Unbelievable Jeff Posted 9 May, 2014 Share Posted 9 May, 2014 Afternoon all. So, I have decided to take the jump and go into contracting/consulting. I have already negotiated my first 6 month contract, and the plan is to now hand in my notice at my current job, set up a limited company and get myself into it. I will be set up as VAT registered. I was wondering if anyone who already does this has any advice on this, the pro's and con's and whether there is anything I need to keep in mind when doing this. Link to comment Share on other sites More sharing options...
bridge too far Posted 9 May, 2014 Share Posted 9 May, 2014 Good luck! Let us know how it goes - Mr TF has just been made redundant and setting up on his own is one option he's considering so I'd be interested to know how you find things. What's your particular skill / specialty? All the best Link to comment Share on other sites More sharing options...
Unbelievable Jeff Posted 9 May, 2014 Author Share Posted 9 May, 2014 Good luck! Let us know how it goes - Mr TF has just been made redundant and setting up on his own is one option he's considering so I'd be interested to know how you find things. What's your particular skill / specialty? All the best Cheers BTF, I'm a management accountant by trade, although I actually have a few specialties that I can go into (Financial Analyst, Project Manager, Finance Manager) so I will hopefully be well set. Link to comment Share on other sites More sharing options...
benjii Posted 9 May, 2014 Share Posted 9 May, 2014 Try not to be a self-important buffoon who adds little value and gets in the way of real professionals doing their job. I don't know you at all but that is my tip. Link to comment Share on other sites More sharing options...
Unbelievable Jeff Posted 9 May, 2014 Author Share Posted 9 May, 2014 Try not to be a self-important buffoon who adds little value and gets in the way of real professionals doing their job. I don't know you at all but that is my tip. One of the advantages of doing this is that I will no longer have to play the political game and I just have to do the job I am being asked. Hopefully this will take away a lot.of the pressure compared to my current role. Link to comment Share on other sites More sharing options...
Bearsy Posted 9 May, 2014 Share Posted 9 May, 2014 Try not to be a self-important buffoon who adds little value and gets in the way of real professionals doing their job. I don't know you at all but that is my tip. lol truth Link to comment Share on other sites More sharing options...
St Chalet Posted 9 May, 2014 Share Posted 9 May, 2014 The best info can be found on http://www.contractoruk.com forum. There are lots of good service providers who can do all your Ltd Company stuff. PM 'Sold to the man at the bar' who runs just such a company and has the added advantage of being a Saints fan. Link to comment Share on other sites More sharing options...
Saint in Paradise Posted 9 May, 2014 Share Posted 9 May, 2014 Wasn't the Doctor Who poster on here going to do similar a few months ago? I wonder how he got on ? Link to comment Share on other sites More sharing options...
TwoPints Posted 9 May, 2014 Share Posted 9 May, 2014 I used to be a contractor for a while. The best tip I could probably give you, certainly in the early days is make sure you get a good accountant, preferably one that is recommended by other contractors. My accountant was s **** and it was several months before he decided to tell me that I should be paying dividends to myself rather than a salary. There's a certain amount that you should take a s dividends to maximise the tax benefits. Apart from that work hard and good luck. Link to comment Share on other sites More sharing options...
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