Contractor interview: sue builds a better life contracting

IR35 Test

A few years ago Sue and her husband decided to make a change for the better in their lives. Sue wanted to live in a much nicer place, but she didn't want to quit working. Sue's husband transferred his work to a permanent IT job in the West Midlands and Sue gave up her permie job, which she had been at for ten years, to become a contractor.

Never Regretted Contracting

''And I've never regretted it,'' Sue insists. ''The flexible lifestyle one enjoys in contracting--making my own hours, running my own business the way I want to--is the greatest reward.'' Sue hated office politics as well, and becoming a contractor, as Sue explains, allowed her to concentrate on the work and forget all the silliness around the office.

Now Sue and her husband not only have successful careers, but they have started their own company called SliQTools Ltd producing Invoicing Software, it offers a rather inexpensive alternative to small businesses for billing. Sue and her husband hope to build the invoicing software business into a big, successful company, and they're off to a good start.

The flexible lifestyle one enjoys in contracting--making my own hours, running my own business the way I want to--is the greatest reward

Sue-SliQTools

Built Up A Business

Sue is an accountant, and she was able to get started in her contracting by working for the firm where she'd had a permanent job in the past. ''I was able to get them to let me telecommute for much of it,'' Sue says, ''and to just go to the firm's headquarters a few times a week. Part of my work also involved travel to Germany, so I could continue to do that anyway.''

With a good start on this contract, Sue gathered a few more contracts around the area she was now living in. She works at home most of the time, using her own equipment, and she thrives on the challenge of running her own company and managing 3 small boys.

Marketing Is Key

''Knowing how to market yourself is one of the key skills a contractor should have,'' Sue points out. ''If you expect to grow your business, you have to be able to communicate why you are good at it, and that working with you will be a great advantage to potential clients.'

Being an accountant, Sue is watchful about the paperwork connected with contracting. She warns contractors that they should make every effort to keep up with their administration. The software package SliQ Invoicing & Quoting has been designed to ease some of the admin for small businesses and contractors. It’s inexpensive and very easy to use. ''It's terribly easy to fall behind and to let the paperwork slip, but this will surely lead to problems in the future.'' Administration has to be treated like part of the job. Sue also warns contractors to be careful in the treatment of expenses, to always document them as carefully as possible. ''It's better to be safe than sorry.''

I don't think I could ever have achieved starting a separate business while working a permanent job

Sue-SliQTools

''It's great that contracting has permitted us to start our own separate business, one that we can work at just for ourselves,'' Sue adds. ''I don't think I could ever have achieved that while working a permanent job.''

Published: Monday, April 28, 2008

© 2010 All rights reserved. Reproduction in whole or in part without permission is prohibited. Please see our copyright notice. If you want to use any content you have seen on this site then please request our media pack and ask for details of our Content Licencing Service.


Readers Comments...


  
Bookmark and Share
  
     
  

Latest Site Updates

IR35’s replacement isn’t a simple legislative game – it’s Guess Who? with 1.4m people IR35’s replacement isn’t a simple legislative game – it’s Guess Who? with 1.4m people

Because flexible workers come in all shapes and sizes, and are given various labels in different sectors, creating an IR35 replacement won’t be easy.

New online Employment Status Tool to help contractors navigate IR35 and beyond New online Employment Status Tool to help contractors navigate IR35 and beyond

Contractors and freelancers can freely access a reliable online tool providing a highly accurate interpretation of their employment status.

An IR35 replacement will be a challenge An IR35 replacement will be a challenge

The Office of Tax Simplification’s search to find a successor to IR35 that might please all presents a huge, potentially insurmountable, challenge.

ContractorCalculator: Contracting news in brief ContractorCalculator: Contracting news in brief

News this week includes HMRC to be “less combative”; ongoing demand for IT, offshore and energy contractors; and public sector pain begins.


  
     

  
  

Advertisers

DarwinPay AM Limited InniAccounts ContractorCalculator Marketplace IR35 Test
  
Contractor accountants - pricing checklist
  

Advertisers

Contractors Handbook

The expert guide for UK contractors and freelancers

Darwin Pay - up to 88% Return

Contractors can take home up to 88% of the contract safely.

Parasol - get paid quicker

4 payrolls a day. Calculate your take home pay now.

Bedouin Group

No more IR35. Retain up to 85% of your earnings.

PCG Bedouin Group D J Colom Accountants Contractor Financials NewsNow
  
Contractors Handbook

  

The UK's leading contractor site. Independently audited traffic (ABCe) – 126,578 monthly unique visitors.