Pharmaceutical and Health Care Contractors

The pharmaceutical industry contributes billions of pounds to the UK’s economy and is home to some of the biggest players in the market; GlaxoSmithKline, AstraZeneca, etc. These types of organisations have a workforce over 1 million strong with tens of thousands of these in fact being contractors.

Due to recent economic events even the largest organisations are becoming more reluctant to employee full time-employees because of the financial implications that accompany them; pensions, and sick pay to name but a few. These organisations however still need to meet their everyday business needs and as such are turning towards a flexible working force; the contractor.

Operating as a contractor through your own business brings with it many benefits and below we have listed a few to get you started:

  • Much higher rates of pay than your counterparts
  • More flexible working patterns
  • Freedom to work for whom you like
  • Opportunities to work all around the world
  • Develop your skill set whilst being paid
  • Opportunities to run multiple contracts simultaneously

As a business owner you will also be able to submit expenses for tax relief which allows you to take home a much larger percentage of your pay than an employee operating on a PAYE basis. This is not to mention other benefits such as operating under the flat rate VAT scheme which allows you to benefit from additional monies to take from your business at no extra cost to your client.

There are huge benefits in making a decision to go freelance / contracting, however with the increased reward comes the increased responsibility of running and managing your own business. This is why once you have made the decision to start your own business it is always best to contact a specialist contractor accounting firm who can guide you through the different legislations and the new found responsibilities of running your own business.

Arleys has been designed by contractors, for contractors, and this is why we know that we can offer you the service that you have been looking for. With Arleys you decide how we work for you. Whether you want the latest software to run and manage your business, whether you want to email your information to us, or even send the information to us in the post, we give you the freedom to make that decision; as it should be.

If you would like to know more about how Arleys can help you then please call one of the team on 01925 598 499 or email info@arleys.co.uk and one of the team will be in touch to find out how you want us to work for you.

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