That iPhone X looks pretty sweet – can I put it through my company?

It’s that time of the year when the shops start flooding with new gadgets in time for the Christmas market. Tempting, aren’t they? But before you go rushing off and buying one on your company’s accounts, it’s worth knowing a little about what you can and can’t set against your taxes. Once again, we asked the legendary Kenny Fitzgerald of online accountants, My Accountant Friend, to find out how it all works.  Read More

Christmas allowance for UK freelancers and contractors – what’s that all about, Kenny?

Forgive us for doing this to you so early in the year. It’s barely October and we’re already wafting the mistletoe around (believe us – it’s all we could do to keep Kenny from donning his Santa beard). But it’s always worth planning ahead, isn’t it? And when there’s a nice bit of tax-friendly Christmas cheer to be had, well you might as well get stuck right in. Read More

Is the taxman becoming more vigilant? Here’s how to avoid suspicion

Recent reports suggest that HMRC may be increasing its activities in its enforcement of VAT rules. The suggestion seems to be that HMRC’s ‘HETs’ (Hidden Economy Teams – set up to look into people evading, among other things, value added tax) have become extra vigilant – the Freelance:UK website says that, “in the first half of this year, the number of freelance contractors claiming on their fee protection insurance rose annually by 17% – and 39% of these were VAT-related.” Read More

Tips on getting your client to pay up

Forgive us if you feel you’ve heard this all before, but freelancers working unpaid is squarely back in the news. The Creative Industries Federation reports that 8 out of 10 freelancers admit that working for free is “the norm”, with many feeling they have to do it to bolster their reputation and their portfolio.  Read More

Remaining tax deadlines 2017: stick them in the diary

With the summer slowly drawing to a close, we thought it’d be a good time to make sure you’re aware of all the important tax deadlines remaining between now and the end of January, 2018. MAF customers will, of course, be notified in good time and we’ll be helping you to fill out all the important paperwork. In the meantime, here are a few things worth remembering.  Read More

Freelance insurance: all you need to know

Of the many things that new freelancers and contractors have to get their heads around, insurance is often very low on the list. It just seems so fiddly and expensive, doesn’t it? But imagine falling sick for any serious length of time and not having freelance insurance. Imagine being charged with negligence (it could happen!) or theft of intellectual property and not having any way to deal with the inevitable expense. I hardly bears thinking about.  Read More

Startup Stories: Thriving Ventures

In this week’s Startup Stories interview, we chat with a young Birmingham-based entrepreneur (and fellow MAFster) who aims to take on two strands of the computing world at the same time. Here, Erik Gustaf Akerman talks to us about launched Thriving Ventures during his years as a student at Aston University. In an in-depth discussion, he looks at the ways in the gaming industry is changing, and how student entrepreneurship fits with traditional (more hedonistic) student life.  Read More

Freelancer’s day rates peak, but outlook lacks confidence

The quarterly IPSE Confidence Index was published yesterday, and while glimpses of positivity shone through, the general feeling was one of unease. IPSE (Association of Independent Professionals and the Self-Employed) compiled their report from the responses of 691 IPSE members, focusing on questions pertaining to business confidence, perceived demand for freelance work, and the factors that each member believed were affecting fluctuations in their abilities to do business.  Read More

Pensions for freelancers and contractors: everything you need to know

Launching your own business is about starting something new and fresh. It’s very much a beginning, so the idea of bringing it all to a close and retiring is probably about the furthest thing from your mind. However, as we found out when we chatted with Alex Caulder – an expert on pensions for freelancers – it’s very much something worth thing about now. Not only will it serve you well in the long run, there are also tax-related benefits that you ought to know about. In the following interview, Alex talks through everything you need to know.  Read More

6 things NOT to do in your freelance quest for world domination

Week in, week out, we turn up in your inbox on a Friday morning offering you friendly advice on things you ought to do to be a successful, shining example of self-employedness. What we rarely do is give you guidance on what to avoid. So, this week, we sat down with My Accountant Friend main man, Iain Morrison, to find out his top tips on what not to do when freelancing or accounting.  Read More

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