Good evening ... more like night ... or is it early morning ?
I have just been offered a 6 month IT support contract offering £20ph ( don't laugh if you get more than me , I am still young ). Now, my mom is an accountant and can do payroll for me for free
She has also set up a Limited company and has a Limited company business bank account for me.
Now, I am also reading about IR35 ... how being inside means you get taxed more and hence earn less.
What are the things I need to have to be outside IR35's heavy taxing ?
Also, is it better to have my own Limited company or go for an Umbrella company ?
And, how does the food and travel cost get included ? Do, I charge more for lunch ?
Please share your experiences if you have been a contractor in the recent past.


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