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| CURRENT SECTION :: First Timers Guide | |
 
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1. Is contracting the life for me? In this guide we explore the advantages and disadvantages of contracting and give 10 qualities that make a successful contractor. 2. Why companies employ contractors – A contractor's view The advantages and disadvantages of hiring contractors from a client's perspective. 3. Researching your market How to ascertain demand for your skills and sell your strengths. 4. How to write a good CV Your prospective employer will very likely be bombarded with CVs for any given vacancy. We tell you how to make the best of your CV. 5. How do I find a job? Online searching There are several key ways to find your first contract role. This section helps you on your way if you're new to contracting. 6. How do I find a job? Networking and offline searching "It’s not what you know, it’s who you know" and other ways to keep off the bench. 7. Setting up your company - Limited, Umbrella or PAYE? An overview of the different options available to you and advice on the best way forward. 8. Limited or umbrella? Making the right choice Simon Dolan, managing director of SJD Accountancy, explains how making the right choice between a limited and umbrella company can affect your take home pay. 9. Your first contract Once you have secured your first contract role, agreed a rate and a start date, a contract needs to be signed... 10. I've got my first contract, now what about IR35? Congratulations! You’ve done the hard bit. We now need to consider IR35. Click here for our guide, together with details of how to get your contract expertly reviewed. 11. IR35: the end of a dream - A contractor's view 2001 saw with the introduction of the now famous IR35, more politely called the "Intermediaries legislation." 12. S660 'income splitting' and Managed Service Company legislation – What's it all about? A brief overview of how these laws affect you as a contractor. 13. Financial Matters - No nonsense summary! To put it simply... If you are working through a limited company, you will pay yourself a monthly salary (many take a small salary). Those caught by IR35 will pay themselves a 'deemed salary'. 14. Financial matters - IT contractor insurance There are various insurances that you might need, but Professional Indemnity is the must have for most contractors these days. 15. Do I need an accountant? If you have decided to trade through your own Limited Company then you really ought to have an accountant to help you with the various forms, obligations, taxes etc. 16. Timesheets & Invoices As a contractor, you will be required to fill in timesheets detailing the work you have done for the Client, and the number of hours or days you have worked in a given time period. Your manager or team leader will typically authorise your timesheet. 17. Financial matters - Can I still get a mortgage as a contractor? The answer is yes, and sometimes with deals better than you could get as a permanent employee! Click here to find out more. 18. Final considerations So, you’ve found your job, beaten IR35, got yourself an accountant and started trading. What else is there? Well, what about training to keep your skills up to date, what happens if you get sick etc. Click here for ways to mitigate these challenges. You should seek advice from a professional advisor before acting on any information contained in our First Timers Guide
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