Across the land, freelancers are digging out old invoices, requesting receipts and figuring out which expenses they can put on their self assessment tax form as the deadline draws ever closer. However it's not just January 31st that freelancers need to be aware of, there are a couple of additional dates to put in the diary. Our friends at TaxScouts have compiled a handy checklist of key tax dates, ways to file your self-assessment and consequences if you don't to ensure freelancers stay on top of their financials.
Bootstrapping is a term bandied around a lot to describe the way in which many entrepreneurs operate, manage and finance their startups. What exactly does bootstrapping in business mean though?
In many ways, the freelance revolution has been great for gender equality. It’s no wonder that more and more (especially young) women are going freelance. It’s a tantalising opportunity for empowerment - working for yourself with flexibility and freedom, whilst escaping the hierarchies of corporate work. Utopia - am I right? Not quite.
The self-employed community welcomed the Chancellor's Self-Employed Income Support Scheme (SEISS) to help ease the financial pressures many are under during the current crisis. However, as many as 2 million self-employed individuals are estimated to be ineligible for the scheme. To see if you are able to claim, we've designed a SEISS infographic.
How to get paid on time is a question we get asked on a daily basis. It seems that every freelancer has a story or two about a late payment, battling with a client for payment or not getting paid at all. Getting paid on time for the work you do as a freelancer is essential to keep money flowing into your business but more importantly, to turn your passion into a long term successful freelance career. So, why is it so hard to get paid on time?
Working from home is one of the great joys of being self-employed. Gone are the days of rush-hour traffic and races against the clock - now you can just roll out of bed, brush your teeth, and welcome the day at your own pace.
In 2015, we teamed up with Crunch to write a piece on the impact the general election might have on freelancers. Looking back at the article today is remarkable. Labour lost it's identity, the Conservatives chose to shun the self-employed and there has been little to no movement on the key points that were raised, namely late payments and equal rights for the self-employed. As we shuffle into a post Brexit Britain 5 years later, we look back at the promises that were made to the self-employed in the UK and ask 'has anything changed?'.
Finance and doing your accounts is arguably the least exciting part of running your own freelance business. Unfortunately, it is one of the most important - getting savvy with your business finance will not only save you considerable stress when it comes to filing your taxes but could also be the key to your business growth and success.