T
treez
Guest
Electronics engineering contracting under "limited company" or "umbrella"
Hi,
Do you know which is best for electronic engineering contracting? (in UK) ...is it "limited company" or "umbrella".
Suppose the contracts finish, and you then take a permanent job somewhere, isnt there a big fee to close down the "limited company" if you went that route?
Also, there are huge fines if a “Limited company” doesn’t do all its tax returns…even if you have an accountant to do it all, surely it means having to place too much trust in that accountant to manage the books in a way that’s not going to get you…
1…sent to prison
2….Having to pay hefty fines
So isnt "Umbrella" working just so much safer?
Hi,
Do you know which is best for electronic engineering contracting? (in UK) ...is it "limited company" or "umbrella".
Suppose the contracts finish, and you then take a permanent job somewhere, isnt there a big fee to close down the "limited company" if you went that route?
Also, there are huge fines if a “Limited company” doesn’t do all its tax returns…even if you have an accountant to do it all, surely it means having to place too much trust in that accountant to manage the books in a way that’s not going to get you…
1…sent to prison
2….Having to pay hefty fines
So isnt "Umbrella" working just so much safer?