Contracting in the engineering profession has been commonplace for a long time. That's because there are clear benefits for both the contractor and the employer. As far as you, the contractor is concerned, you can expect:

 

  • More take home pay. As a contracting engineer you can earn 100% more than a permanent employee doing the same job. Sometimes you'll earn more than that.
  • Flexibility. With more money you can afford to take more time off. And because you can pick and choose the projects you work on,you have the flexibility to plan your free time in a way that suits you.
  • Experience. With the variety of projects you undertake, you’ll build up a better range of knowledge and skills.

 

As with any contracting job, there are things to take into account. Initially, you must decide how you are going to operate your business. The two basic choices are:

  • Umbrella company.This is the most similar route to working as someone’s employee.
  • Self-employed. Use your own contacts to get work, and fill in your own tax returns yearly.

 

If setting up a limited company is the route for you, Accounts Direct can help. We provide accountancy advice and help for all contractors within the profession. This includes engineers who work in aerospace, nuclear, oil and gas, rail, renewable energy, and more.

 

 

 

Accounts Direct is committed to delivering an outstanding accountancy service to all our clients. We have helped over 2,000 to date. All have benefitted from:

  • A personal accountant
  • Face-to-face meetings
  • Highly-competitive fees
  • Money back guarantee
  • Expert advice at every turn

Next Step:

Please contact us if you need further advice, have any questions about our services, would like a free consultation.

Speak to us today. Call: 0333 5775 332 or Email: info@account-direct.com

Limited company
sole trader
start ups and small businesses
Contractors
Free guides
Calculators