Benefits of Working as an Independent Contractor

If you’re looking to leave your current position, finding another full-time, salaried position isn’t your only option. Taking on contract work, rather than full-time, salaried employment, means working with a company on a short-term or per-project basis. For executives, serving on an interim basis and helping companies with current challenges can be exciting for those who love tackling new problems. Whether you’re an analyst or a CFO, contract work may work best with your desired schedule as well as help you build your professional network in case you want to seek permanent employment in the future. 

As a contract worker, you’ll earn an hourly rate - often higher than that of a salaried employee - and you’ll get paid for every hour you work. For those who are expected to come in early and stay late in a salaried position, this is a particularly attractive aspect of contract work. You can essentially decide your pay by choosing to take on more or fewer clients at any given time. If one gig falls through, you can make up for it by finding other work, whereas a layoff or firing could be financially devastating for a full-timer who relies on just one stream of income. Contract work comes with tax benefits as well. While you’re responsible for paying your own payroll and income taxes, you can deduct expenses related to your business, which can result in some impressive tax savings.

Those who value independence will enjoy self-employment. You’ll get to decide which projects to take on, meaning you don’t have to do work you find uninteresting or unfulfilling. Between contracts, you can take as much or as little holiday as you want, and working for a variety of companies will help you gain a unique set of skills, positioning you as an expert in your field. You’ll be exposed to a vast array of company cultures and structures, and you can apply what you learn at one company to your work with other clients. You will choose your professional development path irrespective of a single company’s needs or limitations, learning new skills as needed for projects and according to your interests.

Contract work offers a level of flexibility that is unavailable to many full-timers along with financial incentives and valuable networking opportunities. You always have the option to return to “traditional” salaried employment in the future, and you’ll have an impressive CV with a wide range of projects and experiences to bring to the table. At amge+ we specialise in creating winning partnerships through connecting contractors as well as full-timers with the roles that create a win-win situation for both employers and contractors/employees. If you would like to be considered for contract work, please reach out for further information and next steps. Below is a list of positions for which companies are often seeking contractors:

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