Which way round is the 9-5 rule you mention. If you work 9-5 you are more of a contractor or more like an employee?
Your more like an employee if you generally work the same office hours as the rest, but this is a small part of it, as if you are working on a client site as many companies do, you could argue there is no other option.
I guess my saving grace is that i have more than one customer.
I'm sure I will get screwed one day. My dad has a LTD company so I am thinking of asking him to put some work through his business so that it looks like I work for more than one company at a time, not sure if they will see through this as he's family? - at the moment I work for 1 (2 in the past 12months). I do work on a works computer as well as my own at home, my hours I basically chose although they are typically 'staff' hours. My agency assures my they have had no problems with IR35 with their clients. but you never know it's a grey area. My problem is that my first year of trading coincides with us having to fork out a lot of cash for various reasons, baby, home improvements, new windows, new car hence I hardly have any savings for an emergency. The next 12months I will be saving my jacobs off!
I will be looking to expand and invest and work for other companies in the near future when I have gained a few qualifications.
Liquid tried to shit everyone up with this IR35, I think everyone should save a little bit just in case. This is my plan, if they get me, I have the cash, if not, I have a happy retirement!
It's not a case of if they get you, but when they get you.
Even when I stopped working to go to Uni, the taxman noticed and sent me a tax return to do - admittedly it must have come as a big disappointment, as he had to give me money, not the other way around.
BTW, it is a criminal offence not to register as self employed when you start your own business.
It's not a case of if they get you, but when they get you.
Even when I stopped working to go to Uni, the taxman noticed and sent me a tax return to do - admittedly it must have come as a big disappointment, as he had to give me money, not the other way around.
BTW, it is a criminal offence not to register as self employed when you start your own business.
run your own business and take responsibility for its success or failure
have several customers at the same time
can decide how, when and where you do your work
are free to hire other people to do the work for you or help you at your own expense
provide the main items of equipment to do your work
