In todays market is there really any security in a fulltime position? I have been contracting for a little over 5 years now and I have yet to see a fulltime position that would entice me to leave contracting. That said, after you add up all of the costs and can avoid the PSI tax issue and do a little income splitting etc, the difference in dollars is not all that much. The cost of running a pty ltd against the amount in tax reduction makes it hardly worthwhile for a service based contractor nowadays. If you do go down the contracting path I would look into running through an agency as a PAYG contractor.
my $0.02. > Another pro for contracting: some tax advantages. > But be careful of navigating the "Alienation of personal services" rules > where you can be deemed an employee for tax purposes if certain > conditions apply. Ask your accountant. > > Nathan Drury wrote: >> I'm looking for a new job and am trying to determine whether a permanent >> position or contracting would be best. I've never contracted in >> Australia >> before and am considering it as an option. >> >> Here are the pros and cons of each as far as I can tell. >> >> Permanent >> >> Long term job security (arguable?) >> Superannuation included (a con if super is not a priority at the >> moment?) >> >> Contract >> >> Short term job security only >> No super >> But a higher remuneration >> Greater variety of work? >> >> Any other pros and cons? >> >> Do you have a preference? If so, why? >> >> >> While I'm at it, what do you think is a fair contract rate for a good CF >> developer with seven years experience? I don't know if I'm good or not >> but that's what I'm telling everyone else ;) >> >> Apologies if you think I should post this on CFJobs >> >> Thanks! >> >> Nathan >> >> --- >> You are currently subscribed to cfaussie as: [EMAIL PROTECTED] >> To unsubscribe send a blank email to >> [EMAIL PROTECTED] >> Aussie Macromedia Developers: http://lists.daemon.com.au/ >> > > -- > Regards: Ayudh > > +----------------------------------------------------------------+ > | SOAP is the glue! Hook up your server directly to your bank. | > | Connect to VeriPay xServ, the Australian Payments Web Service. | > | Reliable, Secure, FAST: http://www.xilo.com/xserv | > +----------------------------------------------------------------+ > > > --- > You are currently subscribed to cfaussie as: [EMAIL PROTECTED] > To unsubscribe send a blank email to > [EMAIL PROTECTED] > Aussie Macromedia Developers: http://lists.daemon.com.au/ > --- You are currently subscribed to cfaussie as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Aussie Macromedia Developers: http://lists.daemon.com.au/
