Are Freelancers and Contractors the Same Thing?

A freelancer and a contractor are two different things, though the terms are often used interchangeably. It’s easy to see why the differences between the two are often overlooked, when both are: Forms of self-employment Temporary additions to a company’s in-house workforce Non-salaried Despite these similarities, freelance work is actually a different beast to contracting,…

Creating Space for Mental Health in Business

According to the most recent Labour Force Survey (LFS), 828,000 UK workers experienced work-related stress, depression or anxiety during 2019 – 2020. To put it into perspective, that’s enough people to fill Wembley Stadium to capacity more than nine times over. Staff absences amounted to almost 18 million working days lost as a direct result…

Making the Big Step from Side Hustle to Self-Employment

First of all, let us say a huge congratulations. If you’re at the point where your side hustle is a viable means for self-employment, this is a seriously impressive milestone! Now it’s time to look at the pivotal crossroads you’ve reached. You can either continue the way you were, juggling your side hustle with other…

Reduce the Risk of Human Errors in Bookkeeping and Accounts

As humans, it’s pretty tricky to avoid human error entirely. It’s in our nature to make mistakes, especially if we’re busy running a business. But it’s also crucial to try and limit potential errors in your business accounts….

Accountants, Are You Talking To Your Clients About MTD for Income Tax Self Assessment (ITSA)?

Let’s start this with another question. Should you be talking to your clients about Making Tax Digital for Income Tax Self Assessment (ITSA)? Guidance around it is still fairly generic, so it’s difficult to offer clients much in the way of detail. But, the internet is slowly filling with articles rehashing what little is known…