Mortgages are not rocket science. However, lenders especially do like to wrap up a relatively simple process into a more complicated, jargon heavy transaction that can leave you frothing at the mouth.
No sooner have you settled back into work after a festive break do you have to take care of your Self Assessment. 31st of January is the cut off point in case you missed the billboards dotted around the UK and there is a £100 fine if you miss the deadline with an additional £10 per day for 90 days thereafter. To make the process as painless as possible we've put a checklist together for you to follow.
What you are worth and your bottom line are two very different things. The main difference is that the former relates to your value while the latter is a calculation to determine what you need to charge in order to sustain your current standard of living or 'break-even' point. The beauty of this little bottom line formula is that you can adjust it to find out what your freelance hourly rate should be to achieve the life you'd like to live. Remember, know what you are worth, then ask for it!
Getting paid (on time) is one of the biggest frustrations our members have to deal with. Along with the freedom of being your own boss comes the hassle of staying on top of your invoices and finances in general. Many freelancers still use the basic methods of emailing an invoice made via Word or Google Docs making without any tracking process. Other freelancers use an online tool to monitor payments. However you oversee your invoices, you've undoubtedly got a story of a late payment, a non payment or a dispute with a company about money. We feel your pain. We've been there (trust us). We've also done the research to help.
Working alone can have its benefits. A tea round for one takes no time at all, for example. When things go wrong, however, it can be a lonely and worrying time. It’s down to you alone to put right any problems with your work, and placate unhappy customers.