The world of internet freelancing has created a vast amount of unique opportunities for people all around the world. Online freelancing has made the world of work easier and smaller as experienced and knowledgeable individuals can now easily find freelance clients with those who are looking for their desired skill set. For many, it’s a … Read more
Coworking is a relatively new phenomenon that involves workers from different backgrounds sharing the same office space. Whether it be a deluxe office space in Mayfair or a quirky studio in Shoreditch, coworking spaces are popping up all over larger cities like London. It is a viable alternative to traditional office environments, which can limit … 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
Freelancing can give you a huge range of benefits, which makes becoming a freelancer such an attractive option compared to being employed. Higher pay, improved professional satisfaction and greater flexibility are just some of the benefits of freelancing. However, freelancing does not suit everyone, as there are some challenges associated with starting and running your … 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
The process of applying for mortgages for freelancers and the self-employed can be challenging. Especially as mortgage lending criteria has not kept up with the changes in freelance work and self employment. The freelance community we spoke to have often found that a lot of mortgage lenders make it hard for freelancers to get a … Read more
The Balance Sheet is defined as a document designed to illustrate the state of your business finances at a specific moment in time, and demonstrate its financial stability to Bank Managers and the like. A Balance Sheet will outline your current liabilities alongside your assets to provide a clear indication of the current value of … 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