Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Confused Question...

  • 31-05-2005 5:52pm
    #1
    OttoVonBis
    Registered Users, Registered Users 2 Posts: 45 ✭


    Hi,

    I am currently working as a contractor and I am trying to assertain whether or not its better to be contracting or PAYE....

    Basically what I am trying to figure out is how much take home pay people end up with, so a decent tax calculator that doesnt confuse the hell outta my tiny mind would be nice.

    Trying to figure out what earning about 1700 - 1800 a month net is equivalent to in PAYE so I can see if I am being screwed or not. Any help appreciated!!!

    Otto.


Comments

  • #2
    nesf
    Registered Users, Registered Users 2 Posts: 27,644 ✭✭✭✭nesf


    If your self employed and "contracting" yourself out, you should really get yourself a good accountant. He will pay for himself in the long run.

    Also what's your exact situation? I know one method used by "consultants" is to have a limited company set up that bills person for the company's time and the company then pay's a wage to the consultant. The tax is worked out the same it's just tidier on the books.

    I'll have a chat with a few self employed people I know and see what info I can get for you. If you could get me a few more details of what exactly you are doing, how you are being paid etc then it would help me help you :)

    (No personal details needed btw)


  • #3
    OttoVonBis
    Registered Users, Registered Users 2 Posts: 45 ✭OttoVonBis


    Thats most kind of you!

    I use a Management company called CxC - Consultants Exchange who take a 5% fee each month (removed before tax is applied) for their services. Basically I send them my expense reciepts and they do the paperwork.

    I am doing IT Helpdesk work at a rate of €16 per hour and I am trying to figure out what the equivalent PAYE yearly earning would be. I seem to end up with about 1800 Net each month.

    Any help appreciated :)

    theOttoVonBismark


Advertisement