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
This freelance contract template will give you the basics for getting a robust freelance contract in place for your freelance business. And there’s even a free example contract to download. Freelancing can be a risky business. Much of the relationship between you and your client will come down to trust. But one practical way you … Read more
Becoming a freelance consultant is a dream for many. I’ve been lucky enough to have a successful freelance career as a social media and digital PR consultant for the last few years. There’s been some bumps along the way, but advice and encouragement from a wide range of people enabled me to go it alone … Read more
Oh man. I hate doing accounting. So writing a whole article about freelance finances might be the undoing of me. But as a freelancer, your finances are one of the most important parts of your business. If you don’t keep on top of your income and outgoings, your invoicing, your tax returns and everything else … 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
[et_pb_section admin_label="section"][et_pb_row admin_label="row"][et_pb_column type="4_4"][et_pb_text admin_label="Text" background_layout="light" text_orientation="left" use_border_color="off" border_color="#ffffff" border_style="solid"] Freelancing can be a risky business. Much of the relationship between you and your client will come down to trust. But one practical way you can make things crystal clear up-front is signing a robust freelance contract. Having a contract in place is not an … 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
One of the main questions you may have as a freelancer is "what sort of expenses can you claim?" Well, a ‘business expense’ is an expense which is wholly and exclusively for business purposes. In this article, we’ll be covering such topics as business travel, subsistence, entertainment, use of home, pensions, fixed assets and other … 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