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…
Whether you’re running an independent craft business from your spare room, or you’re managing a small business and looking to grow, sooner or later you’ll probably have to register your business. The question is, when? It all depends on what you do, where you work, and whether you employ others. This essential guide will help…
Have you ever thought about setting up your own business? For some of these home business ideas, you’ll need specialist equipment, and possibly additional training and qualifications. But for many of these businesses, all you’ll need is a laptop, a smartphone, and a lot of dedication. In this post we’ll list numerous ideas for businesses…
Invoice fraud or scams are when someone poses as your supplier or customer and sends you an invoice or bill requesting a payment. This type of cyber crime is also known as mandate fraud. A Common Scenario You get an invoice or email from one of your suppliers saying that they have changed their bank…
As a business owner, you’ve undoubtedly heard the term “company assets” thrown around in discussions about your business operations, responsibilities, and financial health. But what exactly does it mean? In this post, we’ll delve into the concept of company assets, explore the various types, and discuss why it’s crucial for businesses to be fully aware…
One of the major benefits of being self-employed is the independence it brings. You are your own boss, and you have total freedom over how, when, and where you work. But with all this freedom comes a lot of responsibility. You need to keep your own records, manage your own finances, submit your own tax…
You have until midnight on 31 January 2024 to submit your self-assessment tax return online. This would be your return for the tax year starting on 6 April 2022 and ending on 5 April 2023. In this post we’ll discuss some of the other deadlines you need to be aware of, while addressing some other…
Professional indemnity insurance can be a vital line of defence for all business owners. Whether you’re an independent contractor, a freelancer, a sole-trader, or the managing director of a small business, you should consider getting professional indemnity insurance cover. It affords essential protection no matter what industry you work in. Specialist Industry Guides to Professional…
If you’re a freelance self-employed graphic designer, then the right insurance can cover you for all the risks you might face in your work. Professional indemnity insurance is particularly important for graphic designers. In this post we’ll explain what professional indemnity insurance is and why you need it, before discussing some of the other insurance…
A Brief Overview Of Public Liability Insurance. What is public liability insurance? Simply put, it is a type of insurance available to businesses. It protects you when clients visit you at your premises and when you’re working at someone else’s. It’s designed to cover any costs that might result from a member of the public…