Making the change from a permanent employee to become a contractor is a move that many skilled and experienced workers take. Better earnings, career development and greater flexibility are just a few of the reasons why so many employees are keen to look into contracting.
Working as a contractor is a rewarding experience, with many opportunities to grow and develop in your field of expertise. Most contractors make the move from employee to contractor because contracting offers an exciting new career choice and the chance to enhance your professional development.
There are different payroll options that you can choose from when working as a contractor. The options include setting up and operating a limited company or working through a PAYE operation such as an umbrella company. However, you are not limited by choosing one or the other, some contractors choose to use an umbrella company first and then when they are confident with the contracting process they then set up and run their own limited company. Of course, both options are suited to different individual circumstances.