Preparing for Your Summer as a Contractor

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It’s that time of year again: schools are closed for the summer and families are packing their bags ready to jet off on holiday. But if you’re a limited company director, it may not be as easy for you to take time off work. With such a level of responsibility, there are greater demands on your time as a contractor and putting down work can be near impossible at times.

But Clearsky are here to help. We’re sharing our top tips to ensure that you enjoy that well-earned holiday and take the time you deserve away from your contracts.

Make your plans as early as possible

Planning and booking your holiday as early as possible means that you can start making preparations, making contracts easier to work around. Having plans cemented early also makes it less likely that you will change your plans later on down the line.

If you have employees, you should inform them of your plans so they can make the necessary arrangements in your absence. Knowing that your company is in safe hands can help to make that time off more relaxing and you may also be able to delegate some of your workload.

Let your clients know your plans

Similarly, you should inform your clients of your plans to take time off as soon as you can. Not only will this give them time to make plans around your schedule, it will also make you appear more professional.

Letting your clients know in as much time as you can mitigates the risk of not being able meeting any tight deadlines as you will leave yourself with lots of time to get everything done. If you have a lot to do, you could agree to put in some extra hours on approach to your holiday. A nice bonus is the extra spends you’ll have.

Have contracts in place when you come back

Contracting, by nature, is more flexible than employment, so you can ensure that you have the best working conditions to come back to. Make sure you have a clear plan of what you need to do when you get back and ensure that the work pool doesn’t dry up in your absence. The world won’t stop in the time you’re away, but it’s reassuring to know that you have a plan lined up for your return.

Make sure your finances are in order

As a contractor, you won’t get paid for the time you take off, but that doesn’t mean you can’t plan ahead. By setting a budget for yourself ahead of time, you can ensure you know exactly how much you’ll need for your holiday and avoid overspending.

You should make sure that you are up to date on all paperwork and taxes. Knowing that everything is up to date will make it easier to switch off and there won’t be any nasty surprises when you come home.

Help from Clearsky

Clearsky can help with your finances, leaving you with more time to focus on what’s important. Our expert accountants are here to provide all of the support you need and are always on hand to answer any of your contracting questions.

For more information about how we can help, or if you have any questions, you can contact our team on 0800 464 0378 or email enquiry@clearskyaccounting.co.uk.

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