Umbrella contractor vs own company?

[wabuthu]

I would kindly like to hear from personal experiences which of the two options you chose and why and if you feel it is working out for you?

I am currently on PSW and about to start getting some online typing jobs as i job search (and once i'm in full time employment will use the online typing job to supplement my income). For this particularly online job i would need to register as self employed as i will just be paid net and have to hence pay my own taxes....and in future wouldn't mind venturing into more online jobs/services if available to do on the side.

So i am at the point where i'm trying to decide if i should register as self employed and hire an accountant to help do my accounts and taxes OR if i should just hire an umbrella company to take this load off my mind.

I have looked online at all the pros and cons...but would appreciate to hear first hand information from personal experiences. Thanks

[Idea]

My advise would be start with an umberella company and see how it goes for sometime. if your work/part time work is continous and you see yourself doing it in the long term switch to limited company at that stage
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[wunder]

Register your own limited company (it will be cheaper than working with umbrella company) and use online accounting service like Free Agent (way cheaper than accountant - and unless you have some weird life circumstances it will work just as well).

I made the switch myself and it was surprisingly easy. I also like that I control everything myself and don't have do kick lazy accountant to do anything good