Are Freelancers and Contractors the Same Thing?

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,…

How Do I Claim Business Expenses as a Sole Trader?

How Do I Claim Business Expenses as a Sole Trader?

As a sole trader, you’ll be used to handling everything yourself. From marketing to sales, and everything in-between, it’s down to you. It means that you’re also liable for everything financially, including those tax bills. That’s where expenses come in. It might not sound very exciting, but keeping track of your expenses can significantly reduce…

Making the Big Step from Side Hustle to Self-Employment

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…

The Benefits of Submitting Self Assessment Sooner Rather than Later

Completing a self-assessment tax return isn’t something that many businesses look forward to, but that doesn’t mean that it always has to be stressful. Although there are other priorities to juggle, there are plenty of reasons to get ahead and complete a return sooner rather than later. Why submit a tax return earlier? There are…

Free Accounting Software for Tradespeople

Free Accounting Software for Tradespeople

If your trade is also your business, you’ll be only too aware of how hands-on your job is. The thought of sitting down at the end of a long day probably doesn’t involve sitting behind a desk to sort out your accounts. It’s just one of the reasons why we’re so passionate about the mobility…