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Why it might be better to set up a limited company this year

Why it might be better to set up a limited company this year

However, working as a limited company does give you ultimate control over your work situation and finances, and this is why working as a limited company may be better for you in 2012. Since the Agency Workers Regulations came into force at the end of last year, many businesses have become wary of hiring freelancers [...]

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What is late payment interest and can I charge it?

What is late payment interest and can I charge it?

One of the most common problems for freelancers and small businesses is either late or non-payment of invoices from clients. When working as a limited company everything to do with the financial side of your business is left up to you and where those working under an umbrella company have the back up of a [...]

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HMRC shelves Business Record Checks for the time being

HMRC shelves Business Record Checks for the time being

HMRC have recently announced plans to review the system of Business Record Checks and have postponed the scheme for the time being, in the face of numerous complaints from businesses who felt the system was too strict and stifling. The idea behind business record checks was that HMRC would be allowed to make random checks [...]

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Project Merlin fails to give freelancers easier access to loans

Project Merlin fails to give freelancers easier access to loans

Launched in 2011, the Government’s Project Merlin was brought in to encourage banks and other lenders to be more free with lending to freelancers and small businesses – in order to improve confidence amongst the self employed. in another move, the Government announced plans to underwrite £20 billion in loans to small businesses in order [...]

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Working with difficult clients and how to get your contract accepted

Working with difficult clients and how to get your contract accepted

Working as a contractor or freelancer has plenty of perks, but at the same time you are bound to come up against problems you would not if you were working as an employee, and one of these is getting clients to accept your contract. Of course, you could always decide not to work with the [...]

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Why you should avoid clients with only cost in mind

Why you should avoid clients with only cost in mind

Over the course of working as a contractor or freelancer you are sure to come across a client who is looking for a temporary worker based only on price. For new freelancers this can be a godsend, as they are often charging the lowest rates but also have the lowest amount of experience on their [...]

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Contracting as a second job – what you need to know

Contracting as a second job – what you need to know

Whether you are looking into becoming a contractor full time and would like to give it a go before making the leap completely, or would just like to earn some extra money on the side using your skills, contracting or freelancing as a second job can be a very successful way of earning extra cash [...]

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Working from home – how to up your productivity

Working from home – how to up your productivity

One of the best things about being a contractor or freelancer is that you often get the opportunity to work from home. This not only saves time and money on a daily commute but gives you more freedom to work to your own schedule. This can mean that you can take on much more work, [...]

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Contractor and freelancers – how to do your own accounts

Contractor and freelancers – how to do your own accounts

As a contractor or freelancer you will need to make sure your accounts are always up to date for tax reasons as well as for a number of other reasons. If you want to apply for a loan or mortgage the bank will want to see your accounts, any new customers may want to see [...]

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Missing the deadline for tax returns could prove expensive for contractors

Missing the deadline for tax returns could prove expensive for contractors

Today is the government’s official deadline for filing your self assessment tax return if you are self employed or a contractor working through your own limited company. With repeated warnings sent out to contractors throughout the year reminding them of the paper return deadline in October and then the January 31st deadline today, there should [...]

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