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Contracting mindset tips: contractors are not paid the same as employees
Contractors are responsible for paying employment costs and taxes themselves so employee salaries and contractor fees are not directly comparable.
�a week, do you know how you would calculate what contracting day rate you need to secure the equivalent take-h� �means you can’t directly compare hourly or daily contract rates with employee salaries. Do you know how muc�
Category: Articles: Contracting Mindset Tips | Thu, 28 Oct 2010

Contracting mindset tips: contractors can claim expenses formerly paid by themselves
Contractors claim expenses out of pre-tax earnings and offset these costs against profits, thus reducing tax. Employees pay out of their own pockets.
�Once you start contracting, you can claim business expenses in a way that pe� �employee come directly out of your fees when you contract and can help reduce your tax bill. How would you�
Category: Articles: Contracting Mindset Tips | Mon, 01 Nov 2010

Contracting mindset tips: Agencies & clients can’t change terms & conditions at will
Contractors have an agreement with their client to supply certain services in exchange for payment, so any changes in terms must be mutually agreed.
�agreeing a rate. If you are paid by the day, with contracted core hours of nine to five, and then your client� �As a contractor, you have a contract that details exactly what service you provide to�
Category: Articles: Contracting Mindset Tips | Mon, 14 Feb 2011

Contracting mindset tips: clauses preventing you bypassing agencies are enforceable
Restrictive covenants stopping contractors working direct for clients are enforceable & protect the investment agencies have made brokering the deal.
�e covenants in the contract that prevent you from contracting direct with the client . These covenants are enfo� �markets for their ‘roster’ of contractors. These contracts might otherwise not even exist, if it were not fo� �agencies to include restrictive covenants in the contract that prevent you from contracting direct with the�
Category: Articles: Contracting Mindset Tips | Tue, 01 Mar 2011

Contracting mindset tips: If you don’t like it, just quit and move on
Contractors can develop skills allowing them to pick great assignments, enabling them to quit contracts that aren’t challenging or enjoyable.
�ested in developing expert skills to enhance your contracting career and, when these are in greater demand, the� �work, can simply choose to quit and find another contract. Would you hang around for more abuse from a bull�
Category: Articles: Contracting Mindset Tips | Thu, 07 Apr 2011

Contracting mindset tips: flexible contracting income allows a choice when paying tax
Contractors have a degree of flexible control over how they manage their contracting income and when to pay tax, which employees can’t possibly have.
�deductions like ‘employee NI’ and ‘employer NI’. Contracting income is much more flexible, allowing you greate�
Category: Articles: Contracting Mindset Tips | Tue, 12 Apr 2011

Contracting mindset tips: deliver what you promise or expect to pay the price
Contractors should always deliver what they’ve committed and contracted to deliver; if they fail to, they should expect to pay the price – literally.
�Employees have employment contracts and multi-levelled disciplinary procedures before� �hey get fired. Contractors have a legally binding contract for services, so if they don’t deliver, the clien�
Category: Articles: Contracting Mindset Tips | Tue, 12 Jul 2011

Contracting mindset tips: think in terms of the value you can offer your client
Contractors often sell their technical skills and expertise, yet clients are more interested in the value a contractor can add to their organisation.
�just on their specific expertise, will win better contracts. Are you interested in the model of blowtorch you�
Category: Articles: Contracting Mindset Tips | Mon, 05 Sept 2011

Contracting mindset tips: you’re responsible for managing your career, not the client
Contractors are responsible for managing their own careers. Attempts by clients to do so must be resisted or contractors could pay tax as employees.
�n a project that was not included in the original contract. Because it’s appraisal time of year, or because�
Category: Articles: Contracting Mindset Tips | Fri, 23 Dec 2011

Contracting mindset tips: failure to consider the opportunity cost can be expensive
Contractors are often tempted to take contract offers below what they’re worth, but the opportunity cost can end up being more expensive than waiting.
�ailing to consider the opportunity costs of their contracting options may be making costly business decisions.� �a little short-sighted. If you have been between contracts for a few weeks and agents know this, expect offe� �s are tough. But the cost of taking a poorly paid contract can prove to have been an expensive mistake month�
Category: Articles: Contracting Mindset Tips | Fri, 23 Dec 2011