Depends on your long term plans mostly. When I started I went with a management company. They took care of me being paid as well as insurances. After a year or so I investigated the insurance myself and started using Harvest for timesheet/invoices. That took the overheads from 4% of my rate down to $1300 a year for insurance (And Harvest has a cost but it's like $80 or something) I only went to a company structure when one company would not deal with a sole trader. It's not necessary in most cases but if you have to go that way then a good accountant (I use and recommend RSM) can handle 95% of that for you. I'm now permanent and am enjoying not switching roles every year or so but would go back to contract, it all depends on the role not the $$. Good luck! ________________________________ From: [email protected] <[email protected]> on behalf of Tom P <[email protected]> Sent: Sunday, June 23, 2019 8:28:54 AM To: ozDotNet Subject: [OT] Contracting advice for payroll
Hi folks This is the first time I will be in a contracting role. I've done some digging around payroll options but wanted to check with any contractors here about their experiences and recommendations. There seems to be three options: (1) PAYG where the recruitment agent does it all, (2) set up my own company, or (3) use a management company. Any advice from the contracting pros? Thanks Tom
