As with most things involving your business finances, this question doesn’t have a simple yes or no. For freelancers, business rates are a common point of confusion. Many freelance workers operate their business from their own homes, so it’s not surprising that you might be!
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Maybe you’re new to the world of freelance. Perhaps you’ve been freelancing for quite some time now. Either way, writing pitches and proposals might not be what you deal with on a day-to-day basis.
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It’s a common misconception that tax rebates are something that always happen automatically. Taxpayers sit waiting for their refunds to drop into their accounts and are understandably outraged when they don’t.
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IR35 is on every freelancer’s radar right now as the freelance workforce tries to make sense of the legislation. If you’re baffled by all things IR35 and how it applies to you, fear not. You’re not alone.
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The life of a freelancer comes with many benefits. Being able to choose where and when you work, the diversity of projects you’re involved in, the freedom to select which clients you do (and don’t) work with, and beyond.
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As a freelancer, working for clients overseas is an appealing prospect. It opens doors to exciting new opportunities, extends your network, and means you’re not always up against the same competition time and time again.
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As a freelancer, securing work is no linear process. Sometimes jobs trickle in while you anxiously twiddle your thumbs. At others, multiple clients contact you at once wanting work done immediately.
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So you’ve become your own boss – big congratulations! But whether you’re embarking on a side gig or freelancing full time, taking this new and exciting step can also be pretty scary.
One thing lots of new freelancers struggle to get to grips with are their tax liabilities. So we’ve put together a quick guide for freelancers on all things Self Assessment and tax returns to hopefully make things easier.
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As an employee of a business, trading compliance is probably not going to keep you up a night (unless that’s your actual job). However, when you’re a self-employed freelancer, you’ve got to protect your livelihood and professional reputation.
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If you’ve landed on this article then we’re guessing you’ve just wrapped up (or are about to wrap up) your full-time education and are now chomping at the bit to get out into the big, wide (working) world.
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