Freelancer Finances | Free-Work IT Blog

Late payments are still prevalent for UK freelancers. What can we do about it?

IPSE, the UK’s freelancer body, uses its first Free-Work column to say it’s time government got tough on late payers -- at Autumn Statement 2023 or before.

5 September 2023

5 min

Understanding your business taxes as a small business

Self-employment can provide greater flexibility, more control over your work, a higher income and greater satisfaction. But a key consideration is what taxes you must pay.

22 May 2023

10 min

Cash flow: a freelancer’s guide to money in and money out

Top tips to understand, manage and preserve the lifeblood of your self-employed business – cash flow.

19 May 2023

6 min

How much tax would you pay on a 'side hustle'?

Side hustle has become a much more common term in the UK in recent years, GoSimpleTax reveals what freelancers need to know when paying tax on a side hustle.

18 May 2023

8 min

Tax rates and allowances 2023/24 for freelancers

As a new tax year begun on 6th April, freelancers need to be aware of the updated tax rates and allowances for 2023/24.

11 May 2023

3 min

Happy new tax year - or is it? Here are the changes you should be aware of

What key tax changes are planned from 6 April 2023 and how could they impact you if you’re a self-employed freelancer, explained by GoSimpleTax.

6 April 2023

4 min

Filing a paper tax return for your Self Assessment? Be aware of this BIG change

GoSimpleTax inform us of the BIG change that the self-employed need to know when filing for self-assessment.

4 April 2023

2 min

Where do self-employed stand with delays to purchase orders?

'POs themselves aren’t a bad thing. It’s the poor practice in how they’re administered that causes all the trouble.'

31 March 2023

4 min

What are a US citizen’s tax duties if UK freelancing on a partner’s visa?

Getting an adviser onboard is the ultimate answer for a freelancer from across the pond with registration questions.

21 March 2023

3 min

Making Tax Digital for Income Tax delayed: what do freelancers need to do?

In December 2022, the government announced its decision to delay introducing Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) for two more years until April 2026, but do freelancers need to do anything?

9 February 2023

3 min

Can I go self-employed just to claim the costs of a home-office makeover?

‘You cannot fool HMRC,’ is the warning to a prospective ‘life coach,’ eyeing a flashy study with matching furniture and supplies.

1 December 2022

4 min

Late payment as a freelancer: How to fight unpaid self-employment

What sole trader creatives need to know about being out- of-pocket for services supplied.

29 November 2022

3 min

Freelancers' Questions: Is my tax set-up for international clients correct?

Top tips for a freelance editor, living in the Netherlands, as a UK citizen, with a Swiss client., , , ,

15 November 2022

4 min

6 things you should check at least once a year if you’re a freelancer

Take a look at these 6 key factors to check each year as a freelancer, but don't forget to think about yourself and your needs.

27 October 2022

4 min

Freelancers’ Questions: Are clients legally required to pay within 30 days?

There’s no new rules on paying the self-employed, but there’s a lot of existing law that the unpaid can use.

11 October 2022

4 min

Can freelancers who claimed SEISS grants get a mortgage?

Top tips if you’re self-employed and want a home loan, but had help from the government during covid.

7 October 2022

3 min