Contracting is different to working as a freelancer, although the two have much in common. Whereas freelancers tend to work for multiple clients on a range of projects at once, contractors generally have one client at a time for either a defined length of time or the duration of a specific project.
Whether you’ve already decided to go it alone as a contractor, you’ve just left your old job or even if you’re still thinking about taking the plunge into self-employment, you’ll have to make some decisions.
Choosing your way of working is often the biggest step. Many contractors choose to form their own business, working as a sole trader or setting up their own limited company, but this isn’t right for everyone. Plenty of others decide they’d rather join an umbrella company or get paid directly through a recruitment agency.
Often, making this decision is a question of balancing the risk and responsibilities you’re willing to take on. Some options will have lower operating costs than others, but they may also offer less protection if things go wrong.
Our free guide to choosing your working options is a good place to start. It’s full of useful insights into running your own business, however you decide to go about it, and it also explains how Brookson can help you stay on top of your accounts.
Our free guides provides a jargon free overview of the Brookson services.
Guide to Working Options Guide to Limited Company Working Guide to Umbrella EmploymentAt Brookson we have years of experience in guiding contractors through the highs and lows of working for yourself. We’re in a prime position to give you honest, reliable and friendly advice to help you make the decision that’s best for you.
We can talk you through the pros and cons of each option and give you all the information you need to make an informed choice.
We’ll never try to steer you in any one direction - we want to make sure you have everything you need to make the decision that fits your circumstances.
Of course, we’ll also help out with the form-filling and administration when you’re just starting out, as well as pension planning, tax and insurance. We’ll make sure that everything is in place to help you make the most of life as a contractor.
With our pioneering Connect technology, friendly service and insightful advice, we can take away some of the hassle and worry of managing your freelancer accounts, so that you are free to focus on what you do best – finding new clients and delivering great work.
With Brookson by your side, you can be reassured that you will never be on your own when it comes to your finances, tax obligations or administrative responsibilities.
If you decide that setting up a limited company is best for you, you need to be aware of what IR35 legislation might mean for your business.
There’s no need to worry - our IR35 specialists will guide you through the maze of this complex law.
If that doesn’t set your mind at rest, we offer limited company contractors unlimited IR35 Compliance Reviews as standard.
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