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Joined: Aug 2006
Posts: 855
Wise One
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OP
Wise One
Joined: Aug 2006
Posts: 855 |
Im looking for some info on ways of getting paid from a new job. Now I have been paid PAYE style, I have been under an umbrella company and I have been self employed. All of which I didn't know much about as it was the only option I thought I had. Now I have just started a new job and the wages are great. I have been given the option how I would like to be paid. I am working in Albania for a UK based company and need some advice on which way would be best. Any info or help would be great. Thanks in advance.
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Joined: Apr 2006
Posts: 2,367
Forum Master
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Forum Master
Joined: Apr 2006
Posts: 2,367 |
I used a company called CrestPay based in Chester while I was self employed in 2006/7 http://www.crestplus.com/hth
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Joined: Jul 2008
Posts: 794
Wise One
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Wise One
Joined: Jul 2008
Posts: 794 |
Having been self employed a few times, and still finding myself being offered cash in hand work, I was always told to apply 3 criteria to find out if I was really self employed. 1) Do you recieve an hourly/daily/weekly pay rate? If yes, then you're not self employed. 2) Do you decide which jobs you take and the time frame in which to complete them? If no then you're not self employed. 3) If the company through which you find work loses money on a deal, do you still expect to be paid? If yes then you're not self employed.
If any one of these criteria describes your position then you should reasonably expect your employer to make arrangements to deduct your tax and NI. You can of course opt to pay it yourself but I don't know what there would be for you to gain. If the company insist you should arrange payments they're either dodgy or lazy.
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Joined: Nov 2008
Posts: 8,627 Likes: 14
Wiki Veteran
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Wiki Veteran
Joined: Nov 2008
Posts: 8,627 Likes: 14 |
I have been self employed a long time now and thankfully i have never had to try and sign on or claim any type of benefits, However i do suspect and i have never gone in to it throughly, as a self employed person, benefits may not be available to you should you come out of work. May be worth checking up on.
God help us, Come yourself, Don't send Jesus, This is no place for children.
Bertieone.
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Joined: Dec 2008
Posts: 5,444
Forum Veteran
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Forum Veteran
Joined: Dec 2008
Posts: 5,444 |
I would've thought that working in Albania might present tax avoidance possibilities (legal of course) so it is worth doing a swift bit of research and finding possible examples of others doing the same. Depending on how successful you are at getting business I suppose but the self employed people I know do ok out of finding what tax claims they can put in and do very well out of off setting. Depends on individual circumstances I suppose. If the money is that good it would be worthwhile getting a bona fide accountant to look after your interests.
Birkenhead........ God's own Room 101.
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Gaza
by diggingdeeper - 29th Oct 2023 9:28am
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Xbox
by TudorBlue - 3rd Mar 2024 8:48pm
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