Reports that the UK economy has come out of recession has been met with increased confidence in the marketplace, particularly in London and the South East. The demand for IT contractors has risen significantly in 2013 as companies require skilled interim staff to kick start major projects. IT contractors with Java, C# or PHP are in short supply and are well placed to negotiate rate rises in their contract renewals.
If you are an IT developer with Java or PHP skills and have been considering a move to contracting now could be the time to make your move. IT contractors operating through a Limited company are rewarded with significantly higher pay than their equivalent full time employees, fixed term contractors or those operating through an umbrella company. Quite simply, Limited company contractors operate through the most tax efficient set up and can earn more than 50% than their full time equivalents with the right advice.
Feel free to contact us if you would like to discuss your set up as a contractor. Quite often recruiters will push first-time or inexperienced contractors to use umbrella or PAYE set ups which are not in your best interests. Belsize Accountancy are happy to advise you but we recommend that you contact us prior to signing your new contract. For more information contact us on 0207 043 0052 or use our online form on http://belsizeaccountancy.co.uk/contact-us/.