Contractors, is it time to make a change in your contracting career?

September, often seen as a month of reflection and self-improvement, is the perfect time to reassess your career goals. Whether you're already a contractor or considering making the leap, now is a great opportunity to reflect on where you are and where you want to be. Contracting, once seen as a temporary contract path, is now a clear and fulfilling career choice for many. It requires not only networking and marketing yourself but also a commitment to continuous improvement, learning and adaptability.

At Icon Accounting, we believe this month is the ideal time to ask yourself key questions that can help shape your contracting career. Below, we delve into five important areas that every contractor should reflect on to ensure a sustainable and successful career.

1. Am I on Track to Achieve My Financial Goals?

Your finances are the foundation of your contracting career. Take a closer look at your income streams and expenses. Are you saving enough for the future, or do your rates need adjusting to keep up with market standards? It’s vital to make sure your financial plan supports both short-term needs, like day-to-day living expenses, and long-term goals, such as retirement or investment opportunities. If you're unsure whether your rates are competitive, now might be the time to evaluate the market and consider adjustments.

2. Am I Happy with My Clients and Contracts?

Client satisfaction goes both ways. Ask yourself whether the clients and projects you’re currently engaged with align with your professional goals and values. Do you enjoy the work you’re doing, or is it just another job? Consider seeking out clients and contracts that offer more meaningful work in line with your goals, better pay, or greater opportunities for growth. This is your career, so it's worth ensuring that the projects you take on are fulfilling and help you progress in your chosen field.

3. Am I Keeping Up with Industry Trends and Skills?

The contracting industry is fast-paced, and staying relevant means keeping your skills up to date. Have you been proactive in learning new skills, obtaining certifications, or attending industry events? Investing in your professional development can keep you ahead of the curve and ensure your services remain competitive. If you’ve fallen behind on training or skills, September is a great time to set new learning goals.

4. Am I Maintaining a Healthy Work-Life Balance?

Our job can often blur the lines between work and personal life, especially if you're a contractor that works with multiple clients. Are you carving out enough time for rest, family, and hobbies? Maintaining a healthy work-life balance is crucial to preventing burnout and staying productive. If you’re feeling overwhelmed, now might be the time to set clearer boundaries, reduce your workload, or reconsider how you manage your time.

5. Am I Maximising My Tax Savings?

Tax efficiency is key for contractors. Many may overlook potential tax savings, which can make a significant difference to your overall income. At Icon Accounting, we assign every contractor a dedicated account manager who helps you review your tax strategies and ensures you’re not missing out on any benefits. If you haven’t reviewed your tax situation recently, now is the perfect time to reach out to us and make sure you're making the most of the tax reliefs and allowances available to you.

Ready for a Change? Start Your Contracting Journey

September is the month of change and growth. If you're thinking about transitioning into contracting, now is the time to explore the opportunities available. Whether you're looking for more flexibility, higher earning potential, or the chance to work on projects that truly interest you, contracting offers a dynamic career path.

If you want to learn more about how contracting can work for you, contact Icon Accounting today. Our expert team is here to guide you through every step of the process, from setting up a company to managing your taxes and ensuring you're compliant.

Make the most of this self-improvement month by taking control of your career—whether you're already a contractor or just considering the switch!