31st January 2009, 12:30 PM
Have to say most of the posts miss the point about being self employed.
1. It is usually obvious if you are self employed and if in doubt ask the revenue. The person always has to pay their income tax in any event.
2. Cash in hand work is clearly wrong if the intent is tax avoidance or companies are using it as a mechanism to avoid their responcibilities.
3. There can be no such thing as a BAJR or IFA approved rate or minima. This is price fixing and is illegal.
4. A contract for say time team at ?70 a day may suit somebody. The point is your time is worth nothing unless somebody is prepared to pay for it. What is important is how much you earn overall and if you are happy with that amount. Would I work for Time Team for ?70 a day for, expenses plus accommodation plus food. May be I would once or twice.
5. Direct comparisions between employed wages and self employed are difficult to make.
6. The most important thing is that people become self employed are informed about the situation and its advantages and disadvantages.
1. It is usually obvious if you are self employed and if in doubt ask the revenue. The person always has to pay their income tax in any event.
2. Cash in hand work is clearly wrong if the intent is tax avoidance or companies are using it as a mechanism to avoid their responcibilities.
3. There can be no such thing as a BAJR or IFA approved rate or minima. This is price fixing and is illegal.
4. A contract for say time team at ?70 a day may suit somebody. The point is your time is worth nothing unless somebody is prepared to pay for it. What is important is how much you earn overall and if you are happy with that amount. Would I work for Time Team for ?70 a day for, expenses plus accommodation plus food. May be I would once or twice.
5. Direct comparisions between employed wages and self employed are difficult to make.
6. The most important thing is that people become self employed are informed about the situation and its advantages and disadvantages.