ACCOUNTING FOR CONTRACTORS
You are defined as a contractor if you work under contract for somebody else for a fixed period to help them complete a project. There are several reasons that you might choose to become a contractor- money being one of them. However, it is important to understand that being a contractor is very different from being employed. Contracting offers far more financial freedom and independence than permanent work however at the same time you are very much responsible for your own successes and failures.
Once a contract is secured you would need to decide how you want to work. There are two main options available;
The route you decide to take depends on your individual circumstances, however, working through a limited company is probably the most tax efficient way of working.
If you are unsure about which option is best for you then get in touch with us and we will help you through the entire process of setting up and getting settled in as your contractor Accountants.
HOW DOES IT WORK (WHAT’S INCLUDED)
BENEFITS OF AIMS BUSINESS PARTNER
Benefits of using AIMS Tax Partners are;
Contact either Awais – firstname.lastname@example.org or Tania – email@example.com and we will arrange to chat to you first, send you more information on our services and set up an introductory free consultation.
During this consultation, we will apply our work principles, identify structure, growth opportunities, provide you solutions to your contracting.