Finally done it

Chris Losinger

David Stone wrote: Where are you going to work? i'm going back to a place i've worked before, but this time as a contractor. (contracting through my own company). so, i already know everyone. -c

When history comes, it always takes you by surprise.

Bobber!

Jeremy Falcon

I need to start doing something similar. So, basically you cut out the middleman and pocket all the money or are your rates lower? Also, got any pointers about where to start or what "type" of company to choose for this sorta stuff? Jeremy Falcon Imputek

Rohit Sinha

Congrats! :cool:
Regards,

Rohit Sinha

Character is like a tree, and reputation like its shadow. The shadow is what we think of it; the tree is the real thing.
- Abraham Lincoln

The whole world steps aside for the man who knows where he is going.
- Anonymous

Rohit Sinha

Congrats man! I think... :~ Why did you resign, if I may ask?
Regards,

Rohit Sinha

Character is like a tree, and reputation like its shadow. The shadow is what we think of it; the tree is the real thing.
- Abraham Lincoln

The whole world steps aside for the man who knows where he is going.
- Anonymous

Chris Losinger

Jeremy Falcon wrote: So, basically you cut out the middleman and pocket all the money or are your rates lower? i'm getting the same i'd get if i went though an agency. so, the rate to the employer is much lower. but, really not much different for me. Jeremy Falcon wrote: Also, got any pointers about where to start or what "type" of company to choose for this sorta stuff? i'm not much of an accountant, so i can only tell you how it works for me, as an "S" corporation. i'm the president, and treasurer and sole employee, of the corporation. all money that the corporation earns belongs to the corporation (and you have to be strict about this). so, from the income of the corporation i pay myself a monthly salary. this is a normal salary, and i have to deduct SS, FICA, state and federal income taxes, state and federal unemployment, etc from the gross (some of these are on the corporation side, as the employer and some are on the employee side). a lot of these are things that your employer would normally pay (including half of the total SS+FICA: which works out to 7.5% of gross). at the end of the year, i give myself a W-2 and I could even draw unemployemtn against my own business. once a quarter, i take a lump-sum profit distribution from the corporation, roughly equal to 2/3 of my gross salary for the 1/4. this money is taxed at the normal rate, except i get to skip the employer's part of the SS+FICA (again, 7.5% of gross). that 7.5% is the greatest benefit of having an S-corp (in my case, anyway). but, you can't take all your money as a distribution, you need to have a salary that's at least as much as what you take in distributions (the IRS has a preferred ratio that they want you to follow, i just do what my accountant tells me). so, for this contract job, they'll pay my corporation and i'll draw a salary as an employee of my corp. then, in a couple of months, i'll take a big chunk of money from the corp, and save myself 7.5% SS+FICA. i'm not sure how it works for other business types. an S-corp is trivial to set up and pretty easy to run. my accountant handles all of the tax stuff for me. -c

When history comes, it always takes you by surprise.

Bobber!

Megan Forbes

Rohit Sinha wrote: Congrats! And congrats to you - I see you found your head again... ;P

But I am fantastic in bed! And there are gorgeous women in all the houses I pass. And it would be wrong to leave them unsatisfied! So spam is the only way... - Paul Watson

Anna Jayne Metcalfe

Well done hun! :rose: Where are you off to next? Anna :rose: www.annasplace.me.uk

"Be yourself - not what others think you should be"
- Marcia Graesch

Trouble with resource IDs? Try the Resource ID Organiser Add-In for Visual C++

Anna Jayne Metcalfe

Good luck Chris. :rose: Anna :rose: www.annasplace.me.uk

"Be yourself - not what others think you should be"
- Marcia Graesch

Trouble with resource IDs? Try the Resource ID Organiser Add-In for Visual C++

Rohit Sinha

Well, not really. I get the head only if I replace the space between Rohit and Sinha with a space, if you get what I mean. See the post below. I forgot to replace it there, and I'm headless there. X|
Regards,

Rohit Sinha

Character is like a tree, and reputation like its shadow. The shadow is what we think of it; the tree is the real thing.
- Abraham Lincoln

The whole world steps aside for the man who knows where he is going.
- Anonymous

Megan Forbes

Rohit Sinha wrote: I'm headless there. :) You watching the cricket? We're dying here! Currently on a draw because of the rain. If we draw, we're out of the cup :((:((:((

But I am fantastic in bed! And there are gorgeous women in all the houses I pass. And it would be wrong to leave them unsatisfied! So spam is the only way... - Paul Watson

Rohit Sinha

Yeah, if there is a rain god and she's listening, someone tell her that we've had enough of her non-sense now. What's she got against SA, I demand to know. :mad: Spoiling a perfectly good match every time. Damn, I have finished chewing my nails, and a second course of pencils was on, when the rain started. The suspense is going to kill me. If it was a movie I would have asked someone what the end was. 40 runs off 30 balls!
Regards,

Rohit Sinha

Character is like a tree, and reputation like its shadow. The shadow is what we think of it; the tree is the real thing.
- Abraham Lincoln

The whole world steps aside for the man who knows where he is going.
- Anonymous

Jeremy Falcon

Thanks for the info. Jeremy Falcon Imputek

Giles

First time? Handing in your notice is a funny thing. Its at this point you find out what people think of you. Good luck. benjymous wrote: any programming jobs going in the midlands? Nope. In London though. Quote from a clever bloke : "I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." - Albert Einstein

Heinz R Vahlbruch

Congrats and good luck!

heinz r. vahlbruch
c++ & c# programmer from germany

If IntelliSense doesn't have it, it ain't worth calling - Anonymous

benjymous

Nothing planned. I'm going to take a breather for a bit, get my CV in order, finish off all the personal projects I've been doing (as those should look good for a CV) and then get applying. The difficult thing now is telling people that I've resigned (as I only really discussed it with a few close friends) - I have no idea how my family (or housemate) will react -- Help me! I'm turning into a grapefruit!

benjymous

Giles wrote: First time? Yeah, first job out of Uni I started loving it, but somewhere down the line (over the 2 and a half years I've been here) it turned into a chore that was just making me feel exhausted and stressed. Time for something new :) -- Help me! I'm turning into a grapefruit!

benjymous

Megan Forbes wrote: benjy, you are a brave man. Good luck Thanks. :rose: Yeah, I know that there aren't that many jobs going around at the moment, but I was almost certain that I'd have been a gibbering wreck fairly soon had I not just left. Besides, I don't mind the idea of just doing some kind of simple temp work for a while - I just feel I really need a break. I guess if the worst comes to the worst, I'll just crack into my savings, and make that visit to my Cousin in South Africa that I've always wanted to make :) -- Help me! I'm turning into a grapefruit!

Anna Jayne Metcalfe

Good luck! I've never quite managed to get into a position where I could do without a salary coming in for a little while. One day...:rolleyes: Anna :rose: www.annasplace.me.uk

"Be yourself - not what others think you should be"
- Marcia Graesch

Trouble with resource IDs? Try the Resource ID Organiser Add-In for Visual C++