The Biggest Blunders For Contractor Accounting
At Bright Ideas Accountancy, we know how satisfying the contractor lifestyle can be. You pluck jobs from an array of clients, seeing to them one at a time, shaking off any complacency that’d...
How To Sell Yourself In The Self-Employed Market
In a big organisation, cowed by cubicles and lunch breaks, we’re prone to pleasing others for the sake of it. Employee behaviours are hard to unlearn: usually, they make us choose the option of...
The 6 Most Unusual Freelancer Expenses
When it comes to self-employed benefits, few rank higher than the tax you can claw back for expenses. The nature of your business demands a certain standard of results: the tools and arrangements to...
Thinking Of Hiring Your First Employee?
Somehow, after a rollercoaster ride, you’ve found yourself in a capable freelancing position. So, what’s the next logical step? Hiring your first employee is a crazy thought, but you may be ready...
4 Easy Ways To Save Time On Your Finances
The reality of being your own boss is daunting. Suddenly, every hour counts for your earning viability, which can be ground to dust with a badly planned schedule. This includes your finances too –...
4 Pension Planning Tips For Freelancers & Contractors
Often, we only tend to look at the immediate effects of our decisions. Going freelance, for example, strips away the need to answer to a boss, or head downcast into an office every morning – a...
The Big Question: Is It Time To Set Up A Limited Company?
Making it as a self-employed professional is never a walk in the park. Along the way, you’ll probably have met a few hurdles, but they haven’t stopped you. Somehow, things have turned out rosy as a...
A Solid Investment: What Clients Look For In A Contractor
If you’re one of the hundreds of thousands of contracting professionals in the UK, then we’re guessing you love your work. Clients will be ravenous to hire you for a few weeks, or a several-month...
5 Reasons Why We Recommend FreeAgent Bookkeeping Software
Loyalty is hard earned, and it takes a lot for bookkeeping tools to make our recommended list. But FreeAgent, our favourite bookkeeping software, has well and truly won us over. And we thought it’s...
Understanding Changes To The Flat Rate VAT Scheme
Our relationship with HMRC seems to be in constant flux. This April, we've seen changes to flat rate VAT, plugging what the government sees as a deficiency in suitable tax payments. The flat rate...
The Dos And Don’ts Of Chasing Late Payments
It’s a constant pain, not unlike a sickness, trying to recover the money you’re owed for a job. Freelancers and their ilk rely on a steady tide of cash for every assignment. Some clients, whether by...
Optimal Salary And Dividend Payments For 2017/18
With each financial year comes a string of dos, don’ts and deliberations. Limited company Directors are always keen to minimise their tax payments, but it’s important to get the lay of the land, so...
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