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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

76% of UK’s freelancers and contractors have no means to cover sick pay

Fascinating news broke yesterday ahead of the publication of the forthcoming Taylor Review (an official report into employment practices in the modern economy led by the Chief Executive of the Royal Society of Arts, Matthew Taylor), suggesting that three-quarters (76%) of the UK’s micro businesses aren’t set up to deal with extended sick leaveRead More

Why hire an online accountant?

A few weeks ago we looked at the more basic questions: why hire an accountant? Why not do it yourself? This week we’re being a bit more future-facing and asking what the benefits are in hiring an online accountant. As you’ll see, they’re many and varied.  Read More

Student entrepreneurs redefine the meaning of “summer job”

Back in the days when this blogger attended university, typical student jobs were fairly restricted to bar-keeping, shelf stocking, envelope stuffing and occasional unpaid shifts at the student union (where you’d get in to events for free and they might let you snaffle a beer). Scroll forward a couple of decades and things have changed considerably. The latest role the university masses are proud to add to their CVs? Student entrepreneur.  Read More

Why hire an accountant? Why not do it yourself?

If we’re about nothing else here at My Accountant Friend, we’re about trying to be useful and helpful. One of the most commonly asked questions we hear is, simply: why hire an accountant? Why shouldn’t I just do it myself? We understand this very well. As many of our clients are self-employed startups, freelancers or independent contractors, we know that saving money is high on the agenda. However, there’s a difference between wasting money and money well spent, so here are a few reasons why we think hiring an accountant is a wise decision.  Read More

The freelance life: what stresses you?

At any given get-together of freelancers or self-employed people, one question will inevitably rise: what is it about the freelance life that you find difficult? A recent survey by Aldermore suggests that what people expect to be stressed out by before they go freelance, and what they’re actually stressed out by once they’re on that road differs considerably.

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Comparing manifestos for the June 8th election: what’s in it for the self-employed?

The June 8th election is only weeks away, and with (most of) the manifestos now out in the open, we thought it’d be a good idea to compare and contrast what’s on offer to the UK’s freelance and self-employed community. With no intention of influencing your vote, we present here all the published points relevant to freelancers, their rights, their pensions and their tax situations. Read More

Who says accountants are dull?

Much as we love furnishing you with useful freelance life info week in, week out, occasionally we like to cut loose a little and show you just a glimpse of all the amazing fun things we do in the accountancy world.

No, don’t run away! Read More

What small businesses need to know about ‘Mobile First’ and ‘Searchmageddon’

The chances are that, as a small business or a freelancer offering their services, you rely quite heavily on the internet. You’ve most probably come across the term SEO (Search Engine Optimisation) and have some idea that getting an SEO expert to tweak your site can do wonders for your appearance in Google Search. Like most people, however, it’s quite possible that your knowledge goes no further, and news of algorithm updates understandably pass you by. You’ve survived undisturbed by the quirks of Google until now, so why change what seems to be working?  Read More