IR35
Learn about IR35, the UK tax law addressing disguised employment. Discover who it affects, how to determine your IR35 status, its impact on taxation, and the consequences of non-compliance
Umbrella Companies
Discover how umbrella companies simplify contracting. Learn how they handle tax, payments, and admin while providing employee rights like paid holiday, sick pay, and pension contributions—offering compliance, flexibility, and ease for contractors.
Why Choose Contracting?
Why contracting could be the career move that changes everything
Thinking about contracting? Whether you’re new to the idea or a seasoned professional, contracting can open doors to higher earning potential, greater work-life balance, and exciting career opportunities. As a contractor, you gain control over the projects you take on, how and where you work, and the ability to specialise in areas that truly interest you.
At Hamilton Barnes we’re here to support your contracting journey. From helping you understand key topics like IR35 compliance to choosing between managing your own limited company or working with an umbrella company, we’ll guide you every step of the way. Let us help you take the next step in your career with confidence and clarity.
Ready to explore? Let’s get started with some reasons why contracting might be the right move for you...
Enhanced Career Independence
Contracting empowers individuals to take full ownership of their career paths. Instead of being tied to a single employer’s direction or priorities, contractors have the freedom to pursue projects that align with their interests, values, and professional goals.
Performance-Based Rewards
Contractors are often rewarded directly for their deliverables, with clear, project-based objectives. Unlike some employee roles where promotions and raises are influenced by tenure or hierarchy, contractors are usually compensated based on results.
Opportunities for Remote Work
Contracting often aligns well with remote work, as many clients are open to contractors working from various locations. This can allow contractors to live in regions with a lower cost of living or simply work from wherever they feel most productive.
Potential for Business Ownership
Contracting can be a step toward establishing a personal business or consultancy. Contractors can set up a limited company or sole proprietorship, allowing them to expand their services, hire staff, and grow a business.
Skill Specialisation and Niche Development
Many contractors develop highly specialised skills, allowing them to market themselves as experts in their field. By focusing on specific areas, contractors may gain a competitive edge and build a reputation that commands higher rates.
Tax Benefits and Financial Planning
Contractors can often take advantage of tax deductions that employees cannot, such as deducting expenses related to a home office, business travel, equipment, and training. This can lead to significant tax savings, depending on the jurisdiction.
Higher Earning Potential
Contractors often earn higher hourly or project rates than employees, as they’re compensated for taking on additional risks and responsibilities. With specialised skills, contractors can command premium rates, especially in high-demand fields.
Variety and Growth Opportunities
Contractors can work on multiple projects with different clients, exposing them to a range of industries and challenges. This can help build diverse skills and networks, which may be more limited in a traditional employee role.
Flexibility and Control
Contractors have greater autonomy over their work hours, location, and the type of projects they take on. This allows them to better balance work with personal life, family, or other interests.