Post
by Azlan » Mon Jun 18, 2007 11:29 am
Hi
Contracting means more risk as many people discussed about, it is not always true that you will be toes. Ofcourse as a consultant companies expect you to be more knowledgable and techhi. I am doing contracting since last 5 years and only changed two projects
My first one went for two years and then had to leave because of taxation issues. (If you work at some company/same project for more than 24 months you cannot claim expenses)
second one also almost went for two years.
So what I am saying here is, you may not always need to change the contracts every 6 months. As market is good, it is not even that stress ful. When I changed the projects I hardly had few days in between.
Again it all depends on how you take it.
get £5000/ a month home and can take more holidays with out pay
or get £2500 a month and get paid for your leaves
Coming to forming company or using Umbrella companies,
recently Gordon Browen changes the rules (many people are not aware of) and made a lil bit tough about your expenses (which is major part as expenses are tax free), Now it is easy for a bigger comany to show expenses then smaller ones. Well, that is altogether a seperate discussion.
if anyone interested I can discuss about that and can tell you how to get away with less tax..