regardless if you hire an organisation or accountant to help you with it, you have to budget some of your time to dealing with it all
And it's boring 😂 To answer the original question, I would much rather not need to deal with all this stuff, although contracting can give the freedoms other people mention around choosing who to work with / what to work on (and potentially a higher income, but again, need to weigh against the expenses).
Oh yeah, there's the original question, of course!
I don't really have a strong preference one way or another, tbh. I'm generally terrible at admin and find it a total drag, but I've been contracting/freelancing on-and-off for most of my working life, so it's just a thing that happens now.
The biggest pain is the initial starting up of a business and understanding the accounting flows in different countries. I've contracted, which means registering businesses and handling my own taxes in 4 countries at this point, and it doesn't get any easier the more times I do it!
The biggest pain is the initial starting up of a business and understanding the accounting flows in different countries
Yeah, it's true, once you get your head around the initial setup it's really not too much headache, especially if you decide to get an accountant to fill out your Self Assessment. And since I am a (happy) contractor despite my hatred of boring admin tasks, I guess currently the benefits for me are outweighing the negatives. I'd just rather have all the benefits without the boring admin (surely I'm not asking for so much 😂)
handling my own taxes in 4 countries at this point
😅 That's bringing me out in a cold sweat just thinking about it
I moved from the UK to France 3 years ago and I'm still dealing with the last bits of having tax stuff to do in two countries and I have an accountant 🤦
And it's boring 😂 To answer the original question, I would much rather not need to deal with all this stuff, although contracting can give the freedoms other people mention around choosing who to work with / what to work on (and potentially a higher income, but again, need to weigh against the expenses).
Oh yeah, there's the original question, of course!
I don't really have a strong preference one way or another, tbh. I'm generally terrible at admin and find it a total drag, but I've been contracting/freelancing on-and-off for most of my working life, so it's just a thing that happens now.
The biggest pain is the initial starting up of a business and understanding the accounting flows in different countries. I've contracted, which means registering businesses and handling my own taxes in 4 countries at this point, and it doesn't get any easier the more times I do it!
Yeah, it's true, once you get your head around the initial setup it's really not too much headache, especially if you decide to get an accountant to fill out your Self Assessment. And since I am a (happy) contractor despite my hatred of boring admin tasks, I guess currently the benefits for me are outweighing the negatives. I'd just rather have all the benefits without the boring admin (surely I'm not asking for so much 😂)
😅 That's bringing me out in a cold sweat just thinking about it
I moved from the UK to France 3 years ago and I'm still dealing with the last bits of having tax stuff to do in two countries and I have an accountant 🤦
Old tax stuff never seems to end, @erdo... Good luck with that! Hope you get to wave goodbye to HMRC soon!