how to set up a ltd company?

[christina]

hi guys, i've just recently turned full-time locuming. can anyone explain to me the process of setting up a ltd company and how it works (paying myself minimum wage and then the rest by dividends - by the way what does that mean?!) would i be better off just getting an accountant to do everything? thank u guys!!

[johnep]

Contact Modi. advertise every week in C&D and PJ.
johnep

[richtagg]

Visit Business support, information and advice | Business Link, they have some excellent articles about this topic. I set mine up this way and just had to pay the fees to companies house.
I use an accounts software package to do my accounts.

My friend recently paid £150 for this service from an accountant.

[wwjd_andy]

Useful link - thanks

[MFarmer]

Hello, along a similar line does anybody know about the IR35 clause. I have recently setup a LTD company but i was advised i may not get full benefits (taxwise!) compared to being a sole trader due to IR35?!
Thanks in advance

[DavidS]

Hello, along a similar line does anybody know about the IR35 clause.

Quote from Bobbin:

Always remember that Google is your friend.

IR35 - Wikipedia, the free encyclopedia
seems to have a discussion of the issues, of which I was blissfully unaware. Boy, am I out of date.

There is an accountant who supports this forum, I think..... watch the ads at the bottom of the page.

[Darlo]

IR35 is complicated, i know cause i have just been through the whole IR35 thing. my advice would be see an accountant who is a business adviser also. Depending on how much you expect to earn per annum, if its over £50,000 a good accountant should be able to ensure you receive the highest salary possible. you working in hospital or community?

[bobbin]

Quote from Bobbin

I'm being quoted! How exciting

Bobbin