Contractor’s Guide

Deciding to work for yourself is an exciting step in your career and one which very few regret. When you make the first step into self-employment, there’s a lot to look forward to in your future, but there are also a number of considerations which you will need to think about before you begin.

If you’re thinking about contracting and you’re in the early stages, research is key. Our comprehensive guide to contracting is here to help.

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How should I operate?

How you choose to operate could impact your level of responsibility, the work you take on and your take-home pay.

Your situation will ultimately dictate which route you should take, but there are generally three different routes to self-employment - limited company, umbrella company and sole trader.

If you meet certain criteria such as having a contract outside the scope of IR35 and have earnings of around £35,000 you should consider setting up as a limited company contractor.

How do I get started as a limited company contractor?

Making the move into contracting and going limited can be a simple process:

Why should I go self-employed?

If you’re thinking about becoming a contractor, here’s a couple of good reasons:

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How can SJD Accountancy help?

Appointing an accountant can save you time and stress when starting up on your own. If you would like to speak to someone about any of the above information or any other queries you may have, arrange a callback and a member of the team will be in touch.

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Call our best advice team on 01925 597 051.

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If you're already a client of ours, you can speak to your dedicated accountant directly.

Alternatively, call us on 01442 353 466.

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