Contractor numbers continue to rise

by SJD Accountancy on September 19, 2014

Contractor numbers continue to rise

Working as a contractor was once an unusual way of earning a living, associated with increased risk and a slim chance of becoming and remaining successful.

How times have changed! Traditional employment is now taking a back seat, with the contracting workforce continuing to outgrow permanent employment by 3-1 in the last decade.

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SJD AccountancyDespite still only being September, talks of Christmas have started already, with new research indicating that small firms, such as Limited companies, could miss out on almost £88 billion this Christmas by not being online.

Latest research from Sage Pay have predicted that online spending over the Christmas period is set to reach a record figure of £13 billion, which goes to show just how vital it is for the UK’s smaller sized businesses to get online as soon as possible in order to take advantage of this.

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SJD AccountancySmall business owners, such as Limited company contractors, will be pleased to hear that the UK’s smaller firms are becomingly increasingly confident about their future prospects as business activity continues to rise.

Here are some of the latest contractor news stories:

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According to recent findings, only a quarter of small business owners, such as Limited company contractors, are ‘internationally active’.

The latest research ‘Great British Export Report’, carried out by FedEx Express, revealed that despite only 25% of UK small and medium-sized businesses being ‘internationally active’, 35% said reaching new markets is critical to their success.

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Contractors working in the construction sector could find themselves in demand as the industry continues to thrive and businesses look to fill skills shortages.

Here are some of the latest contractor news stories:

Construction contractors could benefit from rise in new projects

Recent findings from construction intelligence providers, Genigan, have predicted a 7.4% increase in project starts during 2014.

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