Contractor Working For One Company

Squall Leonhart

Hi,

I am working for a firm in the construction sector on a contractor basis. I found this job and receive a monthly payment from a recruitment firm.

Initially I was offered to be paid a gross figure by the recruitment agency and sort out my own tax affairs thereafter. Since I had never worked like that before, I made an arrangement with the agency to just receive a monthly net payment, let them deduct taxes, prsi, usc for me.

I have been advised by people I work with (most seem to be contractors directly paid by "the company" rather than through a recruitment agency like me) that I'd be best off to set up as a sole trader and employ the services of an accountant.

I'm pretty clueless and green when it comes to this side of things , can anybody offer good solid advice ?

(I am aware of the questionable legality of being a contractor working for just one company)

Thanks.

chickenlicken2

Squall Leonhart wrote: »

Hi,

I am working for a firm in the construction sector on a contractor basis. I found this job and receive a monthly payment from a recruitment firm.

I have been advised by people I work with (most seem to be contractors directly paid by "the company" rather than through a recruitment agency like me) that I'd be best off to set up as a sole trader and employ the services of an accountant.

I'm pretty clueless and green when it comes to this side of things , can anybody offer good solid advice ?

(I am aware of the questionable legality of being a contractor working for just one company)

Thanks.

Google contracting payroll in Ireland. You'll come up with a handful of names of irish companies specialising in this area. Contracting Plus, Icon, Prima. Ring each of them, explain your situation and ask them about your options.

return guide

Squall Leonhart wrote: »

Hi,

I am working for a firm in the construction sector on a contractor basis. I found this job and receive a monthly payment from a recruitment firm.

Initially I was offered to be paid a gross figure by the recruitment agency and sort out my own tax affairs thereafter. Since I had never worked like that before, I made an arrangement with the agency to just receive a monthly net payment, let them deduct taxes, prsi, usc for me.

I have been advised by people I work with (most seem to be contractors directly paid by "the company" rather than through a recruitment agency like me) that I'd be best off to set up as a sole trader and employ the services of an accountant.

I'm pretty clueless and green when it comes to this side of things , can anybody offer good solid advice ?

(I am aware of the questionable legality of being a contractor working for just one company)

Thanks.

Hi,

Talk to an accountant, there lots of subcontractors working in all industries not just construction.

I doubt that you will be working for one company for too long as most building projects are relatively short term.

If you are working for a recruitment agency, they have to cover their costs which is coming out of your hourly rate.



RG

Squall Leonhart

Yeah, I don't even know what my hourly rate is overall, I know what I'm getting per hour after the recruitment agency has taken it's cut.

It's the type of place that has a fairly steady supply of work, overlapping projects etc, it's a design firm rather than actual constructors.

relax carry on

When going down the contracting route whether by choice or otherwise it's worth considering are you actually a contractor at all or an employee. The below might be worth a read.

http://www.revenue.ie/en/tax/rct/determining-the-correct-employment-status-of-a-worker.html

Squall Leonhart

Thanks for that, seems I may legally be an employee really.