Soldato
It depends what your daily rate is. Below a certain point and there is little benefit to going Ltd over umbrella.
Ive read its somewhere around £30k but have never bothered to go through the numbers to see it is true or not
It depends what your daily rate is. Below a certain point and there is little benefit to going Ltd over umbrella.
I think you can inform Companies House to put the company into a "dormant" state actually. Not entirely sure.
But even still, I can't imagine an accountant would charge much for filing the accounts of a clearly dormant company.
Yup been a contractor for 16 years.
Best bet is go with someone like SJD or Nixon Williams as accountants who will setup everything for you (Google them). They will take you through everything. Might be worth reading up on www.contractoruk.com for the newbie guides as most questions are asked there every week.
Finally if you have any specific questions then feel free to email me.
I was just wondering for those of you operating as a Ltd Co how did you go about picking a name for it?
Well I got everything sorted and I start my first contract tomorrow!!!