When deciding between contracting via an umbrella or limited company, the main factors to consider are typically; the tax differences between the two structures, your IR35 status, and how much perceived ‘paperwork’ is involved. One service provider says that 50% of umbrella company contractors would be better off by incorporating.
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contractor
Industry body, PCG, has warned that Government proposals to clampdown on the use of limited companies by contractors and consultants could result in significant job losses.
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Once you’ve decided to become a contractor, there are a number of steps you will need to take before you can embark on a successful contracting career.
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If you thinking about becoming an IT contractor, you need to ensure that you are the type of person who will thrive outside the world of permanent employment. Here we look at the main differences between contract and permanent work.
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