Business Guides - Your Accounts

5 most effective money saving tips for freelancers

Freelancers need to extra hands on when it comes to saving money and dealing with freelancer finances. This guide features tips on saving money and they include making a new budget, managing tax, cut expenses, get a business cred card and have budget-friendly meetings. 

Understanding when your business is heading for financial trouble

The success of any freelancer depends upon their ability to win commissions and, ultimately, get paid for a good job. Yet with new clients, pitches, articles, and deadlines to focus on, many freelancers will happily leave the business admin for another day. Be warned, if you neglect your finances you could find yourself without a business to focus on.

A guide to Individual Voluntary Arrangement

The guide to Individual Voluntary Arrangement highlights what exactly an IVA is and how it can benefit the self-employed. It can help sole traders pay their debts without losing their business and personal finances. 

Who are accountants?

Unfortunately there is nothing to stop anybody calling themselves accountants. This means that it is vitally important to understand the three main types of accountants.

What expenses can I put through the company?

A breakdown of claimable expenses.

Introduction to VAT

Information for those new to VAT: rates, how to register, VAT returns and invoicing.

The Basics of VAT

Your freelancer guide to compulsory and voluntary VAT registration, VAT returns and the flat rate scheme.

Types of Accounts

Just as there are several different types of accountants, there are also many different types of accounts.

Accounting Rules

Most accounting is little more than applied common sense. However, there are two golden accounting rules that are not immediately obvious - and so it is worth spending two minutes describing them.

Your Books

Both sets of accounts (management & statutory) use the same basic information which they get from the same place - the Company's "books". First we shall look at the accounts themselves.

Bookkeeping basics

Your accounts can only ever be as accurate as the books you keep. In this section we explain the books you will need - and those you won't!

Credit control

There are sadly a great number of potential customers in the market who can cost your business a great deal of time and money by not paying their debts. Here is Freelance UK's guide to controlling them and keeping your credit the right side of the line.

How to get paid when freelancing

Ten tips from an industry expert offering advice on how to speed up tardy payment from a client - and what to do if they refuse to pay.

Step- by-step guide to collecting payment

Joan Yeadon, proprietor of Credit Control Consultancy, explains how to collect payment quickly and effectively.

How to charge for late payment

The Better Payment Practice Group reveals how tardy payers can earn you money.

Enforcement of Small Claims Judgments in the County Court - Part 1

Legal experts, PRMS Ltd, look at how freelancers can recover debt.

Enforcement of Small Claims Judgments in the County Court - Part 2

Legal experts, PRMS Ltd, continue their advice on how freelancers can recover debt.