in choosing the right option for you, be sure to consider your personal and financial circumstances carefully before making any decision.
We also recommend that you fully discuss the options with your accountant and/or financial planner well before you accept a contracting role.
If you are a permanent resident of Australia you are able to freely choose from any of the three options below, whereas the majority of non-residents choose the Management Company option.
If you have any questions or would like more detailed information on the different contracting options, please contact us.
PAYG is an ideal option if you prefer the simplicity of Clicks managing all the time-consuming and costly administration tasks associated with being a Pty Ltd contractor.
As a PAYG (Pay As You Go) contractor, we take care of everything on your behalf including:
Pty Ltd contracting is an ideal option if you prefer the flexibility and control of running your own company.
As a Pty Ltd contractor you contract through your own proprietary limited company and need to:
What Costs Are Involved? Contracting as a Pty Ltd contractor involves a significant cost and time investment. Before choosing this option you should first carefully consult with your accountant.
Before You Start… After setting up your company, simply visit your local Clicks office bringing proof of ABN, Workers Compensation, Professional Indemnity and Public Liability Insurances and you’re ready to begin your contract.
Management companies are ideal for high earning contractors who can afford the fee structures and want many of the same financial benefits of Pty Ltd contracting, without all the associated risks and time spent administering a company.
Contractor Management companies specialise in providing support services to independent contractors. Management companies will:
What Costs Are Involved? Contractor Management companies charge tax-deductible fees of around 5% per annum.
Before You Start… Make sure that you have selected a Contractor Management company and registered with them. We will need this information to ensure you are paid as quickly as possible before you start working with us.
Being a Contractor with Innoitus means you are highly valued and an important part of our community. That’s why we go to great lengths to provide you with the best possible service.