In today's ever-increasing pandemic economy, a qualified employees is critical for any sector. In Ireland, there is a high demand for experienced IT contractors.

IT contracting provides valuable possibilities for professionals in software development, app development, Microservices engineers, project managers, and customer support engineers. Setting up your IT contracts to work independently has become critical in the modern era. IT contracting has shown to produce the best results. When compared to per month pay, there is a 20% gain. It has become highly popular in Ireland as the need of the hour choose in contracting option. If you want to benefit from Contracting, Truway Accounting can help you get started.

IT CONTRACTING BENEFITS FOR CANDIDATES:

Increased Money gains:

Contracting can result in a 20 percent rise in your per month wage. Accounting and contracting experts revealed that the average IT Contracting day rate in Ireland is currently €421.

Lowered Expense:

you will have the ability to claim back expenses. On average contractors claim around €250 a month. Types of expenses :

• Computer Equipment
• Educational Courses
• Phone and Internet
• Travel
• Company Car
• Home Office
• Relocation

Increased Flexibility and Experience:

IT Contractors are increasing significantly in Ireland due to the higher pay and flexible work solutions. Thereby creating an ever increasing need to opt in for accounting services for IT Contractors.

More Freedom and Control with Better Work Life Balance

IT Contractors are increasing significantly in Ireland due to the higher pay and flexible work solutions. Thereby creating an ever increasing need to opt in for accounting services for IT contractors.

Truway accounting hold expertise in helping IT contractors get the best gains by opting in from any contracting solutions

Umbrella Company Employee

In this type of contracting solution Truway Accounting can help IT Contractors to set up as an employee of an umbrella company for tax and payroll purposes. This option is best for short term contracts and people who want to retain Social Welfare benefits. Best suited for daily rates up to €200 and employers PRSI is paid

Umbrella Company Director

In this contracting solution Truway accounting will set you up as the Director of an umbrella company for tax and payroll. This option is for any length of contract and can help the contractor to maximise retention (how much of their daily rate they keep versus pay in tax). This fits someone who is not concerned about retaining Social Welfare benefits. Best suited for daily rates from €180-€400 and employers PRSI is not applicable. This contracting solution is recommended if you are new to contracting

Private Limited Company

Under this contracting solution Truway accounting helps you set up your own company to contract under. Best suited for 12 month contracts on daily rates of €400+ . This option can take longer to set up than the umbrella options but allows you more control around tax planning and ability to claim expenses

IT contractors have built up a bank of knowledge, expertise and experience that is highly attractive to companies. Because of this, these contractors typically command high rates of pay. A report in the Irish market showed, IT contractors earned an average daily rate of €529, their median age is 48 and their contracts last, on average, 14 months. If you’re an IT expert looking to dive in for maximum pay back, it's the best time to get started. Book your consultation with Truway Accounting for your successful journey today.