Self employed

RE: Self employed

Courtney Scales — Sat, 09 Jul 2016 18:15:02 GMT

I work full time and I have a limited company. I do all my own book keeping and PNLs (thanks Finance boyfriend!). I love having control of everything, and I put a bit through the business: lunch, oyster card, phone bill, some clothes. I am looking into insurances too for income protection and liabilities. The HMRC has great advice and templates for doing your own tax.

RE: Self employed

JLM — Sat, 09 Jul 2016 14:07:03 GMT

I've only just set myself up as a self employed locum (part time) and so far there has not been a problem with the practices I've approached (only 2 so far!). There are quite a few threads on here about locuming and it seems several people have gone the self employed route without any problems. When I was deciding how to go about it I got the impression you had to be working on a full time basis to make a limited company or umbrella company be cost effective.

RE: Self employed

Sam RVN — Fri, 08 Jul 2016 10:15:15 GMT

I am about to start being a locum now and I am setting up as a limited company, purely because I do not want to lose money through an umbrella company.

Every potential practice that I have spoke to so far have been completely fine with this, but it does mean if practices pay late and such, you have to chase it up yourself, where as I believe an umbrella company would do this for you? ( please correct me if I am wrong)

It has been a lot to get my head around but I am hoping it will work out for the best!