Guide to Contracting in the the Financial Services and Banking Sectors

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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!

For further advice please call our New Business Team on Freephone 01442 275789 or email newbusiness@sjdaccountancy.com.