Like all contractors, IT contractors should get adequate professional indemnity insurance to cover them for certain professional risks. This is a guide to professional indemnity insurance for IT contractors. Whether you’re new to the world of IT consultancy, or you’ve just started working with bigger clients and you’ve realised you need insurance, this guide will…
You might think that, as a sensible, law-abiding citizen, you’re unlikely to ever have any legal expenses. And you might be right. However, you don’t need to necessarily break the law to need legal representation. What is Legal Expenses Insurance? Legal expenses insurance does exactly what it says on the tin: It’s insurance that covers…
A HMRC investigation is a daunting prospect for any business. These investigations can be immensely time-consuming and extremely costly. So for self-employed and small businesses, the idea of a HMRC investigation can be genuinely terrifying. You can avoid HMRC investigations if you learn about the sort of circumstances that commonly trigger investigations. There are also…
5 Resources That Have The Potential To Help Your Small Business It can feel like you’re alone when you’re running a small business, particularly if you’re operating as a solopreneur and operating from your private home. While you might be running a company as an individual, these resources could be the company worth keeping around….
It is international Women’s Day and we should be looking for people and things to celebrate. We should also be highlighting inconsistencies in opportunities, like – funding for women’s startups. Do just one thing? Support more women to start and grow new businesses! Mike Jenkins, CBE The British Business Bank reports annually on the small…
Are insurance premiums subject to VAT? Do you have to pay VAT on your insurance? Short answer: You almost never have to pay VAT on insurance. But sometimes you do. Sort of. In this post we’ll explain the law concerning VAT and insurance, and explain when you do and do not have to pay VAT…
An insurance broker acts as an intermediary between a client and either a single insurer, or a selection of insurance companies. First, they’ll work to ensure you get cover that meets your exact needs. Then, in the event of a claim, they can manage the process on your behalf to ensure you get a fair…
Whether you’re a self-employed freelancer or contractor, or a small business owner, understanding your cash inflow is vital to managing your business finances. In this post we’ll explain what cash inflow is, explore some inflow of cash examples, and discuss how tracking your cash inflow can help you secure your business’s long-term success. What is…
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…