Contractor confidence strong despite imminent EU referendum

The media is awash with opinion pieces from those on both sides of the debate over whether the UK should leave the EU or remain a part of Europe. With the date for the referendum creeping ever closer, there is plenty of speculation over who will be most affected by either outcome, and which sectors could be hardest hit should there be a significant change on the cards.Contractor confidence strong despite imminent EU referendum

The Recruitment and Employment Confederation have conducted their monthly Job Outlook survey which has found that contractors remain confident about their prospects despite the uncertain future of the country's position in Europe. 79 per cent of firms reported that they believe that economic conditions are improving and 90 per cent of them are expecting hiring confidence to either improve or remain the same in the coming months.

This confidence is expected to translate into opportunities for contractors as an increasing number of companies are recognising the important part that contractors play in the success of a number of businesses, specifically when it comes to innovation.

The uncertainty that surrounds the result may not be knocking confidence, but there have been warnings about the effect that the EU referendum could have on the economy. Despite a slight dip in demand for staff, which has been attributed to concerns about a potential 'Brexit', the long-term future for contractors looks bright as businesses continue to report hiring plans which will include contractors in both the short and long term.

Large corporations are likely to be responsible for most of the hiring in the sector, with 68 per cent reporting that they are planning to increase their contractor headcount in the next quarter. This represents a significant increase from both last month and February when the same question only prompted optimism in 59 and 46 per cent of businesses respectively. The skills shortage is already increasing the need for flexible workers across a number of sectors, meaning that clients are likely to be looking for skilled workers whatever the result.

Anyone who wants to take advantage of the buoyant market for contractors should use our contractor calculator to ascertain how much they could be earning. For more information on how to organise your finances, we have guides to contractor tax and a FREE 60 page guide to contracting which will answer most of your questions.

For anyone who is ready to take the plunge and go it alone, our expert accountants are always on hand to help. With a wealth of expertise, they can offer advice on everything from starting out to planning for retirement, so call today on 01442 275789 or email jessica@sjdaccountancy.com for details of our services.

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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. 

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*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.