Few who decide to become IT contractors live to regret it thanks to the greater financial and personal freedom they enjoy; but that doesn’t mean there aren’t any risks involved.
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Although most professional contractors work via limited companies, a significant percentage prefer to (or have to) work through umbrella companies. Here we look at the pros and cons of contracting via an umbrella.
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If you are thinking of working as a freelancer or a contractor via your own limited company, you need to very quickly get a basic understanding of the IR35 rules. (more…)
According to the Oil & Gas UK Workforce Report, there are around 280,000 people working offshore in the UK alone.
If you’re interested in a career working offshore, whether it be on an oil rig or working, research vessel, or servicing and installing wind farms, here are eight things you’ll need to know before you dust off that CV and start applying. (more…)
Alongside freedom, the potential financial benefit associated with contracting is a prime motivator for many people thinking of working for clients as an independent worker.
One of the first things people ask is: “what hourly / daily rate should I charge as a contractor?”
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Making the decision to go it alone and leave the relative security of life as a PAYE employee is a big one, but it can pay dividends (quite literally) when it comes to your potential earning power.
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The gig economy is one of the UK’s fastest-growing ways of working. According to IPSE, the body representing UK freelancers, there are now around 1.9 million freelancers in the UK alone.
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If you’re currently working for someone else and have a particular expertise, you might be considering a move into freelancing. It’s a popular way to move from being an employee to being your own boss. (more…)
“Time is money” isn’t just an adage when running a small business, it’s a way of life. When your business model is to sell your time and expertise, it’s important to monetise every moment of every working day.
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Which is best? – sole trader, limited company, partnership or LLP?