Self-employed people must pay National Insurance contributions. But the good news is that the rate you’ll pay is lower than the rate employees pay. This is your essential guide to National Insurance for the self-employed. We’ll explore how much you have to pay, how to pay it, and what happens if you don’t pay. How…
If you’re new to the world of freelancing, then you may also be new to the world of tax returns. When you work for a company, tax is relatively straightforward – it’s just a figure that shows up on your payslip, a sum that HMRC takes off your wages each month. This arrangement is known…
Life as a freelancer can be immensely rewarding and very well-paid. But it can also be challenging, particularly if you’re just starting up. We have many guides that’ll help you make those important first steps as a freelancer: One area where most new freelancers struggle is in finding paying clients. Where can you find clients…
It’s common for people to work multiple jobs. You could have a full-time job and a second job, perhaps working evenings or weekends. Or you could work multiple part-time jobs. Many also do some self-employed work alongside a second job. All of these working arrangements can cause some confusion about the amount of tax you…
Professional indemnity insurance could save your business, and your reputation. You might be wondering whether you need professional indemnity insurance, or whether you can afford it. But perhaps a better question to ask yourself is – can you afford not to get professional indemnity insurance? Do I Need Professional Indemnity Insurance? If you’re a freelancer…
It’s every freelancer’s and contractor’s worst nightmare: You do the work, but the customer refuses to pay. It’s frustrating, but the good news is that the law is on your side. So let’s take a look at the steps you can take if a customer refuses to pay for work done. We’ll also look at…
If you’re reading this, the chances are that you have some questions about how to write an invoice. This is something that nearly all self-employed freelancers and contractors struggle with initially. But don’t worry: You’ll soon find that writing an invoice is simpler than you might think. In this post, we’ll outline the things you’re…
If you’re just starting out as a freelancer, then you may be thinking about managing your own taxes for the first time. In this post we’ll explain certain tax thresholds for freelancers, including the amount you can earn before paying tax. We’ll also discuss some other steps you’ll need to take if you’re starting a…
An unpaid or delayed invoice is something all freelancers and contractors have to deal with at some point. Some clients are just forgetful, or disorganised. But you’ll also encounter clients who, for one reason or another, simply refuse to pay an invoice. So when faced with a non-payment of an invoice, what are your options?…
Being your own boss today is easier that it’s ever been before. More of us are becoming immersed in the world of freelancing, whether that’s in search of freedom, flexibility, work-life balance or simply to tap into additional income. Side gigs, market places or sharing platforms are making this possible. What Business Tools Does a…