Making Tax Digital (MTD) is the UK Government’s plan for making HMRC the most digitally advanced tax administration in the world. From 1 April 2019 most businesses above the VAT threshold of £85,000 are required to keep their records digitally and submit their VAT return using compatible software. VAT-registered businesses with turnover of above £85,000 … Read more
You’ve got the perfect name for your freelance consulting business. You may have even gone and registered your freelance domain name in a fit of excitement. You may even be lucky enough to have won your first client. It’s time to register your freelance consulting business. If you’re like me, you may find the idea … Read more
Working Freelance – Some Points to Consider These notes are intended to give a general overview of some of the main issues associated with freelance work. As each person’s circumstances are different, thorough investigation is necessary, which might include professional advice e.g. on legal and taxation matters. What is freelance work? You are carrying out … Read more
If you’re working as a freelancer or a contractor through your own limited company you’ve probably heard people talking about IR35 legislation. They’ve probably spoken about it in hushed tones, like IR35 is this big scary thing to be feared. IR35 is a piece of legislation that you need to know about, but it’s not … Read more
Our freelance accounting glossary has handy definitions of accounting and bookkeeping jargon – from accruals and aged creditors, to retained profit and written down value. If you’re new to freelancing or running a business, you may hear a lot of words and phrases that are unfamiliar to you. Our freelance accounting glossary will explain some … Read more
Prioritise Your Course Never lose sight of why you’re at university in the first place. While freelancing alongside studies can bring in some extra cash, ultimately you’re there to get a degree. Don’t forget to actually study. Finding Freelance Work as a Student Sites such as Job Rapido, Brand Republic and the vast Guardian Jobs … Read more
Write yourself a business plan Know your ‘pitch’ practise telling the story of what it is you offer and how it’s different from competitors. Price your work or hourly rate: Work out how much you will charge for your products (wholesle and retail) or services on an hourly/daily basis. Promote your products or services: Create a website … Read more
https://www.sheffield.ac.uk/polopoly_fs/1.429180!/file/Working.as.self.employed.or.freelance.pdf https://www.ed.ac.uk/files/imports/fileManager/AGCAS%20Self-employment.pdf Self-employment Why do it? The definition of self-employment is ‘starting and running a successful business or social enterprise’. Many famous companies began this way as visionary men and women patented an invention, created a company or registered a brand. Although an excellent business idea plays a key role in the ultimate success of … Read more