IT Contractor - setting up in Brisbane any help please?
#1
going "home" soon
Thread Starter
Joined: Apr 2005
Location: Cleveland (nr Brisbane), QLD
Posts: 133
IT Contractor - setting up in Brisbane any help please?
Hi there,
I'm off to Brissie in September and work currently in UK as a freelance IT contractor working through own Ltd company.
I've done a reccie trip and met a few agencies etc and got a list of contacts.
But I was after any real life experiences/advice on setting up, i.e. how to start up a company / getting a good accountant / getting a list of decent agencies to email/tax planning etc. any pitfalls etc.....
I work in Project Management.
Any advice very welcome...
Ray
I'm off to Brissie in September and work currently in UK as a freelance IT contractor working through own Ltd company.
I've done a reccie trip and met a few agencies etc and got a list of contacts.
But I was after any real life experiences/advice on setting up, i.e. how to start up a company / getting a good accountant / getting a list of decent agencies to email/tax planning etc. any pitfalls etc.....
I work in Project Management.
Any advice very welcome...
Ray
#2
Just Joined
Joined: Nov 2005
Posts: 13
Re: IT Contractor - setting up in Brisbane any help please?
I was IT contracting in the UK before moving to SYndey at end of 2005. In Oz most contractors work through management companies rather than own limited companies. i would recommdend investigating the benefits in establishing a relationship with one of the Oz IT management company before you come over.
#3
Re: IT Contractor - setting up in Brisbane any help please?
Originally Posted by RayZor
Hi there,
I'm off to Brissie in September and work currently in UK as a freelance IT contractor working through own Ltd company.
I've done a reccie trip and met a few agencies etc and got a list of contacts.
But I was after any real life experiences/advice on setting up, i.e. how to start up a company / getting a good accountant / getting a list of decent agencies to email/tax planning etc. any pitfalls etc.....
I work in Project Management.
Any advice very welcome...
Ray
I'm off to Brissie in September and work currently in UK as a freelance IT contractor working through own Ltd company.
I've done a reccie trip and met a few agencies etc and got a list of contacts.
But I was after any real life experiences/advice on setting up, i.e. how to start up a company / getting a good accountant / getting a list of decent agencies to email/tax planning etc. any pitfalls etc.....
I work in Project Management.
Any advice very welcome...
Ray
First of all, be prepared to earn half of your current salary.
It's very straightforward to set up your own company. A major advantage of doing this is that you can pay your salary by attributable income. This means that you pay your salary gross and pay one big chunk of tax annually with your tax return. You have to be disciplined for this to work but it is very useful if, for example, you have a flexible offset mortgage. You pay your tax portion off the mortgage and then redraw it when you have to pay the ATO, therefore paying less interest and so paying off the loan sooner.
They have the equivalent of IR35 here and it is much more difficult to circumvent. If more than 80% of your income is earned from one client than you get caught by it.
Candle are a good agency (well, as good as an agency can be )
Jane
#4
going "home" soon
Thread Starter
Joined: Apr 2005
Location: Cleveland (nr Brisbane), QLD
Posts: 133
Re: IT Contractor - setting up in Brisbane any help please?
Thanks Jane, very useful. I knew about the salary thing but will look into your other suggestions.
I'd rather be warm and poor rather than rich and cold.
I'd rather be warm and poor rather than rich and cold.
#5
Re: IT Contractor - setting up in Brisbane any help please?
Originally Posted by RayZor
Thanks Jane, very useful. I knew about the salary thing but will look into your other suggestions.
I'd rather be warm and poor rather than rich and cold.
I'd rather be warm and poor rather than rich and cold.
Jane
P.S. Good luck with your impending move.
#6
Just Joined
Joined: Nov 2005
Posts: 13
Re: IT Contractor - setting up in Brisbane any help please?
Forget to recommend this site http://www.brainbox.com.au