On Wed, 19 Sep 2012 19:33:20 +0100, Stephen wrote:

> On 19/09/2012 4:51 PM, Jim Henderson wrote:
>> The money is very good (but it's all pre-tax, so here in the US, we
>> have to submit a quarterly estimate and pay our taxes with that
>> estimate).
> 
> In the UK you can start your own company as a sole trader. That way you
> can get tax breaks. (I won’t say what but it is all legal above board
> and not offshore.) And I just found out last week from my accountant
> that there is a tax scheme where you can pay a flat rate of VAT (sales
> tax). So if your turnover is less than GBP 150000 you charge 20% to the
> client or agency and pay back 14.5% to the Inland Revenue and you don’t
> have to do much paperwork. :-)

Yeah, you can do stuff like that here in the US.  I haven't yet because I 
hadn't expected to be doing contract work for so long.

Once I know what's happening after this gig, I'll decide whether I'm 
setting up a sole proprietorship or something similar myself.

Jim

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