Contracting in the Media and Creative Industries

In the UK, the creative industries have enjoyed considerable growth over the past few years. With a growth of 50% since 2010, it's easy to see why many contractors and freelancers are ditching permanent employment in favour of taking charge of their career.

Do you have a creative flair? There’s a good chance you will have considered contracting but aren’t too sure how to go about it. Our guide will provide a few hints and tips to help you get started.

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The benefits of contracting in the creative industries

Becoming a contractor could be one of the best choices you make, plus there's plenty of benefits:

The downsides of contracting in the creative industries

Contracting has many benefits, but there are a few negatives to point out.

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Get in touch to find out more about how contracting could benefit you.

Ways of working as a contractor

Some contractors test the water by continuing in their permanent employment whilst freelancing on the side to get themselves set up. This is certainly a good option, particularly if you’re new to contracting, but it’s best to inform your employer in case you have any restrictions in your contract.

As a contractor, you have the option to work in a number of ways, these include:

  1. Through an umbrella company: You’ll become an employee of the umbrella company, so this is similar to working as a permanent employee.
  2. Setting up a limited company: This is the most tax-efficient way of working, meaning you’ll take home the most from your contract.

Looking to pay less tax?

Find out how to maximise your take-home pay and become a successful contractor in our free guide. Also covered in our guide is:

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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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