Managing your money

How much should I take as a salary from my limited company?

One of the differences between being paid by an employer and running your own business is having to sort out your own pay. You can do this by taking a salary from your limited company - in the same way as a regular employee. Here are the benefits of taking a high or a low salary, without the jargon.

IR35

Getting your contracting business ready for IR35 in the private sector

The government is introducing changes to IR35 legislation in April 2020. What do contractors need to do to ensure they're ready for the new rules?

Self Assessment: What happens if I miss the deadline?

If you don’t file your Self Assessment and pay any tax due by 31st January deadline you’ll face fines – and potential extra penalties. Here's all the info.

Do I have to complete a Self Assessment tax return?

A Self Assessment tax return is one of the most significant tax documents you’ll be dealing with when you’re self-employed. Here's what you need to know.

UK Tax rates, thresholds, and allowances for 2019/20 (and 2018/19)

There are many different tax rates in the UK affecting both individuals and businesses - we've pulled them all together so you can keep on top of them.

How to complete your first Self Assessment

New to contracting or freelancing? Struggling with filing your first Self Assessment? Our quick guide goes over the basics of what you should do.

What business expenses can I claim as a Limited Company?

There are often limited company business expenses that go unclaimed, which means you could end up paying more tax than you need to.

What business expenses can I claim as a Sole Trader?

As a sole trader, your business will naturally incur running costs. The good news is that many of these running costs can be claimed as business expenses,

Get paid

How do you chase an unpaid invoice?

Late payments can cost you business. Here's a few ways to chase an unpaid invoice without chasing your client away.

How to keep on top of your expenses as a plumber

As a plumber, you can claim tools and business equipment back as an expense, but how do you what you can and can't claim?

Advisory Fuel Rates – What is the VAT element of business mileage on Standard Rate

Using these advisory fuel rates, you can calculate what percentage of the business mileage rate applies to fuel and calculate the VAT on that element.

Running a business

What are unsecured and secured business loans and how do they work?

We take a closer look at the differences between unsecured and secured business loans, to help you decide which may be better suited to your business.

What are the benefits of a sophisticated online accounting system?

Why use online accounting software when you can download an Excel spreadsheet for free? Well, the reasons are numerous.

Employment law

The Minimum Wage, overtime, equal pay and unpaid work experience

Anyone who is defined as a 'worker' is entitled to a selection of workers rights. We look at the minim wage, overtime, equal pay and unpaid experience.

Get paid

How to invoice your clients

You've pitched, landed the job, delivered your work...and now it's time to get your money. But how do you do that? Luckily, help is at hand! We give you the lowdown on what your invoice should include as well as links to handy free templates and software.