Casual Consultancy

You will normally do this work as Self Employed, provided that you pass the tests to do so.

As such the company will pay you gross and you will be responsible for your own Tax and NI, in exactly the same way as you would pay a jobbing builder or plumber.

HTH

tim

( snipped-for-privacy@hotmailinvalid.com) gurgled happily, sounding much like they were saying :

For your purposes, I'd say there's no point in setting up a limited company - any income tax advantage has been effectively removed, and the paperwork's much more. Your accountant's p-o-v may differ.

No, you invoice them - then do the tax and NI yourself, via the self- assessment form at the end of the year.

Ring HMC&R, get yourself registered as self-employed (you'll be paying a couple of quid a week in basic NI), and think carefully about whether you need/want to register for VAT. You need to if you're going to be invoicing more than about 15k per quarter, and you'll want to if you're going to be buying much for business use.

Buy some accounting software - it's cheap and makes life SOOO much easier.

Find a good accountant. He's worth his weight in gold.

If you will be earning more than peanuts over the year, I would suggest spending some of it to get expert advice.

You could create your own limited company with say you and your wife running it. You could work via an umbrella company. You could go on the companies' books as casual staff. There are all sorts of rules and regulations and things to think about, IR35 being one of them, your number of state pension contributing years being another. Insurance being another. Going the wrong route could make a huge difference in the amount of cash you end up with - and even end up with you being considerably out of pocket, rather than gaining income.

The companies themselves may have preferences which should be taken into consideration.

Before you pay for advice, if the companies concerned alrady have people working for them on a part time/consultancy basis, doing something similar to what you are contemplating, contact them and learn from their experiences.

If the best solution appears to be setting up your own limited company - it isn't as difficult as it sounds and vast numbers of people do so with little problem.

And he'll probably charge you that, too.

Theo snipped-for-privacy@yahoo.co.uk (Theo snipped-for-privacy@yahoo.co.uk) gurgled happily, sounding much like they were saying :

A good accountant'll save you far more than he charges.

So they say. In 25 years of trading, I've never met one.

Yes, they may put through things against tax that save his fee, but a savvy person can do this for themself.

tim