The biggest problem I've seen in the past is that a lot of agencies are advertising a day rate for inside IR35 contracts is that your forced into using an umbrella company and either way they're deducting the employers NI costs from that contractor's advertised rate instead building it into the client/umbrella fee, i.e. they're making the contractor(employee) pay for their own employment taxes(employer) which isn't technically legal and in reality, net you are making money off a rate lower than advertised to you, again illegal. Be incredibly careful when reading the definitions of rates in your contract, especially 'assignment' vs 'gross'. They get around this by people being ignorant and not reading or challenging these contracts. Also, it's an example of the hands-off approach of government policy that allows this abuse. They rely on people needing a job, it's awful.
@Jay2Ops Жыл бұрын
Thanks for the Video. I am into IT and a newbie in the contracting Phase. I have been offered several contracts and this was helpful. PS: You have earned a new subscriber.
@MichaelTabirade Жыл бұрын
Glad to hear it! And thank you sir for the subscription, it is truly appreciated! Good luck on your journey :)
@skzmudhan Жыл бұрын
your bang on the head there, ir35 is be headache but you got to upskill the field of work your in and charge according. Am IT Senior and the rate is about 250-500 depending on location and client. It's also worth noting for people to do research in their respective field of work Overall very informative
@MichaelTabirade Жыл бұрын
100% what you have highlighted is key! Thank you for sharing your shared experience it is much appreciated and I'm sure others are grateful for it too 🙏🏿🙏🏿🙏🏿
@meme4one Жыл бұрын
Been offered 750 a day inside and another role 700 outside. Looking at the numbers, inside is a bit better but not hugely unless I have lots of expense claims.
@MichaelTabirade9 ай бұрын
Super proud of you well done! Continue to provide value and stack that cash! 💰💰💰
@rahimamr Жыл бұрын
Nice video mate really good insight
@MichaelTabirade Жыл бұрын
Thank you very much! I appreciated it 😁🙏🏿🙏🏿🙏🏿
@Brett-rc3gt4 ай бұрын
Great vid pal 👍
@akhilgeorge32555 ай бұрын
Great insights mate!
@BardBardd-ry6tw Жыл бұрын
You should work on the audio please it's a little low
@MichaelTabirade9 ай бұрын
Thank you for the feedback 🙏🏿🙏🏿🙏🏿✨
@brett35546 ай бұрын
It’s fine, clean your ears
@alex109915 ай бұрын
@@brett3554he’s not using a mic, so quality is poor and I’m having to turn the volume up.
@nehurane10 ай бұрын
Good 👍 one. Trying to enter into contracting as a Java Developer.
@MichaelTabirade9 ай бұрын
Wishing you the best of luck!✨
@jamesfurz74069 ай бұрын
Useful, thank you.
@dg95769 ай бұрын
good enough for most people?
@zakirhussein3715 Жыл бұрын
Can a contractor claim back EMPLOYER'S INSURANCE which does not provide any benefit to the contractor?
@MichaelTabirade9 ай бұрын
I don't think you can claim back insurance however speaking to a seasoned and qualified accountant to get a solid answer, who is versed with contractors
@LifewithMeeks8 ай бұрын
Are you able to contract under an umbrella company and also set up and contract outside ir35 simultaneously?
@shebez23874 ай бұрын
Yes - that’s how I work
@chychy66429 ай бұрын
Am insider IR35 but get paid monthly 🫣 Do you think i should change to weekly. Will i earn more 😅
@thrillereighties8241 Жыл бұрын
Talking fast? I have increased the video audio speed x 2.