All businesses, big and small, should offer employee benefits beyond the salary. Good employee benefits are crucial if you want to attract and retain talented and passionate staff. They’ll also help increase morale and productivity, while improving relationships between staff and management. You can read our guide to the best employee benefits. But an employee…
This is an essential guide to starting a career in psychiatry. There are multiple paths into this profession, and this blog will cover possible routes for: For a more information about what a psychiatrist does, read our guide to the differences between psychiatrists and psychologists. How to Qualify as a Psychiatrist Assuming you’re right at…
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…
If you’ve never had to send an invoice before, you might be wondering what to include, and what to expect. So we put together this essential guide to invoices for UK businesses, to help you get your invoice right first time. What Does a Freelance Invoice Need to Include? There are some things that you…
You can claim certain business expenses as part of your tax return. Only some expenses are allowable. You can read our complete guide to allowable expenses for self-employed workers. This is why it’s a good idea to keep the receipts for any purchase you make for your business. With receipts to hand, you’ll have a…
When working out your hourly rate for contracting, what you’re really trying to work out is this: How much is your time, your energy, and your talent worth? These are difficult questions for anyone to answer. So instead, when working out your hourly rate, think in more grounded terms. Think about how many hours you…
Going self-employed for the first time can be nerve-wracking. There are many benefits to being your own boss. But when you’re your own boss, you have to take care of everything. So if you’re new to the world of self-employed work, how can you be sure that you’re doing everything right? This is your essential…
If you’re thinking about setting up your own business, you’re no doubt aware of the many administrative responsibilities you’ll have to take on. One thing many wonder about is: Do I need a business bank account? Or am I OK to continue using my own personal account? Unfortunately, there’s no short answer to this question….
If you run a business, whether you’re a freelancer, a self-employed contractor, or the managing director of a limited company or partnership, you need to keep detailed records for tax purposes. These records might include all sales and incomes, all your business expenses, and if you’re self-employed, records of your personal income. If you employ…
If you’re new to the self-employed world, you might have some questions about the sort of National Insurance you need to pay. This is your essential guide to your National Insurance obligations as a self-employed freelancer or contractor. We’ll take a look at the difference between Class 2 and Class 4 National Insurance, which should…