National Insurance for the Self-Employed: How It Works
When you work for yourself, National Insurance no longer appears neatly on a payslip. Instead it is worked out on your profits and paid through Self Assessment, …
Category
Finance
Cash flow, pricing, unit economics and the financial basics every owner should know.
Late Self Assessment: Penalties and How to Fix It
Missing a Self Assessment deadline is stressful, but it is fixable, and the sooner you act the less it costs. HMRC charges separate penalties for filing late …
Student Loan Repayments When You Are Self-Employed
When you work for an employer, student loan repayments come out of your pay automatically. When you are self-employed, they are worked out through your Self …
Cash Basis Accounting for Sole Traders Explained
Cash basis accounting is now the default way UK sole traders work out their taxable profit. You count money when it actually arrives or leaves, not when you …
How Much to Save for Tax as a UK Freelancer
Nobody takes tax out of your freelance income before it reaches you, so the bill arrives months later, often in one large lump. Saving the right amount as you …
Pensions for the Self-Employed: Your Options
When you work for yourself, nobody enrolls you in a workplace pension and nobody adds employer contributions. Saving for retirement is entirely your call, which …
Self Assessment Deadlines: Dates Every Freelancer Needs
Self Assessment deadlines are fixed dates that repeat every year, yet they still catch out thousands of UK freelancers and sole traders. Miss one and penalties …