What is a Contractor? How to Become a Contractor in the UK?
The landscape of employment has witnessed a significant change in recent years, with a rise in non-traditional work arrangements. One such avenue is contracting, a model that allows individuals to operate as independent professionals in their respective fields. Contractor Definition A contractor is an independent professional engaged by a client or business entity to provide specialized services for a predetermined period or specific project. Unlike traditional employees, contractors operate as their own entities, managing their schedules, taxes, and contracts. They are often hired for their expertise in a particular domain and are responsible for delivering the agreed-upon outcomes within stipulated timelines. Benefits of Working as a Contractor Working as a contractor offers several advantages, including: Flexibility: Contractors have control over their work hours and can choose the projects they undertake. Income Potential: Contracting often offers higher earning potential, espe