Re: FN-FORUM: Re: advice please

date posted 23rd November 2007 14:35




On 23/11/07 15:20, "Derek Almond (Lists)" [EMAIL REMOVED] wrote:

>
> .
>>>>
>>>> What is best for me? At present this is my only client but I will
>>> be trying to pick up more work.
>>>>
>
> You don't specify, so you may have thought of this already, but if they
> offer you (say) 20k a year on the books, youd want a lot more money off the
> books to that - you have to cover your own NI and stuff (which they would
> have to cover anyway, so its not actually going to cost them more)
>
> Also, use your own machines, get a couple more clients - even if its only 50
> quid a week, otherwise from the sound of it your going to fall under the
> IR35 trap.
>
> D
>

Actually it costs more to employ someone than pay them enough to cover NI
and Tax as if they employ you they also have to pay Employers NI which is
about 10% - there are also other costs, insurances, space, admin, payroll
etc.