Have you got a tax hangover?

HMRC website

If you were one of the many people who left everything to the 31st January tax return deadline, you might now be recovering from what I call the tax hangover.

It’s caused by a mixture of adrenaline, that feeling of wooziness because you’re not quite sure if you did everything right, coupled with relief that it’s over, followed hotly by the unpleasant realisation that you have to do it all again next January.

But it doesn’t have to be like that!

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Posted on 12 February 2019

Taking the sting out of 31 Jan tax deadline

Image pound sign

You might be vaguely aware that the 31st January is an important deadline for tax affairs.

In fact it’s two deadlines:

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Posted on 14 January 2019

Budget 2018 – what does it mean for freelancers and self-employed?

Tax buttons on calculatorI’m writing this just as the Chancellor sits down from delivering his 2018 budget. It was heavy going, mainly because his jokes were so awful.

What he covered in the speech is only the tip of the iceberg. More detail will drip out as we trawl through the big Budget Red Book.

What I can give you here is a quick run-down of bits that might affect freelancers and self-employed folk, as he mentioned them in the House. READ MORE >

Posted on 29 October 2018

How not to be skint when freelancing

coins and note

At a recent freelancing workshop someone asked a great question. “How can I avoid being skint in winter when there’s no work?”

This simple question goes to the heart of good financial management when you’re freelancing. READ MORE >

Posted on 01 October 2018

New simplified cash flow planner for freelancers

I’ve been going through cash flow planning with sole traders now for nearly 15 years, and it’s a great way to plan how to not run out of the money.

A cash flow sheet READ MORE >

Posted on 01 October 2018