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The advantages of contracting are:
- Flexibility: Contractors have a lot more control over their work life often deciding when they work, where they work and how they work
- Increased earnings: Contractors are often paid more due to their skillset and the flexible nature of their working relationships. Additionally, contractors who operate through their own limited company can benefit from tax efficiencies.
- Greater development: Often working with multiple clients throughout their career, contractors are exposed to a lot of opportunities to develop their skills and build on their experience in their area of expertise.
The advantages of contracting are:
- Flexibility: Contractors have a lot more control over their work life often deciding when they work, where they work and how they work
- Increased earnings: Contractors are often paid more due to their skillset and the flexible nature of their working relationships. Additionally, contractors who operate through their own limited company can benefit from tax efficiencies.
- Greater development: Often working with multiple clients throughout their career, contractors are exposed to a lot of opportunities to develop their skills and build on their experience in their area of expertise.
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Expert Contractor Accounting from Only from £75/mo
Dedicated 1-on-1 accounting support for contractors and consultants from £75/mo. Set up a new limited company or switch accountants, optimize your take home pay, get IR35 advice and all your company filing sorted.
Contractor resources
We explain which contractor segment you might fall into. We walk through IR35 and the implications for you and how you may fall inside or outside of IR35.
- What is a contractor
- Types of contractors
- Contractor business structures
- Contractor accounting
- Understanding IR35
- Contractor insurance
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Book a free 20 minute call with an accountant to talk though starting, registering or switching your company.
- Book a time online instantly
- Registering for VAT
- Self assessment
- Sole trader vs limited company
- Dividends and personal tax
- Registering your company
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