Business Guides - Your Accounts

Accounting Software for freelancers from FreeAgent

FreeAgent is an accounting software company that helps freelancers keep their taxes, financial information and business plans secure. This gives you the chance to easily transfer your invoices and other documents in a smart way, as well as rapidly sharing your spreadsheets between clients without any problems.

Choosing the best accounting software for freelancers

What to consider before putting accounting software to work in your self-employed business.

Ready to file your self-assessment digitally?

By transitioning to digital, your accounts and receipts will be easier to manage and they’ll take a fraction of the time to process, enabling you to work on other elements of your business.

How to future-proof your finances as a freelancer

It is important to build up financial resilience therefore, this article will highlight 5 ways to future-proof your finances as a freelancer.

A guide to record-keeping and expenses for freelancers

There are a number of rules about record-keeping and by not adhering to them, you run the risk of losing out on any tax relief – or worse, being penalised by HMRC.

How to go about getting a self-employed mortgage, even if there’s a pandemic on

Part one of four on the practicalities (and realities) of home loans for freelancers.

Should freelancers defer their second Payment On Account?

Payments on account are advance payments towards your next tax bill. They’re calculated based on the amount that you paid the previous year.

What benefits can an accountant offer me as a freelancer?

Whether you are a self-employed freelancer or you operate through a limited company, there are many benefits to seeking professional help from an accountant. Here, we look at the benefits that an accountant can offer a freelancer. 

Do I need to complete two tax returns if I’m a Briton who freelanced in Germany?

A multi-talented sole trader won’t have to suffer tax twice, but does have dual returns to fill in to avoid flouting HMRC rules.

3 Benefits of having a business bank account for freelancers

In this guide, we look at the 3 Benefits of having a business bank account for freelancers including easier bookkeeping, access to credit and options for the future of the business. 

Five reasons you may still need cheques and why

The paper cheque does still play a part in money transactions in both business and for private individuals.

How to charge for late payment

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

Do freelancers need accountants?

Freelancers need accountants in order to save time and money when it comes to dealing with your taxes. 

Creating a freelance bookkeeping system (in five easy steps)

In this guide on bookkeeping, we look at creating a freelance bookkeeping system in five easy, manageable steps. Some steps included are understanding your current situation and identifying key components. 

A freelancer's guide to managing cash flow

Cash flow management can be a huge challenge for the self-employed, however, it’s important to keep on top of it when you work for yourself.

How to stay afloat when you start your freelance business

Here are a few simple ways to help you stay afloat when you start your freelance business.

Apps to help freelancers manage their finances

For freelancers time is money and one way to reduce stress and manage your business effectively is to take advantage of the technology that is now available. Here are five finance management apps that you should consider. 

Claiming expenses as a freelancer

As a freelancer, claiming for expenses can be essential to helping you save money. Tracking all of your purchases and outgoing costs should, therefore, be done, so that you can deduct this from your profit and ensure that you are not overpaying on your tax.

How to minimise financial risk for your freelance business

Minimise financial risk for your freelance business by following these tips: vet the credit history of clients, deal with the decision makers and make sure to prioritise predictability and those clients that are reliable. 

How to be the boss of your money as a freelancer

A guide for freelancers on how to be the boss of their money. The main points highlighted include having an emergency fund, save for your pension, remember the 30 percent rule, set goals and stick to them and manage your money effectively. 

Freelancers need to consider boosting their income with peer-to-peer lending

If you're a freelancer, finding a new way to maximise your income is always helpful. Here is how P2P (Peer to Peer) lending can significantly boost your income by putting your cash to work as a loan.

How freelancers can avoid late payments

Freelancing is getting increasingly popular and so with the rise of the freelancer, the late payment issue is becoming bigger. Freelancers struggle to manage their cash flow as big companies continue to pay them late, this guide on automated invoicing and credit scores highlights how to tackle the issue. 

How to manage your finances as a freelancer

Managing your finances as a freelancer and doing it effectively can mean the difference between success and failure. Freelancers will need to be prepared for financial issues as well as being aware of the taxes. 

How to choose the right accountant for your freelance business

If you have decided to go freelance and set up a freelance business, you will need a freelancer accountant. An accountant can be an incredibly important part of your business, helping you deal with your businesses finances and taxes and helping you grow. 

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.

Introduction to VAT

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

The Basics of VAT for freelancers

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