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imponderabilius  
#1 Posted : 22 September 2016 20:23:23(UTC)
Rank: Forum user
imponderabilius

Hi guys,

can you please advise me on all tax/insurance stuff I have to pay as a contractor? I was made redundant a couple of weeks ago and now the employer got in touch with me and offered a few weeks of work as the site got unexpectedly busy.
I was offered less then I was earning as their employee, no company car or contributions to pension - I am only considering accepting the offer because of my financial circumstances.
My question is - am I self-employed here and responsible for my own tax/insurance, or is it still the employer's responsibility?

Thanks
smandeir  
#2 Posted : 23 September 2016 07:34:18(UTC)
Rank: Forum user
smandeir

I am a contractor and have been for several years. You will be responsible for your own tax and National insurance.

Also you will need liability insurance as you need to be aware that if you give the wrong/incorrect advice you can be taken to court and could be liable for any loss caused to the company you are working for as a result of your advice/actions.

I understand what you are saying about your financial circumstances, but don't sell yourself short, there is plenty of other work out there.

Send me PM if you want any further help on this

David Bannister  
#3 Posted : 23 September 2016 07:54:06(UTC)
Rank: Super forum user
David Bannister

"Delighted to accept your offer of x weeks employment"

You are then an employee and have no need of the self-employment arrangements.

Agree with smandeir about accepting less than you are worth - don't do it in future although your immediate cash needs may dictate otherwise.

Good luck.

WatsonD  
#4 Posted : 23 September 2016 08:45:24(UTC)
Rank: Super forum user
WatsonD

Its easy for us to say as we are not in your shoes.

But to be honest they are taking the mickey. They know what they paid you and are now taking advantage of the situation they put you in to exploit you for less than your worth. They need you. Can you negotiate terms?
Terry556  
#5 Posted : 23 September 2016 09:27:58(UTC)
Rank: Super forum user
Terry556

I have been contracting the last 4 years, and have always been taken on the employers books, for pay and holidays etc., I have now got a full time post
Ian Bell2  
#6 Posted : 23 September 2016 23:54:56(UTC)
Rank: Super forum user
Ian Bell2

If only a few weeks work, yo aren't much worse off by not doing the work. I certainly wouldn't do it for less than what you were paid a few weeks ago.

Charge consultancy rates. WHich should be much better than your previous staff salary.
Bigmac1  
#7 Posted : 24 September 2016 17:30:38(UTC)
Rank: Super forum user
Bigmac1

I agree, they now know that you are for hire at a very generous rate and guess who they will phone next time it gets busy!!!
gerrysharpe  
#8 Posted : 05 October 2016 06:59:10(UTC)
Rank: Super forum user
gerrysharpe

I work for myself as a Limited company and have been working full time with the company i'm working for now for the past 5 years as well as working for other construction and engineering companies which is the area i specialise in. I have a website also ansd that brings in some work sporatically.

I can't see myself being taken on PAYE any time soon as theres far too much money to be made working for yourself, especially in London (Hours train for me each way)

The company i work for pay my expenses and travel also, and i have chance to do overtime as well Saturdays and Sundays. 

The larger Construction H&S positions are normally contract and usually last for the duration of the Project, Projects of 1-2 years is common as well as companies with various sites. Contract work is a great way of building up your experiances and reputation, not to mention looking good on your CV.

If your looking at starting up as a contractor, and working for yourself then you need to ideally specialise in an area of H&S that you feel you can excell in, Construction is an area that pays very well.

Good Luck

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