Essentially, IR35 will affect all contractors who do not meet the Inland Revenue's definition of 'self employment'., Those contractors who fall under the IR35 rules will be liable to Schedule E taxation and National Insurance (N.I), following deductions for expenses. Income will be in the form of a 'deemed payment', following these deductions.
If you are only freelancing for a short period between permanent roles, or want to test the waters before setting up your own limited company, trading through an umbrella company may be a good solution. Freelance UK looks at how they work and what the benefits are.
Whilst the precise details of how a business can minimise its costs varies enormously according to the type of freelancing work it is involved with, there are nevertheless a number of techniques which can be used to good effect by all Freelancers.
Successful networking can generate lucrative leads for your business and help you to build long-term relationships with your clients. Here are some traits of good networkers.
There are sadly a great number of potential customers in the market who can cost your business a great deal of time and money by not paying their debts. Here is our guide to controlling them and keeping your credit the right side of the line.
Ten tips from an industry expert offering advice on how to speed up tardy payment from a client - and what to do if they refuse to pay. Our guide on how to get paid when freelancing will help freelancers be prepared for difficult clients.