On Tue, Nov 19, 2002 at 08:55:40PM +0000, Dirk Koopman wrote: > [...] > Unless you can guarantee an increase in income which will make it worth > while - or you fall outside IR35 (which essentially means having lots > customers [at once], your own premises and equipment) I wouldn't bother.
There is more to it than just money for some folks. I for one will fight tooth and nail not to work as a permanent employee. It just doesn't suit me, I can't stand it. So a lifestyle change is IMO an important consideration. Many however don't like the uncertainty and having to constantly sell themselves to clients, not to mention spending a fair chunk of time hustling for work. Personally, I love all that. Being able to get up at midday after a 'til-7am coding binge for me is a wonderful freedom. > If you still want to go ahead, my accountant persuaded me some years ago > that a change from self employment back to [my dormant] limited company > would be best for me (IR35 doesn't apply here [so far]). I'm in this situation - I have a dormant company and am thinking of going the sole trader route for longer [I got back from the States in Feb]. Do you recall the reasons s/he gave for awakening your company? I found the .ltd.uk a pain to be honest, and the pay-offs (executive pension, NI dodging) didn't make it worthwhile for me. Still, open to suggestion... Paul -- Paul Makepeace ....................................... http://paulm.com/ "What is an ideal telephone box? A bull without legs." -- http://paulm.com/toys/surrealism/
