New to contracting

First time as a contractor? Looking for guidance and reassurance? Read on and discover Norla’s step by step guide to contracting.

What are your options as a New Contractor?

So you’ve decided to make the jump into the world of contracting. The benefits of being your own boss, having the freedom to choose when and where you work and above all the opportunity to earn significantly more money, are all too good to pass up. Well, congratulations you’ve done the hard part and made the decision, now it’s time to start planning.

One of the first decisions any contractor needs to make is how to structure their new business. This decision has long been affected by the introduction of IR35, a piece of legislation introduced to tackle tax and National Insurance (NIC) avoidance schemes. HMRC's view was that many IT consultants and freelancers were often treated as self-employed, when really they should have been treated as employees of the end client, and therefore should have tax and NIC deducted from their earnings. For a detailed explanation of the IR35 legislation along with information on how to determine if it will affect you please read the Contractor UK IR35 Compliance guide.

Our approach to contracting has been developed for contractors by contractors and seeks to offer comprehensive guidance on every aspect of becoming a successful contractor.

For a no obligation discussion contact us on 0844 800 6982 to speak to our customer services team