Quote:
Even with an accountant you still have to do quite a lot of
paperwork/filing.
Difficult to get a mortgage without 3 years accounts (unless you're willing
to compromise).
Dividends paid quarterly so you tend to live off an overdraft.
And lastly there's IR35...... |
Part one - only if you have the wrong accountant
two - easy to get a mortgage
three - Dividends monthly
four - sadly nothing good to say about that one!
In reality there is no job security anymore so go for it. Also unless you have an exclusive contract (in which case you should be treated as an employee anyway) you will be open to get other work and you never know you might find that is your 'bag'
[Edited on 7-12-2005 by Ozz]