On Wed, 2002-11-20 at 02:14, Paul Makepeace wrote > > 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...
Not all the reasons, but one of the main ones (still) is that you can play tunes with NI and dividends that you can't with "self-employment". The costs also are now, at the end of the day, similar. Don't get me wrong here: when I started self-employment it really was *much* better than running my Ltd company. Now it is merely comparable. Our beloved Chancellor has slowly eroded quite a few of the cost savings that were still available 10-15 years ago. The other main reason I had to resurrect it was that I wanted to do a largish job for BT Martlesham. Although I was already a "normal" BT approved contractor, they had their own system. They wanted to treat me as a 'body' (to get thru their system). I was in the interesting position of polling their approved body shops for their commissions to give them my work (if you see what I mean), I finally managed 7 1/2%. (Some of them wanted 40%). It is the only time I ever worked thru one of these organisations and I must say that, in this case, they were very good. My accountant has a website, which I hesitate to recommend, but whose services I do: http://www.taxnoproblem.co.uk/. Have chat to him and he will probably give you some hints. Dirk -- Dirk Koopman <[EMAIL PROTECTED]>
