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…
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….
In many ways, an office insurance policy does exactly what it says on the tin: It covers your office and its contents for many situations that could compromise your staff, your business, your customers and your clients. But many different things could go wrong in an office environment. So really, there’s no such thing as…
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…
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…
This blog gives you the basics on minimum pay and parental leave changes with links to where you can find more from HMRC. Don’t get caught out with changes to National Living and Minimum Wage rates! National Living and Minimum Wage rates are increasing on 1 April 2024. The National Living Wage is extended to…
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…