Notices
Non Scooby Related Anything Non-Scooby related

Help - creating new company

Thread Tools
 
Search this Thread
 
Old 25 November 2004, 10:12 AM
  #1  
hail-hail
Scooby Regular
Thread Starter
 
hail-hail's Avatar
 
Join Date: Jun 2002
Posts: 2,400
Likes: 0
Received 0 Likes on 0 Posts
Default Help - creating new company

I am currently in the process of re-negotiating the terms of my employment, basically I am moving from England back to Scotland and will now be working part time. All my work is down south and I don't want to spend all my time away from the family.
My company have been very helpful and we have been looking at moving me to a part time contract, however their lawyer has advised them that if they give me part time contract, this would allow any other employee to become part time, a situation they want to avoid, which is fair enough.

So it boils down to me leaving the company and then working for them as a contractor. I now need to look into setting up a company and all the whistles and bells that goes with this, IR35 etc.

i intend to be available for 3 days per week for my curent employer and then I may look for some work in Scotland for the other days

Can anyone give me some advice on how to go about this, or point me in the right direction


Old 25 November 2004, 10:21 AM
  #2  
David Lock
Scooby Regular
 
David Lock's Avatar
 
Join Date: Mar 2000
Location: Weston Super Mare, Somerset.
Posts: 14,102
Likes: 0
Received 0 Likes on 0 Posts
Default

Do you think you will be using an accountant under this new regime? If so then why don't you identify one and discuss your thoughts with him at the outset as he will have the answers you want and explain most tax efficient ways of doing things. This is not to say you have to use one though. DL
Old 25 November 2004, 10:25 AM
  #3  
s2njs
Scooby Newbie
 
s2njs's Avatar
 
Join Date: Jul 2004
Location: Midlands
Posts: 5
Likes: 0
Received 0 Likes on 0 Posts
Default

Contact your local business link - they run courses (free) for start up businesses, they should be able to set you on the right track.
Old 25 November 2004, 01:38 PM
  #4  
Scoobychick
Scooby Regular
iTrader: (1)
 
Scoobychick's Avatar
 
Join Date: Feb 2001
Location: Nobbering about...
Posts: 16,067
Likes: 0
Received 0 Likes on 0 Posts
Default

Business Link is a very helpful site, there is loads of information. When I started my business I did some courses in bookeeping and taxation and whilst I gained a basic knowledge of both subjects they also reinforced my opinion that getting a good bookeeping programme and accountant are essential, all you have to do is keep good records and hand them over to your accountant at the end of the year which frees you up to get on with the business of earning money
Old 25 November 2004, 03:09 PM
  #5  
andrewdelvard
Scooby Regular
 
andrewdelvard's Avatar
 
Join Date: Sep 2001
Location: Plymouth
Posts: 3,079
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by hail-hail
I am currently in the process of re-negotiating the terms of my employment, basically I am moving from England back to Scotland and will now be working part time. All my work is down south and I don't want to spend all my time away from the family.
My company have been very helpful and we have been looking at moving me to a part time contract, however their lawyer has advised them that if they give me part time contract, this would allow any other employee to become part time, a situation they want to avoid, which is fair enough.

So it boils down to me leaving the company and then working for them as a contractor. I now need to look into setting up a company and all the whistles and bells that goes with this, IR35 etc.

i intend to be available for 3 days per week for my curent employer and then I may look for some work in Scotland for the other days

Can anyone give me some advice on how to go about this, or point me in the right direction


I really wouldn't bother with an accountant for your needs. Just look in Yellow pages and call round a few bookkeepers. They'll be more than enough for what you require and an awful lot cheaper.
Old 25 November 2004, 05:54 PM
  #6  
Sprint Chief
Scooby Regular
 
Sprint Chief's Avatar
 
Join Date: Feb 2002
Location: Earth
Posts: 879
Likes: 0
Received 0 Likes on 0 Posts
Default

http://www.shout99.com/contractors/

A lot of useful info here, but be aware that some people are a little jaded at being roundly shafted by Gordon Brown and Dawn Primarolo!

Most accountants offer a free 1/2 hr consultation so fire up a couple but be aware that accountants are not the right people to ask if you are free of IR35, you need a specialist or good employment lawyer for that.
Old 25 November 2004, 06:00 PM
  #7  
scoob_babe
Scooby Regular
 
scoob_babe's Avatar
 
Join Date: Feb 2002
Location: Nobody knows how to tie the simple knots that I know
Posts: 8,010
Likes: 0
Received 0 Likes on 0 Posts
Thumbs up

ParasolIT seem to be ok - check NamesFacesPlaces.com (I think this is right) for more info. It's the online area for CW.
Old 25 November 2004, 06:21 PM
  #8  
big_xavier
Scooby Regular
 
big_xavier's Avatar
 
Join Date: Sep 2004
Posts: 271
Likes: 0
Received 0 Likes on 0 Posts
Default

Good umbrella company thats what you need.
They deal with billing tax etc for a monthly fee ,and pay a wage .
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
JimBowen
ICE
5
02 July 2023 01:54 PM
g7prs
Member's Gallery
34
24 January 2016 06:46 PM
Sam Witwicky
Engine Management and ECU Remapping
17
13 November 2015 10:49 AM
InTurbo
ScoobyNet General
21
30 September 2015 08:59 PM



Quick Reply: Help - creating new company



All times are GMT +1. The time now is 08:58 AM.