The wheels of finance don’t always turn smoothly. As a freelancer or contractor, cash flow is your main concern, and anything impeding it is likely to give you a headache. Yet the means of manning a steady ship, so to speak, are quite simple when you get down to it....
Do You Have Enough Money Set Aside to Pay Your Taxes?
Individuals starting out a new business often find themselves asking one question: How much money do I set aside for my business taxes? For those who have spent a few years in developing their business, you have a good feel about how much money you should set aside to...
Contracting 101: Why staying on top of your taxes will help your reputation
There are countless benefits to being a contractor – you get to set your own hours, you can take vacation when you choose, you can charge the rates that you think you are worth, and you are your own boss. You never have to worry about being laid off or fired, but you...
How should you pay yourself?
Annual income is always a taboo topic when speaking to friends, but it can also feel like a taboo for freelancers! If you are new to contracting and freelancing, one of the most confusing matters you need to confront is how much you should be paying yourself at the...
3 ways to fix the cash flow problem for your contracting business
As contractor accountants in Manchester, one of the most common questions that we receive from our clients on a regular basis is: “Help! How can I fix my cash flow problems?” The first thing you need to know is that you are not alone if you are struggling with your...
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