Once you’ve decided that IT contracting is the life for you, what happens next? Here are the 10 steps you’ll need to take to become an IT contractor, from leaving your permanent job, to dealing with taxes, accountants and recruiters.
Our Key Guides
Here is a selection of the most popular and relevant contractor guides we have on the site. If you're new to contracting, this is the best place to start!
If your company has sufficient profits, they may be distributed as dividends to shareholders. What paperwork must you complete, and how are dividends taxed?
You’re unlikely to go through life as a contractor without having to negotiate some tricky situations along the way. The key is to steer clear of making mistakes which are easily avoidable, if only you’d known in advance.
How to work out the best way to remunerate yourself as an IT contractor. What is the most tax efficient salary to pay yourself in 2015/16?
Which type of business structure should you use? A basic overview of how limited and umbrella companies work, and some of the pros and cons of using each stucture.
An overview of the Intermediaries Legislation (IR35), specifically how it affects limited company contractors. How to determine your risk of being caught by IR35, and how to protect yourself against a potential HMRC tax investigation.
The contract rate you can command is affected by a number of factors – both market-driven (the state of the economy, your location, and skills), and individual ones, including your individual powers of negotiation.