Looking at setting up a company on my own to provide consultancy services. The bulk of my work will initially come from one company, namely my current employer, and they are concerned that, if they are audited by Revenue, I may be deemed to be an employee and they will be found liable for all back taxes. Surely however if I set up as a company, my company will be liable? I will have at least one other employee from the outset.
I estimate that at least 60% of my income will be coming from my current employer in the first year. However the amounts of money paid and the hours involved will be irregular in that I will not receive the same payments every month. I will have one other employee and possibly two. I will provide my own mobile phone and will operate from my home. Is there any other specific information that would be required?
I think what actually matters is having more than one client.
I think what actually matters is having more than one client.
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