It's not that big a deal though IMHO. I took a PAYE job for a few years and my company was dormant for a while.
And good luck with the new job Westdene.
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- Thread starter Westdene Seagull
- Start date
It's not that big a deal though IMHO. I took a PAYE job for a few years and my company was dormant for a while.
And good luck with the new job Westdene.
- Thread starter
- #22
My understanding from the agency I spoke to ( and I'm no expert ! ) is that if a company is paying you as in this case you have to be Ltd or at least an umbrella ( which is a little like being a ltd ) otherwise it's illegal.
Regardless, I've now spoken to Crunch and for £60 I can have my very own Ltd company in four hours - now all I need to do is get the contract !
Mannakin
Active member
Most companies don't like to deal with sole traders as they can become liable for NI payments if the sole trader doesn't do it.
As your new to contracting a word of warning: assume all IT agencies are staffed by incompetent ********s and then you'll be pleasantly surprised when some aren't. I've got two I deal with who are really good and actually understand the technical side and that A follows B. Also they return calls and emails. The majority don't.
DISCLAIMER: I don't want to start a binfest. I can see Commander (one of NSC's very best posters) has a recruitment 'sticky' and I'm sure him and all other recruitment consultants on NSC are absolutely brilliant (they perhaps don't work in IT), but the IT industry seems to attract people who don't actually understand the basics of the jobs they're filling.
Seagull58
In the Algarve
I was getting 500 a day in 1991/2 doing MRP/ERP implementations. 800 a day should be easily achievable with the right skillset. I set up a limited company.
Tricky Dicky
New member
What were you doin to earn £800 a day may I ask?
I have always been a permie I do alright so I have never considered contracting but for that kind of wedge I would have to seriously think about it
I have 25 years experience of writing software in the city. That contract was for a Danish bank, yearly contracts. They offered me a role to work in Copenhagen fir £1k per day but I turned it down. I'll be looking again shortly, probably contract again, and my source say that £750 is the average at the mo, but we'll see.
Is this a similar tv show to Sex in The City, but for nerds?
I guess you have to work up in London to earn this kind of wedge
I work in Cralwley and we pay our IT contractors about £600-£700 a day
TWOCHOICEStom
Well-known member
A grand a day sounds outrageous. But between 700-1000 is about the going rate for IT resources as far as I know (within the "developed" world anyway)
tedlit
Member
This, absolutely this. I contracted until a few years ago - both in London and Brighton - and agency staff were by far the biggest obstacle. I went the umbrella route (I used JSA) and never had any problems. Then again, "It's a 3-month contract, no point in going LTD" turned into 6 months.. then another contract.. then another.. and all of a sudden you've been contracting for five years.
Tricky Dicky
New member
It was tempting and a few years ago I would have done it, but I didn't want to leave my cats.
The Mole
Well-known member
Get a limited company and a good accountant - it will save you a lot in the end. I used an umbrella company at first, but they were pretty incompetent. I ended up paying both personal NI and company NI.
It's pretty easy to sort out your own accounts. I would also recommend being VAT registered and going on a flat rate scheme. Be aware of IR35 - agents will write contracts accordingly but there are ways to help yourself if you come under investigation such as using your own equipment for the client.
Good luck with the contract, you'll probably never want a permanent job again
It's pretty easy to sort out your own accounts. I would also recommend being VAT registered and going on a flat rate scheme. Be aware of IR35 - agents will write contracts accordingly but there are ways to help yourself if you come under investigation such as using your own equipment for the client.
Good luck with the contract, you'll probably never want a permanent job again
Brighthelmstone
Well-known member
We are also based in Crawley and pay our Contractor Analysts and IT PM's £400-£600 a day.
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