If you've ever wondered about why so many people are making the move into freelancing, or what steps they need to take in order to make the jump away from permanent employment, click the image to see our full infographic and learn about why, what, how & where of becoming a freelancer.
With Christmas and New Year out of the way, that annual bug bear for millions of people across the UK now looms on the horizon. Whilst your credit and debit cards remain white hot from the pre & post Christmas spending frenzy, you're likely to be starting to think about your self-assessment tax return. Unless you're one of the 24,500 people who managed to get your tax return filed just prior to Big Ben bringing in the start of 2016, then you're quickly running out of time to get yours filed with HMRC before the deadline at the end of the month.
The dust has now settled on the rather surprising result from this year's General Election. With the Conservatives sweeping to an overall majority, they now face limited opposition when it comes to passing their policies through Parliament. We already know that there will be a referendum before 2017 on whether to remain in the EU, but nothing was spoken in the hullabaloo in the run up to voting day about IR35, although we did hear from the Chancellor's Autumn Statement about plans to simplify the tax system. However, little else is known about what is planned by the Tories when it comes to the self-employed, contractors and freelancers, who now make up a 12 million strong voice? We've put together this infographic to showcase from their manifesto some of the policies which will likely impact at some point over the course of the next 5 years. (more…)
Whether you've made the move into freelancing because of the flexibility it brings to your lifestyle, or you've taken a long term contract with a new employer, there's a lot to consider when it comes to setting up your own business - particularly if you choose the Limited Company route. Your first few years brings a lot of choices and considerations, we think of it a bit like The Game of Life, which has inspired us to create this infographic to show some of the main decisions you'll have to make when you start your own business as a limited company contractor. Enjoy! (more…)
In 2014, the UK surpassed previous records as the number of people opting to be self-employed soared past 4.6m people - more than 15% of the entire workforce. This got us to thinking about previous trends in self-employment and how the peaks and troughs match up with economic performance in the past, why people turned to self-employment, and what the future holds for this important part of the UK working population. The net result is this infographic. Enjoy! (more…)
One of the first questions you may ask yourself when making the move into self-employment is whether you actually need to fork out hundreds of pounds on getting the right financial advice to support and make a success of your business. After all, you're really great with your own money - so why shouldn't doing your own accounts carry through to your new business? The problem is that getting, and investing in the right advice from the outset is probably the best way to get your business off the ground. After all, wouldn't you rather be out there growing your business, or making sure everything's in place for your business to succeed? (more…)