Guide to Contracting in the the Financial Services and Banking Sectors.
You might also find the following pages useful:
Typical rates of pay in the Finance and Banking Sectors
Contracting in the the Financial Services and Banking Sectors
Finding work in the Financial Services and Banking Sectors as a Contractor
With the current state of the world economy, many banks and financial institutions are in a very unsettled situation right now. As such, they need a flexible workforce which can be expanded as required to meet today’s business challenges - all of which makes it a perfect time to be a financial services or banking contractor.
The first step is to decide how you will operate – the two most common options being to work through an umbrella company or to set up a limited company. There are pros and cons to each and you can find out more about this here.
If you do choose to set up a limited company, SJD Accountancy can give you with a wealth of information and advice – as well as providing a low cost fixed-fee accountancy service which has been especially developed for contractors.
You should also make sure your CV is as up to date as it possibly can be, and that it is saved in a universally-recognised format such as Microsoft Word or as a PDF file – so when you start to email it out to prospective companies, you can be sure they will be able to read it. Our Contractor Careers Centre has all the information you need on writing the perfect CV and how to perform your best during an interview.
Plus, why not read our latest hints and tax tips on surviving the recession as a contractor.
It’s also a good idea to have some business cards. They are useful for meeting situations whilst sorting out your first contract and are always worth having as you continue in your contracting career, as you never know when an opportunity might present itself in the future!
If you have any question about contracting or would like any further advice please call our New Client Services helpdesk on 0500 152 500 or e-mail jaime.thorpe@sjdaccountancy.com.
SJD Accountancy
SJD Accountancy are the UK's largest specialist provider of fixed fee, limited company accountancy services to contractors; we've been acting for contractors across the UK since 1992 and have more than 10,000 clients.
We are the only National specialist firm of accountants with offices in all major UK cities so you’ll never be far from your accountant. SJD also have more qualified staff than any other firm in our market with qualifications from the following major tax and accountancy bodies - ATII, ATT, ACCA, CA, ACA, FCCA, ACMA. You’ll also be pleased to know that we are one of the lowest priced as well.
Free face-to-face meetings. This is another unique service, only SJD offers free face to face meetings - tax is complicated and sometimes only a meeting will do.
Unlimited access to your own dedicated accountant. No call centres, no outsourcing, no automated call handling. Simply telephone, e-mail or meet your own dedicated accountant face to face.
Money backed service guarantee. All your telephone calls and e-mails will be answered the same day or we will refund your monthly fee's.
Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market.
All inclusive low cost monthly package which includes completion of accounts, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, unlimited access to your accountant and all company returns. All this for a fixed monthly fee of £95 plus VAT, which is one of the lowest prices in the market.
Appoint SJD Accountancy and never worry about your tax or accountancy affairs again!
You may also find the following pages, guides and case studies useful:
Take home pay calculator - How much could you be taking home
Contractor FAQ - All your frequently asked questions and their answers
First time Contracting or Freelancing? - A summary of the alternatives along with pros and cons
Step-by-step Guide to Contracting - Download a FREE copy of our guide
Limited or Umbrella? Can't decide? - We help you decide which is best for you
Take home pay case studies - Examples of contractors using limited and umbrella companies
Expenses Guide - Know exactly what you can claim
Umbrella company guide - Everything you ever wanted to know about umbrella company services
IR35 Guide - A great plain English guide to IR35
Most importantly, in a recent survey 98% of our clients rated SJD as 'better than other accountants' - we are working hard to convince the other 2%!
