TIPS FOR STARTING AS A CONTRACTOR
Moving from employment to contracting can feel like a huge step. Once you have decided it’s the right thing for you then starting out in the strongest way will set you on your way for a successful career. Here are…
MANAGING THE WORK LIFE BALANCE
Contractors often leave secured employments in search for more control, flexibility, variety in jobs and of course to reap high financial rewards. Whilst the financial side is of course important, so too are maintaining the other benefits of contracting. Consider…
RISK ASSESSMENTS
Everyone (including contractors) has an obligation under the Health and Safety law in terms of risk assessments - so it is important to remain up to date! There are five steps that should be thought about when writing a risk…
MANAGING YOUR ACCOUNTING AS A FREELANCER
According to Micro Biz Magazine, there were over 2 million freelancers working in the UK in 2020! To help you stay on top of your finances as a freelancer, we have outlined some of our top tips to keep your…
Understanding Corporation Tax
Corporation Tax is often a little complicated to get your head around, but we’re here to explain exactly what it is, and how it works. As a Contractor, you must pay Corporation Tax on profits from doing business as a…
Self Assessment Tax Return
Can you believe we are in July already? In January 2021, although 10.7million people submitted their 2019/20 returns by the 31st of January deadline, HMRC estimated that almost 1.8m people missed the deadline - nearly double the rate reported the…
Loneliness as a Sole Trader
Once you’ve stepped out into the world of owning and running a business, whether that be starting as a limited company contractor, freelancing, or becoming a sole trader, most people won’t look back! However, many people who venture out on…
Limited Companies
Are you looking to set up a Limited company? A limited company is a company ‘limited by shares’ or ‘limited by guarantee’. Read on to learn more. Limited by Shares Limited by shared companies tend to make a profit. Ultimately…
Hiring An Accountant
Are you a small company struggling with time to keep up with your bookkeeping? As a small business time is of essence and cash flow can be tight but budgeting well and incorporating an accountant into that budget could save…
Top Tips To Improve Your Business Expense Management
While many large businesses have dedicated accounting departments, we know that small businesses often don’t have the same facilities. That’s why expense management is so important for small businesses to get right, as it provides easy savings that will make…