Another contract v perm thread

[northernladuk]

Why will your accountant give a hoot about your decision to go contracting or stay perm. He does your company finances.

[jbond007]

Oh yeah there are crappy contract and crappy perm but contract sort of feels easier to move on if it doesnt suit (funds allowing)

I just wondered if IR35 reform hits and its not as profitable for people that companies may increase to entice contractors back (I think I read something vaguely similar)

I am still back and forwards on it today ha ha. I have always been useless at decisions and no doubt will regret which ever way I choose.

It just feels right now I am in a good contract (the agency have already been there a year) and I am sure with my experience and network (and good central location to London, Newbury, Reading, Basingstoke, Southampton) I would find contracts that allowed me to be home in good time (market allowing of course). I know there is a risk but I have all my Ltd Company up and running and its a hard call whether to see what happens if the contracting dry's up. Is it worth asking my accountant or will he say stick contracting?

Are you the sole earner or do you have a partner that could support if you are in-between contracts ? It makes it slightly easier if you've got a fall back income from a partner/spouse so at least all your basic outgoings are met. If that's the case, you could carry on contracting and see how far you get. If you end up on the bench at least you've got your partner to support till you get back into a contract

Also, there is a resident expert here on parking situation at a particular client in Newbury should you end up with a contract there

[Ld1978]

Are you the sole earner or do you have a partner that could support if you are in-between contracts ? It makes it slightly easier if you've got a fall back income from a partner/spouse so at least all your basic outgoings are met. If that's the case, you could carry on contracting and see how far you get. If you end up on the bench at least you've got your partner to support till you get back into a contract

Also, there is a resident expert here on parking situation at a particular client in Newbury should you end up with a contract there

Partner is also self employed but full on work with the same person for the last 3 years so I dont see any issues. It wouldnt be enough to cover everything but I should be able to put enough by if I contract in the current one until end of the year and I have some redundancy left.

Said client is the perm job and where I got made redundant from ha ha. I've had calls about contracting but am not doing the bus thing ha ha. I assume the shaw parking is still going (I did that when I joined) but I have heard it gets busy very early.

[Ld1978]

Well I am a little further along in making a decision. A big driver for me is flexible working (for the kids) which they said yes too but only verbally.

I have asked for something more formal to be put into place as I dont want to end up in a perm job thats less flexible and doesnt work for the kids (which is the whole point). I am unsure what their stance will be but I am hoping if they want me we can agree something that suits.

This could help make my decision

What do you think?

[northernladuk]

I think it's time you woman'd and made a decision. You've had plenty of opinions to date and no updates are really going to change them as we aren't in your situation.

[Ld1978]

I think it's time you woman'd and made a decision. You've had plenty of opinions to date and no updates are really going to change them as we aren't in your situation.

ha ha yes this is true. I am going to see what happens with my flexible working request as thats key for a perm role for me. I dont want to end up perm and not having the flexibility to see the kids (which is the main reason)

I cant even make the simplest of decisions let alone a big life one lol

[fidot]

Whichever way you finally decide, you will never know how the other option would have turned out. Therefore, there is no point of even thinking about the other path, once the decision is made.

I have always lived by the following maxim:
Make the decision and then do everything to make that decision the right one, without looking back.

Good luck with whatever you chose to do.

[Ld1978]

Why will your accountant give a hoot about your decision to go contracting or stay perm. He does your company finances.

Because over the years of working with him he’s become more of a friend

[Ld1978]

Whichever way you finally decide, you will never know how the other option would have turned out. Therefore, there is no point of even thinking about the other path, once the decision is made.

I have always lived by the following maxim:
Make the decision and then do everything to make that decision the right one, without looking back.

Good luck with whatever you chose to do.

Very true and thank you

[Ld1978]

Hi all,

I thought I would give an update on where I am at. So I have tried to push for flexible working in writing but they cannot change the contract and do not want to put it in writing as they said the whole team work that way so it leaves others open.

It sounds like a good role, good for my CV and I like the guy who heads up the area (which is a big thing) Its close to home, flexible (so they say) and can work around my family life and kids while they are little. I am going to see about leaving my Ltd company dormant so that worst case it doesnt pan out I can get back into contracting.

I think Id be a fool to turn it down at this stage of my life when I have no idea what contracts are round the corner and how far from home I would be.

Thanks for all the advice