IT Contractors

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IT contractors are becoming more in demand and can earn a lot more than a regular employee.

If you’re thinking of starting out as an IT contractor or are in between jobs, working through an umbrella company could be a good solution for you. If you have been contracting for a while and earn more than £35,000 per year it may be worth starting your own limited company. Having your own company will give you the flexibility of being your own boss and freedom to pay yourself a combination of salary and dividends, which is a lot more tax efficient. You will also be able to claim back a range of expenses.

Want to know more about becoming an IT Contractor? Our sister company ClearSky Contractor Accounting can help set up your own limited company and give you all the advice you need.

Benefits of ClearSky

Comprehensive insurance cover – you’ll get up to £17 million of insurance cover

Expert support – ClearSky specialises in providing accounting services to limited companies and its experienced team has helped thousands of contractors

Great value – a transparent approach to pricing and great range of packages mean you only pay for what you need, with no hidden extras

Calculate your income

Why choose us?

I joined Parasol after finding a role as a service desk analyst and even though I didn’t seek them out myself, working with Parasol is one of the best decisions I’ve made. As a first time contractor, Parasol made the transition smooth and easy, and any fears I had about the amount of administration involved soon disappeared. Every time I’ve contacted Parasol they have listened and given me informative advice and managed to solve any queries I’ve had. If you want to be a contractor and are nervous, Parasol is a great support system.

Sarfraz Hussain

I have been with Parasol since 2005 and after speaking with Parasol’s friendly and knowledgeable team, I felt confident they would be the right choice. If I have any problems or queries, I know that a quick phone call is all I need to help solve any issue. When I hear “I’ll ring you back” it doesn’t fill me with dread! More recently, Parasol suggested moving my contracting activities to a limited company under their sister company, ClearSky Accounting. The moving process does require a few steps, but Clearsky made the transition as smooth as possible. The on-boarding team were really helpful and I was allocated a personal accountant who now looks after me. I’ve not been operating like this for long, but the early signs look good and I hope this relationship will be as long and successful as I had with Parasol.

Steve Holland

I retired in 2010 as I wanted to spend more time with my family. However, I received numerous requests from former colleagues to assist in various projects, so rather than set up a new company, I contacted Parasol. Parasol has enabled me to have the best of both worlds. Much of my work I do from home, so I’m able to combine work and family successfully, with flexibility around working hours. Being able to log timesheets and expenses online makes administration work easy. When the odd problem does arise, Parasol are only an email or a phone call away and an acceptable solution has always been reached. For people like me who prefer to “wind down” on retirement rather than a sudden stop, I would certainly recommend using Parasol. It’s a great flexible way of minimising administration time and costs, so you can concentrate on the “core business” and family.

Angus Robertson