Who Needs to Do a Self-Assessment Tax Return?
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…
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Difficulties Paying HMRC – What If You Can’t Pay Your Tax Bill?
Can’t pay your tax bill? Don’t worry. There are some steps you can take, whatever the issue you’re facing. If you can’t pay your tax bill for financial reasons, this post will explore the help and support that’s available. But…
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How Does HMRC Know About Undeclared Income?
When you submit your tax return at the end of the financial year, you have to tell HMRC about all the income you’ve received from all sources – including self-employment, property, capital gains, and so on. This is so HMRC…
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How to Get Your UTR Number
UTR stands for Unique Taxpayer Reference. The government uses your UTR number as a means of keeping track of you for tax purposes. They can’t use your name for this, as lots of people might share the same name. Nor…
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How To Thank a Client For Their Business
If you’re a self-employed freelancer or contractor, or if you’re running a small business, then establishing good relationships with your clients is key to your long-term success. And few things are more effective at kindling good relationships than a sincere…
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How To Get Paying Clients as a Freelancer
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…
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What Are Trivial Benefits for Limited Companies?
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…
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Second Job & Self-Employed: How Much Do You Get Taxed?
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….
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Self-Employed & Working For One Company: The Rules
If you’re self-employed, you work for yourself. If you’re an employee, you work for someone else. Simple? – well not that simple! HMRC has different tax rules for self-employed people and for employees. But the line between a self-employed person…
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How Much is Professional Indemnity Insurance?
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…
