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Our free guide to your working options is designed to help you make an informed decision of what is best for you.
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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.
How do you want to work?
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.
Pros and Cons
At 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.
Making sense of IR35
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. Download our free guide to IR35 here.
Once you’re set up, our Connect accounting service keeps all your essential business information in one place.
Connect is a single online portal where every strand of your business is at your fingertips. Submit expenses, track invoices, double check your tax status or see how much you can withdraw with the click of a mouse - and because Connect is updated every day, you know you’re looking at the very latest financial information.
Striking out on your own can seem daunting at first, but with Brookson you’ll never be alone. We’ll be there to help you deal with everything from administration to your tax obligations and finances.
Enquire about your working options as a contractor
Call us today on 0800 230 0213 or fill in the form below and one of our advisors will be in touch.