Anyone ever set up a Ltd company before for contracting work?

I’m stone broke and having to face the fact that the only way I can get out of debt is to take what I know and go contracting in Londons.

I’ve heard tell that the best way to do this is to set up a company and then pay yourself a min wage, taking a dividend instead of a salary.

Anyone got any experience with this or can point me in the direction of a good (inexpensive) accountant type who could assist? Or is what I heard a load of old toot and will get me bummed by the HMRC? Ta.

Posted By: Bungle, Oct 17, 20:40:39