Why become an engineering contractor?
The passing of the UK Infrastructure Act in February 2015 made it quicker and easier for major building projects to get off the ground, which increased the demand for highly-skilled engineers in the process.
There’s already a huge clamour for experienced engineers across the country, and the new law has lead to even more transport, housing and energy initiatives being launched.
Contractors can benefit from widespread skills shortages
When organisations such as the Recruitment & Employment Confederation publish an update of the industry sectors that are most affected by skills shortages, engineering is usually at the top of the list.
With so many companies competing for suitably talented engineers, contractors that do have the required skills and experience are in a strong position to increase their rates of pay. There are some huge infrastructure developments in the pipeline, so there’s a good chance that more full-time engineers will decide to go it alone in order to secure highly-lucrative contracts in the coming years.
If you aren’t quite ready to take the plunge and set up completely on your own then working as an umbrella employee might suit you. Find out more about this option from our sister company Exchequer Solutions.
Why engineering contractors are working with Exchequer Accountancy Services
With a set of skills that are in such high demand, engineers should be focusing on what they do best. As such, they may require the help of a personal accountant to take care of their admin and tax affairs on their behalf.
Exchequer Accountancy Services offers an array of services to a multitude of engineering contractors, giving them peace of mind that they are always fully compliant with the nation’s tax laws. We understand that engineers – regardless of their specific field of expertise – are busy people, which is why we tailor our services to fit in with our clients’ hectic schedules. You won’t have to take time off work in order to see one of our accountants, they’ll work with you.
As well as taking care of your tax liabilities, the experts at Exchequer Accountancy Services will ensure you’re maximising your take home pay and we’ll also provide as much support as you need. Additionally, by offering real-time digital access to your accounts, you can keep a firm grip on your cashflow – the importance of which cannot be underestimated.
For more information contact the Exchequer Accountancy Services team on 033 3323 1199, alternatively you can contact us via the form below.