Freelance Advice

Hi,

I also have just started Freelancing as an Events organiser. From my understanding you just need to register as Self employed with the Inland Rev. and then you are able to have as little or as many clients as you like - as long as you record all your income and expediture and pay your National insurance.

Hope this helps.

Sarah (Intempo events)

The accounts guy of your main client was right. The view of the Inland Revenue is that if you work for only one client you are not self-employed but employed by that client, therefore they are responsible for your NI and tax. It sounds as though you are OK, Mrs Woo, as you have two - just be careful to hang on to the other one. Actually, there's another good reason for having more than one client because if they stop using you for whatever reason you're back to square one. It can happen more easily than you think. And Sarah from Intempo's right about making sure you pay your NI and keep records. I'd also recommend getting an accountant to help sort out your tax self-assessment form. It's not that expensive and they can give good advice and maybe save you tax. 🙂

Are they going to give you an employment contract and guarantee you work and income?

Not too sure how it works with the self employed route – I’ve got a Ltd co and pay myself very low salary and the rest in dividends. That is what I don’t reinvest straight back into the business which is quite a lot at the moment. I also deduct things like my travel, lunch, broadband, mobile phone from my taxable income which is nice.

The flip side is that I have to deal with the ugly subject of IR35 which I could do without. Ltd co is a very tax efficient way to go – dividends rock 😃

Go Limited

This happened to me a while back so i went limited a little harder to do a return than self employed but you can work anywhere easily and no questions abot tax or national Insurance