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…
You have a legal obligation to register your business. But when do you need to do this, and how do you do it? Whether you’re just starting out, or you’ve been running a business for a short while already, this post will show you how to meet the legal requirements. When To Register as Self-Employed…
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…
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…
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…
If you work for an employer, you’ll receive statutory sick pay if illness or injury ever puts you out of work. Depending on your employer, you may even receive additional benefits on top of your statutory pay. But self-employed workers don’t always have this safety net. So how can you insure yourself against long-term illness…
Treatment liability insurance is essential cover for anyone who provides certain forms of treatment, including therapy, counselling, and other health, beauty and wellbeing treatments. So whether you’re a therapist, a counsellor, a hairdresser or a masseuse, treatment liability insurance will protect you against injury or damage claims that may result from your work. What Does…
Simple On-Demand Insurance Isn’t That Interesting, Right? Let’s face it, no one wants to read about on-demand insurance. It’s like reading about wearing your seatbelt. But, like wearing your seatbelt, insurance is important and could save you from serious terrors. Of course, with insurance, the terror of not being covered will often be financial. This…