Business Guides - Starting Out
Essential elements for start-ups and existing businesses - Freelance UK speaks to the Forum of Private Business about the best ways to turn your ideas into a commercial reality.
If you are working through a limited company, you will pay yourself a monthly salary (many take a small salary). Those caught by IR35 will pay themselves a 'deemed salary'.
There are various insurances that you might need, but Professional Indemnity is the must have for certain freelance sectors these days.
Traditional lenders require three years of a freelancer's accounts, however Freelance UK has negotiated a special deal, with no arrangement fee with freelancer money specialists, FreelancerMoney.
If you have decided to trade through your own Limited Company then you really ought to have an accountant to help you with the various forms, obligations, taxes etc.
A portfolio is a showcase for your talent and experience. As you move from job to job more frequently by nature as a freelancer, your portfolio will become your strongest selling tool enabling you to demonstrate past successes in why you were a useful or profitable resource.
As you are your own boss, you are the only person responsible for not only ensuring you deal with the day-to-day admin but also that you are compliant with all regulations.