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!
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.
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.
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.
If you are a limited company director, what is the most tax efficient salary to pay yourself in 2018/19? This depends on your eligibility to claim the Employment Allowance.
If your company has sufficient profits, they may be distributed as dividends to shareholders. What paperwork must you complete, and how are dividends taxed?
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.