Are you ready to take the plunge from a permanent career to contracting? The benefits of contracting offer an exciting career move, with plenty of varied opportunities available. The below guide will help you to make a more informed decision.
Is contracting for me?
Contractors are self-employed workers that have the freedom to work for different employers for varied sets of time. They usually have the following characteristics:
- Work for multiple employees for fixed terms
- Paid hourly or have a fixed fee for the duration
What is CIS?
As a contractor, it’s important to know about the Construction Industry Scheme (CIS), which it’s a tax deduction scheme, which involves tax being deducted at source from payments relating to construction work.
Remember:
- Bullets are great
- For spelling out benefits and
- Turning visitors into leads.
What work is covered by CIS?
According to government guidelines, CIS covers the following types of construction work:
- Site preparation, such as providing access works and laying foundations
- Demolition and dismantling
- Building work
- Repairs, decorating and alterations
- Installing important systems like heating, lighting, power, water and ventilation
- Cleaning the inside of buildings following construction work
Subcontractors and CIS
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Remember:
- Bullets are great
- For spelling out benefits and
- Turning visitors into leads.
