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Freelancing while working full time is super common in this day and age. In fact, many new businesses start out this way as it provides a valuable safety net whilst you find your feet with your new business venture. If you’re thinking about freelancing on the side, it’s likely you’ll be wondering about the tax
If you’re self-employed or run your own business, being paid on-time and for the correct amount is absolutely essential. One of the ways you can help make the process as speedy as possible is by sending accurate, well-formatted and detailed invoices to alert the customer what they’re paying for and exactly how much. Whether you’re
Starting a new business is an incredibly exciting time, but it can be a bit nerve racking, especially if you’re not really sure where to start. That’s why we’ve put together our top tips for starting a new business that includes everything you need to know from establishing your initial idea to figuring out your
Your business name is incredibly important. It’s the first thing your customers see and it has a huge impact on what they think of your brand, so it’s imperative that it reflects your business and your product or service well. Picking a business name is one of the most exciting aspects of starting your own
If you’re self-employed, you may be wondering what you can claim as a business expense. HMRC have set our very clear rules on what you can and can’t include and these are referred to as ‘allowable expenses’. When you come to do your yearly self-assessment tax return, you deduct these expenses from your turnover, which
If you’re a contractor, it’s imperative that you’re up to date with the latest IR35 regulations to ensure you’re not caught out. The new rules come into effect as of April 2021, and we’ve got all the information you need to get you clued in and on top of your finances. The IR35 explained Also
The freedom of working for yourself and owning your own business is something many dream about, and it’s easy to see why. The ability to set your own hours and rate of pay offers a flexibility no standard job could ever provide, but trying to think of a good small and easy business idea can
If you’re a self-employed individual, chances are you’ll be targeted by a HMRC tax return scam at some point. Fraudsters will often use calls, emails, automated voicemails or texts to try and trick you; the most common scam being a ‘tax refund from HMRC’, where they’ll attempt to convince you to hand over your details
The demand for couriers has skyrocketed in the last year or so and it’s seen more people than ever consider the career. It’s easy to see why it’s proven so popular too as all you need is a full UK drivers’ license to get started and you’ll get to take advantage of the freedom of
Becoming self-employed can be incredibly invigorating as it gives you the ability to take full ownership of your work life which includes everything from how many hours you work, right down to how much pay ends up in your pocket. But, with that being said, it’s important that you’re well prepared when setting up as
