The Freelance World of the Oil and Gas industry

The Freelance World is experiencing a rapid growth in the Oil and Gas industry.

With the recent announcement (April 2011) of significant growth in activity within the UK’s Oil & Gas industry there will be a need to find more than 15,000 experienced workers to be add to the UK's talent pool. The majority of these positions will be based in Scotland, with the largest oil and gas fields being in Aberdeen.

As a freelancer in this industry you can demand daily rates of £300 to £2,000 a day based on experience, and a recent Hays report shows an average daily rate of £800.

With such high daily rates, and an influx of positions a move into the Freelance World of Oil and Gas seems very attractive.

The most obvious way to find a Freelance position in Scotland is to use a recruitment agency. These agencies are generally based in Aberdeen, Edinburgh and Glasgow.  For more information on securing a contract please visit the following pages:

Once you have secured your contract it is advisable to decide if you should work through a Limited Company. Usually if the contract is over 3 months and you will be earning over £25,000 a Limited Company will be the most tax efficient option. For more information on if you should go Limited please read SJD Accountancy’s 30 second guide to going limited or phone our New Client Services helpdesk on 01442 275789 or email sophie.lewis@sjdaccountancy.com

Once deciding on whether to go Limited or not, the next step usually would be to choose an Accountant. An Accountant should save you time, help you fill out forms for HMRC and make sure they are submitted on time, minimise your tax bill and most importantly help you grow your business. For more information please see our page on the Benefits of Having an Accountant.

So which accountant should you choose? This is entirely up to you. Sure if you’re Dad, Auntie or even best friend will do your accounts for free and has a good understanding of the contractor industry then sure you'd be mad not to use them. Although at SJD Accountancy we do have lots of clients whose parents and friends are accountants, we even have lots of accountant’s mainly corporate contractor accountants who use SJD, not because they can't do the work but because they'd rather we did it for them. 

At SJD Accountancy you will get an accountant from a large, respected and award winning firm, who will take time to get to know you, always take your calls and provide you with prompt and professional advice. We’ve banned voice mail and you'll never be asked to press one for this or two for that.

We provide over 15,000 Contractor and Freelance clients with:

  • Unlimited face to face meetings. Tax is complicated which is why we offer everyone unlimited face to face meetings across the UK.
  • Unlimited access to your tax expert. No call centres, no outsourcing, no automated call handling. Simply telephone, email or meet your own dedicated accountant* face to face.
  • Money back service guarantee. All your telephone calls and emails will be answered the same day or we will make a full refund of that months fee.
  • Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market.
  • All inclusive low cost package which includes: completion of accounts*, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, unlimited access to your own accountant* and all company returns. 

As a client of SJD Accountancy, all your company needs and personal tax affairs are covered by our complete business package for a fixed fee starting from £120 plus VAT per month. This includes:

  • Year-end accounts*
  • Corporation tax
  • Payroll bureau
  • Dividend administration
  • Dealing with HM Revenue and Customs and Companies House
  • Quarterly VAT Calculations 
  • Support with Annual Returns
  • Personal Taxation
  • Access to your own dedicated accountant* for all help and advice
  • Free bookkeeping software

Check our packages for more detail.

Lastly you will be required to have Professional Indemnity Insurance. For £2 million worth of cover you would expect to pay around £430 per annum for a company turning over under £50,000 and £580 per annum for a company turning-over under £100,000. For further information on what it covers please see our page on Professional Indemnity Insurance , you may also find our page on Professional Indemnity Insurance Costs helpful.

If you have any questions about contracting or would like any further advice please call our New Client Services helpdesk on 01442 275789 or email sophie.lewis@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 15,000 clients.

We are the only national specialist firm of contractor accountants with offices nationwide. SJD Accountancy has more qualified staff than any other firm in our market with qualifications from the following major tax and accountancy bodies - ATT, AAT, CTA, ACCA, CA, ACA and FCCA.

  • Unlimited face to face meetings. This is a unique service only SJD Accountancy offers - unlimited face to face meetings across the UK - tax is complicated and sometimes only a meeting will do.
  • UK's Largest contractor accountants with more qualified staff. No call centres, no outsourcing, no automated call handling. Simply telephone, email or meet your own dedicated accountant face to face.
  • Money back service guarantee. All your Emails received by 4pm on any normal working day will be answered the same day. Should it be necessary to leave a telephone message it will be answered same day/following day latest or we will make a full refund of that months fee.
  • Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market, including: Best Accountant for Contractors, Accountant of the Year and Best Professional Service Team to name just a few.
  • All inclusive low cost fixed fee accountancy package which includes completion of accounts*, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, your own dedicated accountant* and all company returns for a fixed fee starting from £120 plus VAT per month. Check our packages for more detail.

If you have any questions about contracting or would like any further advice please call our new client services helpdesk on 01442 275789 or email: janice@sjdaccountancy.com. Our new client services helpdesk is open Monday to Friday (8am to 6pm).

Appoint SJD Accountancy and never worry about your tax or accountancy affairs again.

Form your own Limited company with SJD - our same day online company formation service includes company bank account set up, VAT/PAYE registration and advice on optimum share structure. 

You may also find the following pages, guides and case studies useful:

*If you would like us to complete your company year end accounts we simply ask that you have been a client of SJD for one year or have made 12 monthly payments. All accountants are part or fully qualified.