There really are a lot of software tools to choose from in 2020. And if you’re running any sort of small business, chances are you’re going to need some of it. So what’s the best software for small businesses in 2020? Actually, what makes one particular software tool the “best” anyway? These can be tricky … Read more
During the Coronavirus epidemic, the UK Government has offered support for small and medium-sized businesses, and the self-employed. Freelancers (self-employed individuals) with trading profits of up to £50k can apply for a taxable grant worth 80% of their average monthly profits, up to £2,500 a month. HMRC will take your average profits from the last 3 … Read more
There really are a lot of software tools to choose from in 2020. And if you’re running any sort of small business, chances are you’re going to need some of it. So what’s the best software for small businesses in 2020? Actually, what makes one particular software tool the “best” anyway? These can be tricky … 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
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 going through the process of setting up a limited company for your freelance business, your accountant may well ask you to choose between the normal VAT scheme and the Flat Rate VAT scheme. It should be pointed that they you will only have to register for VAT of you’re revenue will be above the … Read more
Completing a Self Assessment tax return can be a daunting prospect. That’s why we’ve put together the ultimate guide to completing your Self Assessment. Here’s the outline of what we’ll cover in this guide: Registering with HMRC for Self Assessment. The first step to is to make sure you need to submit a return, and … 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
Completing a Self Assessment tax return can be a daunting prospect. That’s why we’ve put together the ultimate guide to completing your Self Assessment. Here’s the outline of what we’ll cover in this guide: Registering with HMRC for Self Assessment. The first step to is to make sure you need to submit a return, and … Read more