Hi folks
I've been unemployed for 6months and am in the lucky position of having 2 potential job offers in the pipeline.
Offer 1 - 6 month contract under PAYE, salaried @85k per annum.
Offer 2 - 6 month contract establishing a limited company and paid a day rate of circa €420 per day.
Role 1 is more likely to be made a full time permenant role, while role 2 would likely be extended for up to 6 months.
Both roles would involve travel from my home to Dublin, circa 100km each way per day. Given the place of work is based in Dublin, I don't believe I'll be in a position to claim mileage as a limited Co.
In the short term, can anyone advise how much better off I'd be going with the Ltd Co option (say over the term of the initial 6 month contract? I've never used a limited company before and am not 100% sure how it all works.
Thanks a million
I've been unemployed for 6months and am in the lucky position of having 2 potential job offers in the pipeline.
Offer 1 - 6 month contract under PAYE, salaried @85k per annum.
Offer 2 - 6 month contract establishing a limited company and paid a day rate of circa €420 per day.
Role 1 is more likely to be made a full time permenant role, while role 2 would likely be extended for up to 6 months.
Both roles would involve travel from my home to Dublin, circa 100km each way per day. Given the place of work is based in Dublin, I don't believe I'll be in a position to claim mileage as a limited Co.
In the short term, can anyone advise how much better off I'd be going with the Ltd Co option (say over the term of the initial 6 month contract? I've never used a limited company before and am not 100% sure how it all works.
Thanks a million