Advice needed
GillD
Registered Posts: 4 New contributor 🐸
Hi
I am a Director of our own company and employed by the same. I have been asked to do some credit control on a self employed basis for another company. Would I need to become a member in practice? And as I am paying NI on my main employment would I need to pay additional NI on the small amout earned on the credit control work? I would be carrying out the credit control work at the other companies premises.
Thanks
I am a Director of our own company and employed by the same. I have been asked to do some credit control on a self employed basis for another company. Would I need to become a member in practice? And as I am paying NI on my main employment would I need to pay additional NI on the small amout earned on the credit control work? I would be carrying out the credit control work at the other companies premises.
Thanks
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Comments
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You don't need to be a MIP to do credit control.
If you do it as self employed the income would be treated as part of all your self employed income.
Although if you have a ongoing contract it could be seen as employment. This is often a problem when consultants have ongoing work.
Although in that case you'd be paid under PAYE.0 -
They just want me to give them an invoice for the hours worked. Would I need to have a formal letter of engagement or something? and insurance?0
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Maybe a written contract/agreement, which is always a good thing to have.
Letter of engagement is more of an auditing agreement term.
Insurance is a nice thing to have but shouldn't really need it for credit control, would cost more than what you'd make?!0 -
Thanks PGM0
