i4 insights: Issue 5
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Welcome back to i4's insights, where you can find the latest updates.
This month we have three new articles to share, from the importance of resilience for contractors in dealing with economic challenges to advice for those considering sole trader status and contractor protections and entitlements. It's all included below.
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Staying Resilient Through Uncertainty: How Contractors Deal with Economic Challenges
With the many challenges presented by today's uncertain economic climate, resilience has become crucial for contractors in the face of such volatile market conditions. With work opportunities and income levels so easily disrupted by political instability or global events, constantly adapting to these ever-changing circumstances can be incredibly difficult.
However, being able to adapt and thrive despite these circumstances is essential for long-term success. So, how do you stay resilient?
Understanding Self-employment: Essential Tips for Contractors Considering Sole Trader Status
What exactly is a sole trader status? As a sole trader, you’re the sole owner of your business and personally responsible for its financial aspects, including any debts.
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Being self-employed comes with both freedom and responsibility. In this article, we explore key tips and considerations for those considering becoming sole traders, ensuring you are well-equipped for this career move.
Read the full article here.
Contractor Protections and Entitlements: Know Your Rights
The popularity of contractor work is increasing, due to its flexibility. However, the complexities of contractor rights and entitlements are still daunting.
However, understanding contractor protections, and entitlements and knowing your rights are essential. The lack of employment rights can be blurry for self-employed contractors, but usually, the benefits of flexibility and higher pay compensate for the confusion.
Our latest article is here to help; we cover sick pay, holiday pay, statutory benefits, pensions and IR35.
Read the full article here.
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See you next month!