Contracting: Difference between revisions
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'''The Pros:''' | |||
<ul> | |||
<li>More money then an employee doing the same job as a PAYE worker.</li> | |||
<li>Flexibility to change jobs quickly.</li> | |||
<li>Ability to move between different types of work, and constantly learn new things..</li> | |||
</ul> | |||
'''The Cons''' | |||
<ul> | |||
<li>No Health insurance, pension, etc unless you get it yourself.</li> | |||
<li>The expectation that you can "hit the ground running", you're hired to be more productive then an unexperienced worker, and | |||
you'd better deliver. </li> | |||
<li>Occasionally there can be periods of unemployment in between contracts.</li> | |||
<li>Occasionally, resentment from full time employees. "Contractor scum. Getting paid twice as much for the same job I do..."</li> | |||
</ul> | |||
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== What do I do about tax? == | == What do I do about tax? == | ||
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4 | 4 | ||
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Revision as of 16:53, 11 December 2005
This article is a basic FAQ about contract work.
- Whats the difference between working as a contract and a standard (PAYE) employee?
- What are the risks involved in contract work?
- I want to get into contracting. What type of company do I need to set up?
- What do I do about tax?
Whats the difference between working as a contract and a standard (PAYE) employee?
The Pros:
- More money then an employee doing the same job as a PAYE worker.
- Flexibility to change jobs quickly.
- Ability to move between different types of work, and constantly learn new things..
The Cons
- No Health insurance, pension, etc unless you get it yourself.
- The expectation that you can "hit the ground running", you're hired to be more productive then an unexperienced worker, and you'd better deliver.
- Occasionally there can be periods of unemployment in between contracts.
- Occasionally, resentment from full time employees. "Contractor scum. Getting paid twice as much for the same job I do..."
What are the risks involved in contract work?
2
I want to get into contracting. What type of company do I need to set up?
3
What do I do about tax?
4