As a new business or freelancer, sending an invoice may feel like unchartered territory. But if you sell a product or service, you are required by law to give your customers an invoice. And before you ask, no, an invoice…
The announcement of the Autumn Budget meant a lot of changes for small businesses and sole traders across the UK. Rishi Sunak explained how his proposal will help build the economy after the pandemic and give relief to the most…
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…
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…
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…
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…
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…
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…
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…
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…