Posts

Investing in Your Future Contractor Self and Upskill

Summer downtime presents an opportunity to invest in your professional growth and expand your skill set. By taking the time to enhance your knowledge, learn new tools and technologies, and master relevant industry advancements, you can position yourself as a highly sought-after professional in your field of work. As a contractor, summer downtime presents an opportunity to invest in your professional growth and expand your skill set. By taking the time to enhance your knowledge, learn new tools and technologies, and master relevant industry advancements, you can position yourself as a highly sought-after professional in your field of work. By upskilling, you not only strengthen your expertise but also build a robust professional portfolio, which becomes a valuable asset in attracting new contracting opportunities. With an expanded skill set, you can also negotiate higher rates and increase your earning potential, making your contracting career even more rewarding. At Icon Accounting, we...

Maximizing Take Home Pay and Exploring Eligible Expenses to Claim

In this blog, we focus on informing our client base, along with those considering contracting too, what eligible expenses they can claim to operate more efficiently. Read on to discover the top expenses we are asked about, and how claiming expenses can contribute to maximizing your take-home pay. As National Bike to Work Day takes center stage in May, you may have seen on our social channels how we highlighted how contractors can claim the Bike to Work Scheme, allowing them to make savings along with investing in their health and a greener future too. In this blog, along with highlighting and encouraging the scheme, we are shifting our focus to inform our client base, and those considering contracting in the future too, what other eligible expenses they can claim to allow them to operate more efficiently. Read on to discover the top expenses our dedicated account managers are asked about, and how claiming these expenses can contribute to maximizing your take-home pay. Bike to Work Sche...

Achieving Flexibility and Freedom as a Professional

  As the summer season approaches, many individuals eagerly anticipate some well-deserved time off. However, for those tied to traditional employment, navigating holiday entitlements and time-off requests can be frustrating. If you are a professional seeking a career that works around your needs, discover the benefits available to you by considering contracting, and how it can provide you with the freedom and flexibility you desire. As the summer season approaches, many individuals eagerly anticipate longer days, warmer weather, and some well-deserved time off with loved ones. However, for those tied to traditional employment, navigating holiday entitlements and accommodating company-wide or team time-off requests can create a sense of frustration. Fortunately, contracting offers professionals a solution to this dilemma. The flexibility and freedom that contracting offers can provide many contractors the opportunity to enjoy the summer months along with ultimately achieving the wor...

Graduating? Why Choosing Contract Work Can Benefit Your Career

Graduating from university is a significant milestone in the lives of many young people. It marks the end of an era and the beginning of a new one filled with possibilities. What many graduates don’t realize is that contracting can offer significant advantages to young professionals. Find out the advantages and the in-demand roles! Graduating from university is a significant milestone in the lives of many young people. It marks the end of an era and the beginning of a new one filled with possibilities and opportunities.  Generally, the next step is often to find a job in their field of expertise or the associated degree achieved. Many may consider graduate programs or placements in order to build experience in their desired industry, but what many graduates don’t realize is that contracting can offer significant advantages to young professionals.   Working as a contractor offers several benefits, including the opportunity to work with cutting-edge technology and gain experienc...
From working with independent professionals on a daily basis, we see that many have the opportunity to increase their earnings significantly by recognizing the value of their skill set, experience, and capabilities. However, to succeed in self-employment, establishing financial stability and building savings is important. Here are some effective saving strategies that you can implement to ensure that you are on the right track! From working with independent and self-employed individuals on a daily basis, we see that many have the opportunity to increase their earnings significantly by recognizing the value of their skill set, experience, and capabilities while negotiating with clients. However, to succeed in self-employment, or building your business, establishing financial stability and building savings is important.  Whether you are a freelancer or a contractor, there are several effective saving strategies that you can implement to ensure that you are on the right track and...

Setting Up a Personal Limited Company: Everything You Need to Know

Have you been contracting for some time, are now considering a career as an independent professional, and want to learn about how you can set yourself up for success? Why not invest in your future and establish your own business. Understand the process of setting up your own personal limited company, along with some of the benefits which you can enjoy if you do decide to make the switch! Have you been contracting for some time, are now considering a career as an independent professional , and want to learn about how you can set yourself up for success? Why not invest in your future and establish your own business. The question is… is it the right move for you now? As with every decision, it’s important to know the facts, the figures, and the opportunities before making your next career move. Keep reading to understand the process of setting up your own personal limited company further, along with some of the benefits which you can enjoy if you do decide to make the switch! ...

Future proof your income as a contractor

When being your own boss, it can be easy to get caught up in the day-to-day activities and understandably your project requirements, however, we highly recommend that contractors take some time to future-proof their income for their own peace of mind and to ensure long-term financial stability. For most people, the decision to become an Independent Contractor is one of the most financially rewarding of their entire career, along with independent professionals benefitting from other perks, such as flexibility, control, work-life balance, and removal of office politics, which contracting can bring! When being your own boss, it can be easy to get caught up in the day-to-day activities and understandably your project requirements, however, we highly recommend that contractors take some time to future-proof their income for their own peace of mind and to ensure long-term financial stability. We do not usually think of our current income and our future earnings as an asset. However,...