Author: Stephanie Whalley

Unfortunately, the answer to the question of whether freelancers get paid more than employees isn’t a simple yes or no. There are a whole host of different factors and variables that can come into play to sway the verdict one way or another.

There are currently more than 2 million freelancers in the UK, contributing approximately £125 billion to the economy. It goes to show just how significantly freelancing has grown in popularity over the years, appealing to people across sectors, specialisms, and levels of seniority. There are lots of reasons why someone might choose to go freelance, such as redundancy, a desire to gain professional independence and ‘be your own boss’, or simply to earn extra income to supplement an employment salary Perhaps you’ve got your own personal reasons for wanting to explore the world of freelancing. Either way, it’s essential to…

According to research published by Henley Business School, 1 in 4 UK adults have some sort of ‘side hustle’ – an additional job or secondary income on top of regular employment. It seems like more and more people are looking into freelancing as a way of making extra cash on the side. Before you hit the freelancing jobs boards though, let’s take a look at some of the pros and cons of freelancing on the side, as well as what to look out for. When you might NOT be able to freelance on the side Before we delve into…

Freelancing can be a really great gig, but it can be super tough at times too. Between managing your schedule, maintaining client relationships, going after new business, and chasing payments, it can often feel impossible to find time to do any work. “There are plenty of hours in the day”, said no freelancer ever. It’s hardly surprising that the idea of setting up a separate bank account just for the business can seem like a right royal pain, but it can actually make things easier in the long run. In fact, depending on how you set up your business, it…

One of the best things about freelance life is the freedom it affords you. Even when you’re working on a long-term project, being your own boss means you can make decisions so that every day is different. Having this sort of diversity in your work can be an incredibly liberating feeling.

Unfortunately, this question is right up there with ‘how long is a piece of string?’. The short answer is that it all really depends on a whole host of variables, such as: The reason the work wasn’t completed The kind of relationship you have with the client External influential factors which neither party can do much about In most cases a commonsense approach is probably what’s needed, but freelancing isn’t always so straightforward. So, let’s take a look at some examples of what happens when a project doesn’t work out, and what this means for billing. In some cases, charging…

Thinking about becoming self-employed? There are quite a few tax breaks and allowances out there that can really make a difference to your wallet. One of them is the trading allowance.

If you’re planning to work as a sub-contractor in the construction industry, then it’s worth knowing that most construction-based trades will fall under the Construction Industry Scheme. CIS affects how you get paid by the contractor who hires you, so this blog takes a closer look at what CIS is and what you need to do. A quick introduction to CIS tax CIS was introduced in 1971 to ensure that tax is collected from payments made to subcontractors in the construction industry. With a few exceptions, any business operating in the construction industry will be classed as a “contractor”…

As a freelancer, managing your cash flow is something you can’t really put off. With an often-unpredictable income, it can also be somewhat tricky to get right. Here we’ve put together some tips to help you manage your cash flow like a pro.

You’ve had an idea for an online business and you’re excited to launch your product or service into the digital world. So where do you start? The idea of choosing an ecommerce platform might seem a bit overwhelming.