benefits of contracting ?

[aoxomoxoa]

Eh? You said that in the plural, as if there's more than one. Surely everyone's "profit strategy" is "maximise it".

Mine's maximise it and keep it

[northernladuk]

Eh? You said that in the plural, as if there's more than one. Surely everyone's "profit strategy" is "maximise it".

The BN66 guys have "maximise it" and "try not give it all back"

[Earl Purple]

Benefit: usually more money, both because contractor rates are higher, and that if you stay outside IR35 the tax is lower too, plus as you have said you have certain allowable expenses.

In theory the disadvantage is that your job is less secure. In practice it isn't really as permie jobs are not secure. You may need to beware though that you may find it very hard to go permanent later. It is not the case, I have found, that permanent jobs mean you can acquire skills whereas in contract roles you must know them all already. That should be the case (thus justifying trainingas part of the business) but doesn't seem to be in practice.

Personally I do not understand why I would want to enter a "permanent" employment unless I have worked there already as a contractor so built up a relationship with them, know I fit into the culture of the company and know there is a long term strategy with work ahead of me to do for a foreseeable period of time. In that case we could talk about a "long-term" contract that would fall inside IR35 and therefore be seen as employment.

[LisaContractorUmbrella]

Eh? You said that in the plural, as if there's more than one. Surely everyone's "profit strategy" is "maximise it".

How would you recommend that it done?