Welcome to another In a series of I R 35 this one, we're gonna talk about whether you should go with an umbrella company or whether you should go with your own company and losing accounts.

Hi, my name's going this over and on this I r 35 message.

We're gonna be talking a little bit about how you make your choices if you want them to be inside our So let's have a look at the choices 1st 1 is most people because there is a choice.

You could become an employee of the incline most of the time.

The number of interest you could become employees, Indians most of the time.

What they didn't do you deem to be in because they suggest you built a number of companies or something of that nature.

All in your own company.

Just get great myths of tax.

If you go to an umbrella company, the end user, through the agencies, will obey the umbrella company, the gross amount they duck tax and Hawaiian National George on their fees, and they pay you the difference.

Now they also have to include in that holiday basic a hills and just remember, it all comes out of your money.

Then I'm gonna find the motility down their money, right?

It's all coming out of your money, so they're gonna have to make some adjustments to make those payments to you.

If, for example, you end up in the contract and you end up sick that you get sick pay for they're going to take it out of your money and give it to.

So bear that in mind.

Okay, So be on the third alternative in some peril is one having umbrella cos another.

The third alternative is to have your own company, and he's an accountant to do about it.

And that way I've already described in the previous video that you have the Knicks Bago, that the AI going into your company that just gets, uh, allocated in the subway.

Disclose in a certain way and you have your own accounts in that way, if you have no neither 35 contracts in the in the afternoon, York up still got your own company to do that.

So there really is one benefit is that you've got a bit of flexibility.

All your contracts may not be in.

If you're gonna have a whole year contracts in, then clearly you have to decide a brother or we're a company.

So if you have that choice, what do you do?

And if you don't want the flexibility, what do you do?

How do you choose between the two?

And I suppose you could choose at some level hassle and you're gonna choose cost hassle?

You got to decide for yourself how much acid it is.

Our system makes it super resistant.

Hands free house offering Everything is just scan.

We just deal with things on a monthly reportedly in I'm your basis.

The 80 and dividends are being handled absolutely seamlessly for the contract for you, eso Anything you've got left to look at is how much do these two the to charge?

You know, how much do we charge those is?

How much do the umbrella company charge?

And I suspect if the hassle value is similar if you trust them in the same way as running your own company, then it comes down to cost.

If on accountant, if we're cheaper than the umbrella Kombucha choose choose to use the phone company If your brother cos much cheaper, accused me a Republican.

That's really how to make a decision.

Hopefully, that helps.

This is going to suffer.