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The three contracting types

There are three different contracting options to choose from: 1. PAYG 2. Invoicing 3. Agency

1. PAYG - paid wages by hiring organisation

2. Invoicing - paid ABN registered invoices by hiring organisation

3. Agency - paid wages or ABN registered invoices by agency

Which option should you go for? There are different advantages to the options, so be sure to consider your personal and financial circumstances carefully before making any decision. Discuss with your accountant or financial adviser well before you accept a contracting role. For more information visit www.business.gov.au/info/plan-and-start/start-your-business/independent-contractors

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