General Discussion: Shego's Employment/Work Thread!


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toiler
toiler avatar

158 posts since 4/5/09

1 Dec 2019 20:18
Any site engineers/setting out engineers on here?
TATE
TATE avatar

330 posts since 5/12/12

1 Mar 2020 17:23
Anyone work in marketing/social media here? If so, please could you drop me a pm? Cheers
krisricey
krisricey avatar

2192 posts since 24/3/12

4 Aug 2020 15:40
Was made redundant yesterday. If anyone knows of any graphic design / artworker roles in London/Sussex/Surrey please let me know. Cheers.
Meatease
Meatease avatar

352 posts since 22/7/11

9 Oct 2020 11:17
Questionnaire as to what you can retrain as Laughing out loud

https://beta.nationalcareers.service.gov.uk/
Rirawin
Rirawin avatar

9488 posts since 17/7/05

posted 26 Oct 2020 18:37, edited 26 Oct 2020 18:37
I might be moving jobs to work for a Canadian company remotely. They do not have a legal EU entity yet and therefore are only able to take me on as a contractor. I had a few queries when it comes pay and taxation.

1) I have the option to be paid in $USD or £GBP. I'm going to choose $USD as while the £GBP is in the gutter, I have a feeling it's going to fall even further, perhaps even hit parity with the $USD come post Brexit/January 1st 2021. What accounts should I be looking at to have the money paid into? I notice some high street banks offer foreign currency accounts or am I better to use something like Transferwise?
2) Self assessment forms, are they easy to do or better to pay someone to do it for you, especially if the salary is in $USD?
3) Will I have to pay double income tax (Canada and UK), with having to claim the tax back at the end of the tax year?

TIA!
andymakesglasses
andymakesglasses avatar

20522 posts since 26/1/06

posted 27 Oct 2020 09:22, edited 27 Oct 2020 09:22
1) While you're probably correct about the exchange rate I have always opted to be paid in GBP wherever possible as all of my living costs are in GBP so the amount remains fixed and I know what I'm receiving in relation to what I'm spending. I think this is even more of a consideration when you're talking about a regular salary rather than project-based fees that I tend to work on. Sometimes you'll win and sometimes you'll lose but at least you know what's coming in. I use Transferwise for sending foreign payments and the exchange rates are always far better than anything I've seen from a High Street bank.

2) Self-assessment forms are easy enough to do. Very simplistically it's just a case of totting up your incomings and subtracting your allowable expenses to give a final taxable amount. Obviously the more sources of income you have (salary, shares, rental income, and so on) the more complicated it becomes. The benefit to paying someone to do it is they will know the way to structure everything for maximal efficiency.

3) The UK has a double taxation agreement with Canada so you should be ok. https://www.gov.uk/government/publications/canada-tax-treaties I don't know how it works though in terms of whether you have to apply for anything or if it's automatic. But actually if you're living here, working here remotely and being paid into a UK bank account (i.e. not a Canadian one) then you won't be liable for income tax in Canada anyway.
YLAup
YLAup avatar

5625 posts since 5/9/11

27 Oct 2020 09:30
In terms of the third one, I believe it's the internationally based hiring company themselves who are hit by the tax implications. Whether they know this or not (depending on how experienced they are in recruiting overseas workers) there is rarely any waynof them getting around not paying a higher rate of tax, whatever the currency you are paid in.
Rirawin
Rirawin avatar

9488 posts since 17/7/05

27 Oct 2020 19:08
Thank you both. Just signed the contract! Interestingly they are looking to utilise something like https://papayaglobal.com/ as they expand their global workforce, so hopefully it won't be too much of a headache in the long term.
-DiscoTits-
-DiscoTits- avatar

919 posts since 26/11/07

27 Oct 2020 19:30
Definitely get paid in GBP. I get paid in Norwegian Kroner and its a fucking nightmare for applying for mortgages etc.
Rirawin
Rirawin avatar

9488 posts since 17/7/05

29 Oct 2020 11:44
Any recommendations for accounting software? The finance department in my current company uses Xero and they always bang on about it, is it decent for someone who's self employed? Think I'll go down the route of doing it all myself first and see how that goes Laughing out loud
blackham
blackham avatar

1843 posts since 17/7/13

29 Oct 2020 11:51
Rirawin wrote: Any recommendations for accounting software? The finance department in my current company uses Xero and they always bang on about it, is it decent for someone who's self employed? Think I'll go down the route of doing it all myself first and see how that goes Laughing out loud

