Contracting
Why choose to become a contractor with Connect Energy?
If you are the type of individual that enjoys being your own boss then becoming a contractor could be for you.
As a Contractor you decide who you work with, what work you do and when you do it!
You simply tell us:
- When you are available
- What type of work you want
- The duration of contract you require
- The location you want to work in
We will then find the right contract for you!
Benefits of contract work:
Variation
Location of work, the environment you work in and the people you work with will differ with each contract placement you accept, giving you the variety which permanent roles can’t offer you.
Pay
Rates are often higher in contract placements than permanent ones as the rates paid will take into account the short term nature of the contract and lack of benefits such as holiday or sickness pay
Travel
Our Clients are located worldwide which means you have access to fantastic global opportunities.
Tax benefits
The IR35 tax ruling benefits Contractors. Visit www.hmrc.gov.uk/ir35 to find out how.
Demand
The trend of using freelance work forces has increased dramatically in recent years and looks set to continue.
Things to Consider:
Before committing yourself to contracting, there are a number of areas you may want to look into. These include:
Security
Contract work can mean there are periods of time where you are between contracts and looking for your next project which can impact on your financial security. It also means that you lose your entitlement to benefits such as holiday pay and sickness pay which permanent roles offer.
Travel
If you are working for yourself you may need to travel to find work. This could mean having to stay away from home for extended periods.
Getting Started:
As a Contractor you will be responsible for all your company tax and accounting issues including the preparation of accounting records and the maintenance and administration of all tax and National Insurance contributions.
There are two ways of setting yourself up as a Contractor:
Option 1: Setting Up a Limited Company
If your intention is to become a Contractor for any length of time, creating a Limited Company of your own may be the best option for you. For a comprehensive guide on everything you need to know about setting up a Limited Company and information on what your responsibilities are, please visit:
www.companieshouse.gov.uk
www.inlandrevenue.gov.uk/ir35
We would also recommend that you seek independent advice, prior to making your final decision.
Option 2: Working through an Umbrella Company
The benefit of working through an Umbrella Company is that they specialise in providing services to temporary workers, freelancers and contractors. The range of services they normally provide will include back office functions from timesheet management, billing and payroll solutions and all contract management.
For more information go to www.inlandrevenue.gov
For further advice on becoming a contractor, you can contact us and our Administration Team will gladly provide you with any additional information you may need. Alternatively you can find out more or download further information from our Candidate Resources section.