by SJD Accountancy on May 9, 2013
The recent Association of Professional Staffing Companies (APSCo) research has shown that continued infrastructure investment has resulted in increased contractor opportunities within the engineering sector.
APSCo, the professional body that represents the interests of recruitment organisations, found that permanent placements and vacancies have fallen over the years, whereas the contracting market saw placements rise by 2% compared to this time last year and by 1% compared to just two months ago.
Click Here for more >
by SJD Accountancy on May 3, 2013
Contractor or Permanent Employee?
There will be many people who would like to move into the world of contracting but are not sure of whether this type of lifestyle will suit them.
With most things in life there are of course positives and negatives, and the same goes for contracting, as it will not suit everyone’s lifestyle.
The main positive is that contractors can potentially earn more than their permanent counterparts. For example, an average contractor rate can easily be double that of a permanent employee and you are able to claim back on business expenses, which remain tax free, meaning that you will only need to pay tax on your profits.
Click Here for more >
by SJD Accountancy on May 1, 2013
One of the many benefits of working as a contractor is being able to potentially earn more money than a permanent employee. And, when you take into consideration that contractors are not entitled to the same benefits as a permanent employee, such as holiday pay, sick pay and pensions, being able to earn more money is only fair…
When you do find an IT contract, you will need to negotiate your rates, which can usually be settled on either a daily or hourly basis.
As there are no fixed rates when it comes to IT contracting, it will be up to you to have a starting rate that you are happy with, which can then be discussed with your client until both parties agree.
Click Here for more >
by SJD Accountancy on April 26, 2013
Trading through your own Limited company is one of the most tax efficient ways of working and can typically see you taking home around 75%-80% of you contract.
By working as a Limited company contractor, you will need to pay two different types of taxes – one lot for your Limited company and another for yourself. This is because you are seen as a completely separate entity 
to your business.
Click Here for more >
by SJD Accountancy on April 19, 2013
Once you have made the decision to become a contractor, you will then need to choose whether you’ll be trading through an umbrella company or your own Limited company.
As with most things in life, there are both pros and cons to umbrella and Limited companies, however, there will usually be one that will suit you and your needs best…
Limited company
Trading through your own Limited company can certainly be a rewarding way of contracting, as you will be in compete control of running your very own company.
Click Here for more >
The recent Association of Professional Staffing Companies (APSCo) research has shown that continued infrastructure investment has resulted in increased contractor opportunities within the engineering sector.