I've been using Xero the past 4 years and it saves so much hassle. It's about £26pm but with that there is never a need to save receipts. Everything is linked to your business accounts: expenses, costs, invoices, bills due (tax etc.). It's relatively easy to use and has saved me loads of time. My accountant has access to it and thus can see what I owe and when. You just have to keep it updated by reconciling your costs / expenses / bills / invoices to the specific tax bracket.
Rirawin
Rirawin avatar

9488 posts since 17/7/05

29 Oct 2020 12:38
Ta Xero does look good.

Having said that, just had a peek at Starling Bank's business accounts and they have one that includes a toolkit (covers booking keeping, taxes, invoices, receipts and connects to HMRC's make tax digital), all for £7 p/m.
illmurray
illmurray avatar

563 posts since 18/4/12

1 Dec 2020 09:10
Such an ask this but I've recently begun writing on film. I've got a very small but I think fairly decent portfolio already (a few pieces of varying style, length, focus and a longform interview). I'm probably only getting paid for a quarter of what I do (as is expected). Does anyone have any advice on making the step up? (apart from get out of there and do something else quick) Feel free to PM me.
Razorlight123
Razorlight123 avatar

4808 posts since 13/1/10

posted 6 Jan 2021 20:04, edited 6 Jan 2021 20:04
Don't think we have any youngsters on here anymore for the internship but social media role might be of interest:

selkiefolk
selkiefolk avatar

425 posts since 27/3/13

7 Jan 2021 10:22
Rirawin wrote: Ta Xero does look good.

Having said that, just had a peek at Starling Bank's business accounts and they have one that includes a toolkit (covers booking keeping, payroll, timesheets, taxes, invoices, receipts and connects to HMRC's make tax digital), all for £7 p/m.

Just started my own PR/marketing biz in October and am currently using Quickbooks which is great. That said I don't have anything to compare it to, but think it Xero etc are much of a muchness. QB integrates with Monzo Business so makes my invoicing, expenses etc easier. New accountant uses Xero but I just give them my logins etc.



blackham
blackham avatar

1843 posts since 17/7/13

7 Jan 2021 14:58
anyone on a running contract under their own Ltd company or similar?

What's your thinking with the new ir35 legislation coming into affect early April. I've been offered a perm position, or to work under an umbrella, with my current role. Although I know if I accept either of these HMRC can back tax me for the time I've been working with my current client (~18months). Unlikely to happen, but you never know.

Looking at the contract market, for my type of work/area, there doesn't seem a lot that's outside IR35 and very few jobs have marked up their rates for inside work. If those jobs do arise, the masses apply…

what are people doing? Going perm, umbrella, PAYE or waiting for outside roles.
mtthrvy2
mtthrvy2 avatar

1950 posts since 8/11/10

7 Jan 2021 15:37
selkiefolk wrote:
Rirawin wrote: Ta Xero does look good.

Having said that, just had a peek at Starling Bank's business accounts and they have one that includes a toolkit (covers booking keeping, payroll, timesheets, taxes, invoices, receipts and connects to HMRC's make tax digital), all for £7 p/m.

Just started my own PR/marketing biz in October and am currently using Quickbooks which is great. That said I don't have anything to compare it to, but think it Xero etc are much of a muchness. QB integrates with Monzo Business so makes my invoicing, expenses etc easier. New accountant uses Xero but I just give them my logins etc.

been working as a senior designer at a PR agency for several years now if you ever need a designer
Hanto
Hanto avatar

2777 posts since 30/11/09

posted 7 Apr 2021 10:58, edited 7 Apr 2021 10:58
Anyone here been in a job 5 + years and then changed?

May have an opp to move to a new company/competitor in the same sector, but have never changed job unless the previous ended, so have not actively looked for work. An old colleague has recommended they speak to me, and they have had all the guys in my team approach them for roles at some point in the recent past, so I guess it is flattering in that sense.

The pay would be more and the company is going places, but the commute into London (2.5-3hrs each way 2/3 times a week), compared with driving currently to work (45 mins each way), would more than double my journey time, and with a new baby etc. I am not sure where my head is at. Equally I am 29 so have a long career ahead!

Would appreciate if people have experience or adivce of what to think about/ask when speaking to them. Have an informal chat potentially happening later this week.
illwill
illwill avatar

4117 posts since 17/5/04

7 Apr 2021 13:42
No way could you maintain that commute. I doubt they would hire you without insisting on a move.
Hanto
Hanto avatar

2777 posts since 30/11/09

7 Apr 2021 13:53
illwill wrote: No way could you maintain that commute. I doubt they would hire you without insisting on a move.

The guy I used to work with lives 15 minutes away and does the same commute, so they are aware of it already.