Simplifying tax for freelancers and SMEs

Image pound sign

You could be forgiven for thinking the government is only interested in Brexit and leadership contests at the moment.

But there are other things going on behind the scenes.

READ MORE >

Posted on 17 July 2019

Why our Finance for Freelancers workshop is different

Tax buttons on calculator

In the run-up to this month’s Finance for Freelancers workshop in London (book here!), I saw an interesting comment on Facebook under BECTU’s ad for the course.

The suggestion was that other organisations run free courses on tax, etc., so why bother with ours.

READ MORE >

Posted on 08 July 2019

Video demo: Monthly budget planner for freelancers

Ever wanted to know how much you have to work?

It always amazes me how few people ask themselves this question, but it’s important to set yourself a target. This gives you something to aim for, and should also stop you overworking.

READ MORE >

Posted on 28 June 2019

Video demo: Payslip record for PAYE freelancers

Keeping track of payslips is a bore. This is especially true if you’re the kind of freelancer who moves around a lot, and has bits and pieces of work with lots of different employers.

I’ve devised a very simple spreadsheet which collects all your payslip info for the whole tax year in one place.

READ MORE >

Posted on 28 June 2019

Making Tax Digital – FreeAgent interview

Making Tax Digital (MTD) is a hot topic on our courses at the moment.

Under current plans, from April 2021 every business, including sole traders, will have to use special software to report turnover and business expenses every quarter. So that means as they go along, as opposed to all at once at the end of the tax year.

This is a big change, and HMRC seems very keen to push ahead with this project, in spite of everything else that’s going on in the country.

At the 2019 BECTU Freelancers’ Fair in London I caught up with FreeAgent, one of many software providers trying to corner the freelancer market once MTD is compulsory.

I asked Matt Perkins from FreeAgent about the cost, whether software will replace accountants, and how on earth we choose which software to buy.

READ MORE >

Posted on 24 June 2019