!["Freelance]("https:\/\/benrmatthews.com\/wp-content\/uploads\/2013\/09\/Top_view-720x450.jpg" "\"Freelance")
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Before you make the leap, there are some freelance essentials that you should have before you launch your new freelance career.<\/p>\n
While sometimes boring and time-consuming to set up, the more work you put into getting these essentials set up now, the easier your life will be once you get into the more important aspects of getting your client work done and keeping them happy!<\/p>\n
First off, the exciting bit! Where the funds go when you get paid by your clients.<\/p>\n
The Santander Start Up Business Account offers unlimited free day-to-day transactions for a year – or 18 months if you’re already a Santander customer. \u00a0After the end of the free period, you can choose from four different fees between \u00a37.50 and \u00a340 per month depending on monthly cash deposit withdrawal limits.<\/p>\n
NatWest’s Start-ups package has two years of free unlimited transaction banking. After that, you revert to their standard tariff, at which point you pay per transaction. You can open the account if you started trading within the last 12 months, and the company’s turnover is less than \u00a31 million.<\/p>\n
These two accounts are effectively just like consumer bank accounts, but for business. The others charge more for you to bank with them or don’t offer the same benefits.<\/p>\n
There\u2019s more background reading on Small Business Bank Accounts over on Money Saving Expert.<\/p>\n
Depending on the area you work in, you\u2019ll either need general public liability insurance or more comprehensive cover if you work with equipment or on location.<\/p>\n
If you do work with expensive equipment or you\u2019re on the road a lot, look for a company that offers automatic cover for your portable equipment and public liability, whether you are: on location, in transit or at your home. \u00a0Also look for Free of charge cover for accidental loss or damage to office contents and equipment, employers’ liability cover and personal accident insurance.<\/p>\n
If you\u2019ve got a laptop or smartphone, make sure to get those covered too – you don\u2019t want to be without either for too long as a freelancer, as they\u2019re more critical to your work than you might think!<\/p>\n
I\u2019ve gone with AON<\/a>, who offer affordable insurance for freelancers<\/a>, but there are a range of other providers out there.<\/p>\n An excellent accountant is an essential aspect of your new freelance career and worth every penny you spend on them (and they\u2019ll save you a few pennies too\u2026).<\/p>\n I love using Crunch, the online accountants who have a simple to use online system to log all your day-to-day invoices and expenditure, as well as dedicated telephone and email support for all those niggling queries you have.<\/p>\n (Plus we both get \u00a325 Amazon vouchers if you sign up to Crunch using this link!)<\/p>\n I\u2019ve also worked with The Proactive Accountant, honest and trusted accountants based in London in case you need more human contact for your financial goings on.<\/p>\n —<\/p>\n How you set your freelance essentials up is down to you and your personal preferences, but these areas and links will hopefully have given you something to think about.<\/p>\n And if you haven\u2019t thought about this yet, there\u2019s no time like the present to get going!<\/p>\n What other freelance essentials would you recommend? Leave your comments below!<\/em><\/p>\n <\/p>\n Enjoy this post? Sign up for my free newsletter to get the newest articles delivered straight to your inbox:<\/em><\/strong><\/p>\n [mc4wp_form]<\/p>\n Freelance Accountant<\/h3>\n