Benefits of Hiring an Independent Contractor

If you’re looking for a cost-efficient solution to managing busy periods, special projects, leave coverage, a resignation, high-volume transactions, or a period of rapid change in your company’s finance department, you might consider hiring independent contractors instead of or in addition to full-time team members. Contract finance and accounting professionals provide services on a daily or hourly basis, so you are billed only for the time they spend actually working, rather than absorbing costs during slow periods as you would through permanent hiring. Contractors generally do not receive benefits or paid leave and you are not responsible for paying their income tax to the Australian Taxation Office, which means you ultimately cut costs on your payroll.

If the focus of your organisation is not directly tied to its finance function, working with independent contractors will allow you to focus your time and attention on your actual business objectives. Hiring contractors for the duration of a busy period can alleviate pressure on your full-time finance staff, maintaining morale and preventing burnout. We manage payroll processes and insurance for our finance and accounting professionals, saving time and money for your HR department as well. Contractors submit weekly time sheets, providing a greater transparency for output compared to hours worked, and allowing you to carefully track funds allocated to specific projects. Contract professionals tend to be experts in their fields, so you can bring in someone who is productive immediately without needing extensive training. And, as most contractors have worked for multiple companies, they can often provide a unique perspective on problems that may arise. 

Contractors often set their own hours, so you can ask them to join your team on a 9-to-5 basis or find someone who is willing to work odd hours, overtime, or even on an “on-call” basis. If a contractor isn’t the perfect fit for any reason, you can simply decline to hire them again in the future, avoiding the headache (and expense) associated with firings or layoffs. On the other hand, if the contractor does great work and there is a need for their expertise on a full-time basis, you have the option of offering a salaried, full-time position to them down the road.

You can bring in highly skilled professionals to assist with challenges including mergers and acquisitions, restructuring, business expansion, and other initiatives. You can also employ contract staff for interim roles including CFO, Vice President of Finance, and Controller while you evaluate full-time candidates. Here at amge+ we have a wide network of top finance and accounting professionals who are available to help with these challenges or any others that may arise. Having the ability to bring in an expert for as long - or as little - as you need ensures quality work while saving time and money. Below are the specific roles that we supply contract staff for. Please let us know if we can be of help in connecting you with the right independent contractor for your team.

ACCOUNTING AND FINANCE

  • Financial Reporting
  • Financial Analysis
  • Budgeting & Forecasting
  • Financial Reconciliations
  • Cost and Management Accounting
  • Statutory Reporting
  • Revenue Recognition
  • Business Combinations
  • Mergers & Acquisitions
  • Initial Public Offerings
  • Bankruptcy
  • Treasury Management
  • Cash Management
  • Business Process Improvement
  • Supply Chain Management

INTERIM ROLES

  • Chief Executive Officer
  • Chief Financial Officer
  • Vice President of Finance
  • Controller
  • Assistant Controller
  • Accounting Manager
  • Commercial Finance Manager
  • Senior Accountant
  • Cost Accountant
  • Financial Analyst
  • Internal Auditor
  • Financial Planning & Analysis Specialists

COMPLIANCE

  • International Financial Reporting Standards
  • Sarbanes-Oxley Compliance
  • Internal Audit and Audit Preparation
  • Regulatory Reporting

TAXATION

  • Corporate & Individual Income Tax
  • Sales Tax
  • Property Tax
  • International Tax

INFORMATION TECHNOLOGY

  • IT Audit
  • Financial Systems Report Writing
  • Payroll Systems
  • ERP, Budgeting Systems and/or BI System Implementation
  • Project Managers/Business Analysts