Seeing a steady stream of income sprout from your hard work is a beautiful feeling. Freelancers and contractors may feel they can finally rest at ease once they’re able to sustain a living. However – the taxman will be very interested in what you’ve managed to earn,...
Why Your Contracting Bookkeeping Needs To Be in The Cloud
Any business worth its salt has data storage high on its agenda. As more and more of our working resources become digitised, there’s the escalated threat of losing everything in a matter of moments. Whether due to accident, corruption or malicious activities, relying...
Why We Only Work with Contractors and Freelancers
Accountancy services are extremely varied, which is why it’s important to find an accountant that meets your needs. Here at Bright Ideas, we only work with contractors and freelancers, for a few special reasons. We know that self-employed professionals are committed...
Stepping Up To The Plate: How Could Your Accountant Improve?
Accountants, by and large, will do whatever it takes to make their services complement your business model. Hiring someone like us gives you an inherent promise: to save you time and hassle when managing your payroll, tax returns and business expenses. Contractors and...
What To Do When Your Contractor Bookkeeping Is A Mess
As a contractor, keeping your accounts in order can be a headache, and one that only gets worse the more you ignore it. Organisation is a key ingredient to success in self-employment, so it pays to have a firm hand on your bookkeeping. If things have gotten a bit...
Been Made Redundant and Decided to Go Contracting? What Now?
The job market is so precarious that it’s no wonder self-employment is becoming ever more sought after. Contracting is an attractive proposition for people who want a greater income for their skills, the freedom of choosing where to work, and the knowledge that time...
RTI Submissions: What You Need to Know
Limited companies are required by law to make RTI (real time information) submissions to HMRC on a regular basis, detailing salaries, PAYE and NI. As a freelancer or contractor running a director-only company, this may seem like an unnecessary burden, but fail to keep...
Why a Spreadsheet System is the Worst Way to Manage Your Bookkeeping
We all know that being a dab hand at Microsoft Excel is standard practice for organising your business accounts. It’s accessible and easy to understand, so people tend to keep using it as their business grows and bookkeeping piles up. Unfortunately, spreadsheets...
Contractors and Freelancers: How Should You Pay Yourself?
The freedom of working for yourself is pretty unrivalled when it comes to making a living. Somewhat erratic wages are a natural by-product of working around clients who have their own schedules and priorities, and freelancing means you’ll have to weather the peaks and...
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