Whilst the perks of contracting may differ depending which business structure you choose. At ClearSky Contractor Accounting, we’re not shy when it comes to shouting about them.
Working for yourself is sometimes deemed as a risky option. Whilst in reality this couldn’t be further from the truth, choosing to go it alone after university can raise a few eyebrows from parents or flatmates. As always, we’re with you all the way, so we’ve listed a few of the contracting perks you will be enjoying, so you can put a stop to the concern and instead watch as they go green with envy.
If you choose to work as a limited company director, you can make the most out of tax efficiencies. Being able to pay yourself a combination of salary and dividends, claim capital allowances and getting tax relief on charitable donations made through your limited company are an example of the ways you can improve your tax efficiency as a limited company director.
Depending on the type of work you do, it’s likely that you’ll be able to choose your own working hours and location. Whether that’s in a local café on a windy day, beside the beach when the sun is shining or in a co-working space, it’s up to you where you choose to work.
Read our guide on creating your perfect WorkStyle here.
Getting to and from work, buying lunch and paying for work related travel are expenses that most of us incur on a regular basis. Unfortunately permanent employees cannot claim these expenses back; if you’re self-employed, you can. To see a snapshot of the things you may be able to claim back as a reasonable expense as a contractor, see our limited company expenses guide.
They say that variety is the spice of life. Sometimes when you’re a full-time employee, the day to day can get a little samey. When working as a contractor, the work you complete will vary from contract to contract. Even if you choose to specialise in one sector, it will surprise you how much the work can vary for different organisations.
Be your own boss
Saving the best until last; the biggest perk of contracting is the fact that you’re your own boss. There’s no one to tell you what to do, when to do it or to dictate your working day.
How can ClearSky help?
Our team of expert accountants have helped thousands of contractors realise the perks and benefits that being self-employed can bring. When it comes to contracting, ClearSky are with you all the way.