Industries
If you're considering contracting or are new to it, we can assist you
Healthcare locums benefit from the flexibility of their work schedules. The medical field often demands long shifts with little downtime in between, prompting many healthcare professionals to opt for contract work. The ability to choose your own working hours and travel distances makes this an attractive option.
However, choosing a flexible and varied work life doesn't mean you should accept inflexible wages. An umbrella company manages all your finances, ensuring you get paid on time, every time, without the hassle of chasing outdated payments. This allows you to focus more on the important aspects of your work.
Medical
Engineering
Professionals in the engineering industry are increasingly choosing contracted employment. Working independently offers greater flexibility and the chance to expand your network of contacts, which can be valuable for future opportunities.
Whether you have a long-term or short-term contract, an umbrella company can help you navigate the complexities of self-employment. However, with so many umbrella companies available, selecting the right one can be challenging. An umbrella broker can ease this process by finding the ideal company for you and managing all the details.
IT
Contracting for IT services is gaining popularity due to its attractive features. Enjoying higher take-home pay, autonomy as your own boss, work flexibility, and fewer office politics are just a few of the benefits of IT contracting. In today’s society, with outsourcing becoming more prevalent, IT professionals are capitalizing on the advantages of contracting.
However, one challenge many face is managing their finances. Should you manage them independently or opt for an umbrella company?
An umbrella company calculates and deducts all taxes and National Insurance before paying you, eliminating the need for you to handle tax calculations yourself. This not only saves you the hassle of tax administration but also mitigates potential issues that may arise from managing taxes independently.
Oil & Gas
The oil and gas sector faces ongoing scrutiny, with uncertainty surrounding permanent positions in this field. Due to these factors and others, professionals in this industry are increasingly turning to contracted work. Self-employment is seen as a potentially more secure and stable option compared to traditional employment with larger companies.
However, navigating the tax and risk assessments involved in the oil and gas industry can be intricate and overwhelming.
An umbrella company can manage these complexities on your behalf, alleviating the additional stress of self-employment. They handle all paperwork, ensure timely payments, and deduct taxes and national insurance before disbursing your earnings, allowing you to make the most of your free time
Social
Working in the social care industry is both challenging and fulfilling. With long hours, unpredictable call-outs, and emotional demands, many professionals are turning to contracted work for greater flexibility. The ability to select cases and determine working hours makes self-employment an appealing option.
Even in self-employment, social care professionals often find little free time. To maximize your downtime, consider partnering with an umbrella company. They manage all aspects of your financial administration and paperwork, relieving you of additional stress in an already demanding job.
Legal
Professionals in the legal industry can all find advantages in contracted work. Whether you're a lawyer, solicitor, or legal writer, the flexibility and mobility offered by contracting present significant opportunities. Whether it's handling a unique case abroad or seeking a change from routine work, contracting could be the perfect fit.
Choosing to partner with an umbrella company offers several benefits to contractors, including potential tax savings. Utilizing an umbrella company to manage your business affairs can lead to substantial cost savings and the ability to reclaim work-related expenses.
Finance
Finance contractors understand the intricacies of money like no one else. They recognize the critical importance of accurate tax management and timely, regular payments. However, even the most diligent finance professionals may appreciate guidance from time to time. After handling clients' finances throughout the day, having your own wages and taxes managed seamlessly can be a relief.
Accountants, auditors, and financial advisors are often overwhelmed with paperwork from numerous clients. The last thing they need is more paperwork to add to their workload. An umbrella company handles all paperwork on behalf of finance contractors, alleviating additional stress and allowing them to focus on their core responsibilities.
Construction
Self-employment is gaining traction, with an increasing number of construction workers opting for this path. Whether you're a quantity surveyor seeking greater flexibility or a project manager aiming for more control over your projects, contracting could offer the perfect solution.
Enjoy the benefits of autonomy without the burden of managing your own finances by partnering with an umbrella company. They handle tax and national insurance payments, ensuring your financial matters are always in order. Additionally, they eliminate the stress of pursuing overdue payments, putting an end to uncomfortable discussions about money.
Creative
Contracting is widely favored across the creative industry, spanning from advertising to journalism. Contractors benefit from higher earnings, greater project selection, enhanced creativity, and increased recognition, making contracted employment an attractive choice for many creative professionals.
For newcomers, it can be beneficial to start with a trusted umbrella company before fully committing to self-employment. Whether you're testing the waters or bridging gaps between jobs, an umbrella company offers an ideal solution with minimal effort required. Simply submit your time sheets and expense claims to the umbrella team, and enjoy regular payments without the administrative burden.
