Chartered Online Accountant works with a variety of consultants, contractors and freelancers from a range of industries.
If you are thinking of moving from permanent employment to contracting or freelancing, you must consider your options, for example if you set up your business as a limited company, PAYE umbrella company or as a sole trader.
Being a contractor is very different from being employed and for some may be the perfect option but contracting doesn't come without its fair share of risks and challenges. Generally, as a contractor if you work for a company for a fixed period under a fixed contract, you will essentially be selling your skills and time and usually be paid by the hour. Anecdotal evidence suggests that although contracts are for a fixed time they are often extended but it is always your choice whether you stay or move on to your next contract. Many contractors work for the same company for years and other than a few small tax implications regarding travel costs to and from work, this is perfectly legal.
- Advice on contracting through your own limited or PAYE umbrella company
- Company formation
- IR35 Advice
- Annual Accounts
- Procedures and systems advice
- Personal tax returns
- Business plans
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