Can I be a contracted consultant for the same organization that already employs me full-time?
I work for the incorporated American subsidiary of an EU-owned Ltd. There is an opportunity for me to do about six months' part-time consulting work on a project for the Ltd. The work would have almost nothing to do with my stack for the Inc. side.
For various financial and business reasons, I would prefer that the consulting gig be wholly separate from the day job. My accountant says there's no real tax issue, as long as I plan to declare the additional income and am prepared for the big chunk that will go out of the consulting pay as SE tax. Fine.
But I'm thinking more about the legal and logistical issues, and what I should make sure gets put in a contract. Or any EU/UK work laws about which I might not be aware, that would make this an unattractive option for my company (I know they'd rather I just did the Ltd. work for free, or that they paid me a bit of extra compensation via Inc. instead of the fair market value of the consulting, so their eye will be toward finding reasons not to go this route). I checked my own work agreement and all it states is that I can't moonlight for third parties.
I know you're not a lawyer, and if you are you're not my lawyer, so don't worry about that (although all IAAL advice is welcomed!). Although it should probably be said that I don't intend to retain my own separate employment attorney for this, since the consulting gig isn't lucrative enough to justify the expense, IMO.
There's plenty in the AskMe archives about making the switch
from full-time employee to independent contractor, or vice versa, but not much about how to be both simultaneously (other than this one
which is mostly focused on the tax issues.). Thoughts?