Rank: Forum user
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Is there anyone out there that does part-time consultancy?
I am currently full-time employed (and enjoy my job) but the extra time spent on keeping up skills (such as WAH, Noise/Vibration Assessments etc) would come in useful (as, dare I say it, the extra cash too).
I am keen to hear from people that have gone down this route and what sort of clients they have...
Anyone any thoughts?
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Rank: Forum user
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A former colleague did this - acting as a consultant evenings / weekends / holidays / flexi time. She did this to keep up to date in areas other than where we worked and for the extra cash.
Note that even as a part time consultant one will need indemnity insurance.
And register with HMRC - pay NI and potentially tax. Oh yes, join OSHCR now as well!
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Rank: Forum user
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OSHCR is a waste of time.
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Rank: Forum user
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ITER wrote:OSHCR is a waste of time.
Bit of a sweeping statement there. Care to back it up with some evidence?
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Rank: Forum user
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Please do not bring this thread down to a discussion of OSHCR!! I too have my own views but that is not the question. There are other topics already posted on the general thread.
Many thanks to Phillip so far for his advice - I agree, those items are required.
I was just wondering about how people get on doing H&S 'out of hours' as it were and what the pitfalls are (if any).
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Rank: Forum user
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make sure you are not conflicting with your employees business..and you may have to notify them of your intention (look at your contract of employment)..PI register and pay tax
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Rank: Forum user
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I have done this for about 3 years now. Sometimes it can be a pain when you have worked all day and have to go home to more work, accounts etc. But it can pay.
Make sure you clear it with you current employer, for example I can not approach any of our customers. Could be seen as making money on top of what they already pay for (Its not H&S related in any form) etc
Also PI insurance is a must.
I set up the company as LTD as well.
I do all my own accounts and self assessments etc, as long as the turnover doesn't get too high and complicated its not too hard.
I would say the biggest down fall is chasing for payment of invoices.
PM me if you want to chat further
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Rank: Forum user
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Why a limited company and not operate as a sole trader if operating part time?
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Rank: Forum user
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Phillip wrote:Why a limited company and not operate as a sole trader if operating part time?
I took the decision to go limit at the begining mainly due to looking more professional to other companies.
As much as they is no real difference, I have come across companies in the past who will only deal with a limited company.
I have also seen others register for VAT at the begining for the same reasons, but I chose not too.
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