Hey beyond,
So I may be in a situation where I might get to return to my engineering field. The company that I applied to, is only taking contractors at this time. I've never worked as a contractor. So I had a few questions:
1) How do you set yourself up as a 'contractor' ?
2) What's the major difference between staff and contractor?
3) With a field like engineering, how does practice insurance work for the company [for the work that I'd be doing] ?
4) What would I need to prepare for, in terms of costs / savings ?
5) I've heard that being a contractor you get taxed less, and are able to claim a lot of expenses as 'business expenses'. How would this work? Would I need an account to get all this dealt with?
I'm very new to this type of employment so I really could use your advice. Please share your experience / thoughts. Thank you!