As a freelancer or sole trader, finding ways to keep costs down and to save money is essential, whether you’re just starting out or already have a well-established business.It can be a challenge to stay on top of your cash flow as you have to do everything yourself while still ensuring your day-to-day tasks get done. T...
Running your own limited company is full of challenges that you're unlikely to face in other areas of life, one of which is managing business expenses.Effectively managing these expenses can have significant tax benefits for your business, so it's worth brushing up your knowledge on what they are, how they work and wha...
If you’re thinking about setting up a limited company, it’s important that you’re aware of the responsibilities and duties that come from being a director.When you’re the director of a limited company, you are responsible for the strategic and operational decisions, as well as its day-to-day management, but you have o...
Are you just starting out in business? If you’re new to freelancing or contracting, it’s important to be aware that you must keep track of your records, from transactions to receipts. Paying attention to your accounting from the get-go will help you to be organised from day one.And, if you’re organised, you’ll be able ...
Cycling to work is already common in many countries around the world, especially in big cities. Cycling is becoming more and more popular due to the health benefits it provides and how cost-efficient it can be, especially compared to driving. And, due to a UK government’s initiative, cycling can also offer tax benefits...
In a statement today Chancellor Rishi Sunak has revealed several steps that the Government are taking to secure the UK economy over the coming months. The plan aims to kickstart the economy, whilst also focusing on protecting the jobs of the millions who still find themselves furloughed. Below is an overview of the mai...
Despite facing strong opposition, the controversial reform to off-payroll working rules will go ahead as planned in 2021.The changes to IR35 will see all medium and large private sector businesses in the UK become responsible for setting the tax status of all contract workers they engage with.It had been expected that ...
Knowing how to invoice a client is crucial for self-employed individuals, be it contractors or sole traders. From writing an invoice with the right details to understanding the obligations on payment that both you and your clients share, you should be aware of the ins and outs of invoices in order to make the most of t...
Perhaps your work is on hold due to the current COVID-19 situation or maybe business has simply slowed down – whatever the reason, we’re taking a look at how you can make the most out of your downtime in this article, whether you’re a contractor or a freelancer.As contractor accountants, we know how important it is for...
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Unit B Lostock Office Park
Lynstock Way
Lostock
Bolton BL6 4SG
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