contracting
Entering the world of contracting can bring with it a number of positives as well as negatives. Once you understand the practicalities involved with this change of lifestyle, you will find that you will either love it or hate it.
Contractors will find themselves working as a limited company or through an umbrella company, normally for a short term and usually for the following reasons:
- Project completion
- Short term business requirements
- Covering long term sickness or maternity leave
Contracting brings an increase in freedom and variety of work that permanent work simply cannot offer. A contractor could themselves working in a financial organization in Glasgow one week and then a technology company in Australia the next. Unfortunately this type of work also brings with it an increase in uncertainty of schedule and maybe more importantly, paperwork.
If you are thinking about or are just starting out in contracting and are wondering what to do next, our articles below will let you know more about what is involved as well as the different types of limited company options, tax implications and IR35 rulings.