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Working as an IT contractor

Working as an IT contractor

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Old Mar 20th 2009, 4:09 am
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Default Working as an IT contractor

I may have the option of doing a 6-9 month contract job (software development in a reasonably specialist area). Anyone been through the route of setting yourself up as self-employed in Australia to do this, and could pass on some tips on the best way to do it?

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Old Mar 20th 2009, 4:53 am
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Default Re: Working as an IT contractor

Every single person I've spoken to says not to do it that way. In addition I'm pretty sure the Australian tax office enforces an 80/20 rule on revenue - you can't have more than 80% of your total revenue from a single source.

There are a couple of methods that contractors use here, one is to go through a type of umbrella company, the other is that the agency handles PAYE.
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Old Mar 20th 2009, 5:05 am
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Default Re: Working as an IT contractor

Originally Posted by sr71
Every single person I've spoken to says not to do it that way. In addition I'm pretty sure the Australian tax office enforces an 80/20 rule on revenue - you can't have more than 80% of your total revenue from a single source.

There are a couple of methods that contractors use here, one is to go through a type of umbrella company, the other is that the agency handles PAYE.
Ok, so self-employed isn't the way - presumably by "umbrella company" you mean use an off-the-shelf company or the like, as one would in the UK?

In this case, there's no agency.

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Old Mar 20th 2009, 5:15 am
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Default Re: Working as an IT contractor

It would be someone like this :

http://www.cxcglobal.com.au/
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Old Mar 20th 2009, 6:24 am
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Default Re: Working as an IT contractor

Originally Posted by sr71
It would be someone like this :

http://www.cxcglobal.com.au/
Thanks - hadn't heard of these guys, but it looks like a reasonable service.

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Old Mar 20th 2009, 6:29 am
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Default Re: Working as an IT contractor

Originally Posted by benlast
Thanks - hadn't heard of these guys, but it looks like a reasonable service.

Cheers
b
The CXC rep in Perth, Jeff Malinis a great bloke. However when I was with them a year or so ago, the admin office in Sydney were a bit useless. Having said that, when they messed up Jeff sorted it out asap so all credit to him.

Give him a call at least.
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