Business Guides - Your Accounts
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
A breakdown of claimable expenses.
Information for those new to VAT: rates, how to register, VAT returns and invoicing.
Your freelancer guide to compulsory and voluntary VAT registration, VAT returns and the flat rate scheme.
Just as there are several different types of accountants, there are also many different types of accounts.
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.
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.
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!
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.
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.
Joan Yeadon, proprietor of Credit Control Consultancy, explains how to collect payment quickly and effectively.
The Better Payment Practice Group reveals how tardy payers can earn you money.
Legal experts, PRMS Ltd, look at how freelancers can recover debt.
Legal experts, PRMS Ltd, continue their advice on how freelancers can recover debt.