Author: Rachael Anderson

The importance of having good bookkeeping software can’t be overstated, and this is especially true if you’re doing everything yourself. One of the main advantages of being a freelancer is that you answer to no one, but this also means you’re solely responsible for ensuring the smooth running of your business. No pressure! Bookkeeping, the process of recording all the transactions in your business, is one area where it can be particularly difficult to keep track of everything all on your own, which is why good software can prove invaluable, simplifying your financial management and saving you precious time in…

It’s an understatement when we say being a freelancer can be tough. And once you’ve added Christmas into the mix, think clients’ hours all over the place, the pressure to hit your own personal goals before the New Year, etc – it can all feel a bit too much.

Freelancing is great for so many reasons. It gives you full autonomy to run your business how you see fit, lets you show off your creative flare without anything holding you back, and gives you the power to decide how much, or how little, you want to work. But as a freelancer you still have rules you must comply with – we’re talking about all things tax! For some freelancers, putting their business’s finances through a business bank account is a legal obligation, but for others, it isn’t (although it could be in your business’s best interest regardless). In this…

Many businesses use wholesalers and suppliers, from the retail store where you purchase your favourite autumn jumpers, to the hairdresser blow drying your hair after a quick shampoo.

Considering recent challenges like the global pandemic and the rising cost of living, a lot of people are turning to side hustles to supplement their income. If you’re thinking of starting up your own side gig, you’ll be joining one in five Brits that have done the same since March 2020. But where exactly do you start? We’ll give you some tips and tricks on how you can start a freelance side hustle. What is a side hustle? A side hustle is basically a hobby or side job you do part-time in addition to any other employment you may…

Artificial intelligence (AI) has become a popular topic of conversation amongst freelancers all over the world, and while some of those conversations are positive, others aren’t so optimistic. As a freelancer, you may worry that AI could take work from you, which is a very valid concern. After all, there’s very little it can’t do! But what if you used AI to your advantage? By treating AI as a tool rather than a replacement, freelancers could improve their work in a more efficient way. In this blog, we’ll explore how you can make AI work for your freelance business. …

Let’s be honest here (our Freelancer News circle is a safe space), without making any profits, most of us would be rethinking our careers, and that’s ok. If you’ve ever thought about giving up and going back to paid employment, we feel you. It’s something that crosses almost every freelancer’s mind at least once. Not to mention business owners and self-employed individuals are being hit harder than ever with the cost-of-living crisis, and prices becoming more expensive by what feels like the millisecond. We know this doesn’t make you any less passionate about your freelancing work, but the vast majority…

You can spend most of your working life blissfully unaware of any HMRC jargon, letting PAYE do its thing. But then decide it’s time to venture into the unknown and become your own boss, and before you know it, tax jargon is coming at you from all angles. At some point, as inevitably as tax itself, you’ll encounter Self Assessment, and before you know it, payments on account. Intended to make paying your tax bill easier, payments on account can also be an unwanted surprise, which is why we thought we’d share our guide to what they are. So, what…

When starting out as a freelancer, it can be difficult to understand how much to charge clients for your services. Having the freedom and flexibility to determine your rates comes with its own rewards and challenges.

When it comes to sending invoices to your clients and customers, making sure you’ve included all of the necessary information is vital. Not only does this simplify the process on both ends and reduce the risk of any unnecessary complications (such as late payments), it’s also essential for best-practice accounting.