Oil and Gas Contractor Advice
For more information on Oil and Gas Contracting please visit:
Guide to Becoming an Oil and Gas Engineer
Benefits of Becoming an Oil and Gas Engineer
Rates of Pay for Oil and Gas Engineers
Finding an Oil and Gas Contract with Wood Group, Hydrasun, Subsea7, Shell, Exxon Mobil and BP
Finding an Oil and Gas Contract with Cheveron Texaco, Worldmald Tyco, Technip, Talisman and Philips
Freelance World of the Oil and Gas
Oil and Gas Engineers
The price per barrel of Crude Oil is currently around $110 per barrel (February 2011), predictions are that by 2020 it will rise to $350 per barrel! These predictions are based on the fact the Oil and Gas industry cannot keep up with worldwide demand and as a direct result the industry is rich with opportunities for oil and gas contractors.
Advantages of being an Oil and Gas Contractor
- Higher rates of pay - This is only fair as unlike permanent employees, contractors do not get holiday or sick pay, giving you a greater chance to negotiate a higher rate of pay.
- Prospects - There is an endless supply of contracts, as demand for oil and gas is struggling to be met.
- Richer skill set - The more contracts you take on the greater your practical and managerial skills. Giving you a wider choice of projects and the ability to charge higher daily rates.
- Freedom - You can choose which contracts you take on and the length of time your contract is.
- The chance to be your own boss – You are the specialist in the oil and gas sector putting a new spin on the client contractor relationship.
- Experience - The more contracts you take on the greater your practical and managerial skills. Giving you a wider choice of projects and the ability to charge higher daily rates as an oil and gas contractor.
- ‘Bonhomie’ among the colleagues – If you take a contract on a oil rig, you tend to see the same faces every day and they soon become your extended family. You can bank on them for all your needs.
- Lower Taxes - Any accountant will tell you that trading through your own Limited Company is the most tax efficient way possible. This only to be expected after all as a contractor you do not get sick pay, holiday pay, and have to manage your own tax affairs. However any good accountant will be able to remove most of the burden and you shouldn’t need to allow more than 15 – 20 minutes a month for Ltd company administration.
At SJD we provide all our clients with pro-active tax advice and accountancy services all backed-up by a unique money-back service guarantee. We are the UK's largest specialist accountants for contractors with over 11,000 contractor clients, all of whom work through their own limited company.
We offer all clients:
- Free face-to-face meetings. Tax is complicated which is why we offer everyone free face to face meetings in any city of the UK. SJD is the ONLY national specialist firm with offices in all UK cities.
- Unlimited access to your own dedicated accountant. No call centres, no outsourcing, no press one for this or two for that. Telephone, e-mail or meet your own dedicated accountant face to face.
- Money back 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.
SJD Accountancy is the ONLY national firm of specialist accountants for Contractors to offer free face-to-face meetings in any city in the UK, unlimited access to your own dedicated accountant - you can call them, e-mail them or meet with them whenever you need to and we never outsource or use agents.
All this for a fixed monthly fee of £110 plus VAT, which is one of the lowest prices in the market.
As mentioned we provide an all inclusive service which includes:
- Year end accounts
- Payroll bureau
- Dividend administration
- Dealing with Inland Revenue and Companies House
- Completion of VAT returns
- Completion of Annual Return
- Personal Taxation
- IR35 compliance and solutions
- Unlimited direct access to your accountant for all help and advice
- Free bookkeeping software
And 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%!
Appoint SJD Accountancy and never worry about your tax or accountancy affairs again!
You’ll also be pleased to know that we have won more awards for customer service and accounting excellence than any other firm in our market including: Accountancy Age Awards, Best Accountant for Contractors five years running and Best Companies Awards to name just a few.
We are also deemed PCG Accredited Accountants and have more qualified staff than any other specialist firm with qualifications covering: ATII, ATT, ACCA, CA, ACA, FCCA, ACMA.
With an on-line Company formation facility we have a lot of experience in forming and dealing with newly formed Companies and will be happy to assist and guide new clients in all aspects of the administration and accounting requirements for their new company.
If you are thinking of contracting through your own company, read our new straightforward guide on How to Contract through your own Limited Company. You'll be surprised how little time it takes and just how easy it is.
If you have any questions about contracting or would like any further advice please call our New Client Services Team on 0500 152500 / 01442 275789 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 11,000 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 back 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 £110 plus VAT, which is one of the lowest prices in the market.
If you have any questions about contracting or would like any further advice please either contact your SJD Accountant or call our new client services helpdesk on 0500 152500 / 01442 275789 or email: nikki.hanlon@sjdaccountancy.com.
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
Choosing an accountant - For a full review
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
Guide to Contracting - All the best guides to contracting in one place
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
