If you’re an employed engineer, you might like to consider becoming a contractor. Here are just some of the benefits:

  • More take-home pay.A contracting engineer can earn 100% more than a permanent employee doing the same job. Sometimes you'll earn even more than that.
  • Flexibility.With more money you can afford to work more flexibly and take time off. And because you can pick and choose your projects,you’ll have the flexibility to plan your free time your way.
  • Experience. With the variety of projects you undertake, you’ll build up a wide range of knowledge and skills.

As with any contracting job, you must decide your business structure. You have three basic options:

  • Umbrella company. This is similar to working as an employee but has the flexibility of a freelance
  • Self-employed. Use your own contacts to get work, and complete your own tax returns yearly.
  • Limited company.Set up your own limited company.The most tax-efficient way. You'll take home more money.

Whichever route you take, Skytax can help. We provide accountancy advice and help for all contractors within the profession. This includes engineers who work in aerospace, nuclear, oil and gas, rail, renewable energy, and more

We’re committed to delivering an outstanding accountancy service to all our clients. We have helped more than 10,000 contractors so far.

All our clients receive:

  • A personal accountant.
  • Communication that is right for you - face-to-face meetings, Skype, phone or email.
  • Highly competitive fees.
  • Money-back guarantee.
  • Expert advice for everything financial.
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