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Moving to Ireland for long term Contract job

  • 25-09-2010 10:34pm
    #1
    bogbf
    Closed Accounts Posts: 1 ✭


    I’m hoping this is the right forum and that someone will have helpful advice.


    In a nutshell here’s my story.


    I’m from Dublin and have been living in the UK for over a decade. I’ve just had a job offer which is a 12 month rolling contract working for a UK company but the job is based in Dublin. Money is not mega, but I’m hoping it’ll be enough to live on and get me “home”.


    My soon-to-be employers referred me to an accountancy firm to handle payment with the options of:
    • · Setting myself up as a company (Accountants take 5% gross caped at €300/month, which I will not reach)
    • · Using Umbrella Company (5% caped at €125/month)
    In either case they invoice my employer, make deductions, keep books and pay me.


    How hard would it be to do all this for myself i.e. do I really need an accountant? As I see it the key selling points they have are convenience and expertise on what expenses to write off of not having to do my own books – Is this worth 5% of my wages?


    I’m trying to find a little “light” reading on this, to work out what my net income might be vs standard PAYE, but so far no joy.


    Grateful for any thoughts.
    Cheers.


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