Tag Archive for Freelancing

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Do I need freelancer insurance? A full guide

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By Anna Jordan on Small Business UK – Advice and Ideas for UK Small Businesses and SMEs

Freelancer insurance can be a lifesaver for small businesses, but it’s a proper head-scratcher trying to navigate what you need and what you don’t.

In this article, we’ll be asking whether you need freelancer insurance, what types are essential vs. useful, and how to go about getting insurance, including common exclusions to watch out for. Sarah Fleming, founder of Digital PR firm First Create, has also given us some tips in our ‘Ask a freelancer’ sections.

Read on for the full guide or head straight to your preferred section.

Why do I need freelancer insurance?

What types of insurance do I need as a freelancer?

Is there specialist IR35 insurance?

How do I get insurance as a freelancer?

What exemptions do I need to be aware of?

Other tips and tricks

How to get health insurance as a freelancer?

Why do I need freelancer insurance?

As a freelancer, the work you do is all on you – you’re the one who’s liable.

The sad reality is that pretty much anything can go wrong, especially as you’re on your own. A client could be dissatisfied, you might miss a deadline or something unforeseen, such as an accident

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The best freelancer platforms

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By Anna Jordan on Small Business UK – Advice and Ideas for UK Small Businesses and SMEs

Whether you’re starting or developing your freelancer career, where do you build your client base?

Hopefully you’ll have one already, filled with clients that you’ve worked with over the course of your employed career. But if you’re moving industries or simply starting afresh, freelance platforms can be an extremely helpful tool.

We’ll be looking at what freelancer platforms are and a few of the best ones around right now. Read on for the full guide or use the navigation below to head straight to the section you want.

What is a freelance platform?

When should I use a freelance platform?

What should I be looking for in a freelancer platform?

The best freelancer platforms

What is a freelance platform?

A freelance platform lets you see jobs and projects available from companies, with the option to bid/pitch for the ones you want to go for. Depending on the site, they might provide the means to manage the project, facilitate communication and do invoicing.

When should I use a freelance platform?

If you’re savvy and organised, you could use it for regular work. If it has the functionality, it can be handy as a way of

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18 Gig Economy Jobs to Make Money Quickly

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Nowadays, almost everyone knows someone who is or has been part of the gig economy. And for good reason! Gig economy jobs are a great way to make money quickly, whether it’s alongside a regular full-time job or if freelancing is your full-time job. In fact, according to McKinsey & Company, 36% of the American workforce identifies as […]

The post 18 Gig Economy Jobs to Make Money Quickly appeared first on The Work at Home Woman | Legit Work From Home Jobs.

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MPs give taxman six weeks to sort out Covid payments for freelancers

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Originally written by Timothy Adler on Small Business
MPs have given HMRC six weeks to come up with solutions for freelancers and others excluded from receiving Covid financial support.
In its report, the influential Public Accounts Committee has asked the taxman to explain why 1.6m freelancers alone have been excluded from Covid help, let alone the 3m excluded overall.
MPs blamed “quirks in the tax system” making groups of workers, including freelancers and the self-employed, ineligible for furlough payments.
>See also: Thousands of self-employed mothers miss out on COVID-19 SEISS payments
Meg Hillier MP, chair of the PAC, said: “As public spending balloons to unprecedented levels in response to the pandemic, out-of-date tax systems are one of the barriers to getting help to a significant of struggling taxpayers who should be entitled to support.”
The PAC MPs are just one group calling for the chancellor to give financial support to freelancers excluded from Covid support.
Meanwhile, former Brexit secretary David Davis has written to chancellor Rishi Sunak asking him to ensure that the newly self-employed are included in the final found of Self-Employment Income Support Scheme (SEISS) grants.
This could see more than half a million freelancers qualifying for emergency Covid financial support after all. This is because

Read more...

Hot Business News Today

MPs give taxman six weeks to sort out Covid payments for freelancers

by  •  • 0 Comments

Originally written by Timothy Adler on Small Business
MPs have given HMRC six weeks to come up with solutions for freelancers and others excluded from receiving Covid financial support.
In its report, the influential Public Accounts Committee has asked the taxman to explain why 1.6m freelancers alone have been excluded from Covid help, let alone the 3m excluded overall.
MPs blamed “quirks in the tax system” making groups of workers, including freelancers and the self-employed, ineligible for furlough payments.
>See also: Thousands of self-employed mothers miss out on COVID-19 SEISS payments
Meg Hillier MP, chair of the PAC, said: “As public spending balloons to unprecedented levels in response to the pandemic, out-of-date tax systems are one of the barriers to getting help to a significant of struggling taxpayers who should be entitled to support.”
The PAC MPs are just one group calling for the chancellor to give financial support to freelancers excluded from Covid support.
Meanwhile, former Brexit secretary David Davis has written to chancellor Rishi Sunak asking him to ensure that the newly self-employed are included in the final found of Self-Employment Income Support Scheme (SEISS) grants.
This could see more than half a million freelancers qualifying for emergency Covid financial support after all. This is because

Read more...

Hot Business News Today

1m self-employed face having to pay tax bill larger than what they earnt

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Originally written by Timothy Adler on Small Business
One million of the UK’s 4.5m self-employed face having to prepay tax bills higher than what they actually earned this year.
Many freelancers pay self-assessment tax bills on account twice a year, with the first prepayment falling due this January.
This is despite the Covid pandemic decimating many self-employed profits since March.
>See also: MPs to fight Sunak over move to hike national insurance for self-employed
The problem is that prepayments are based on the previous year’s profits, in this case what the self-employed earned in 2019-20 – before the pandemic hit.
TaxScouts, an online self-assessment tax service provider, estimated 1m people could be hit with an inflated tax bill because payment on account is based on the previous year’s earnings.
“While this is well and good in normal times, it doesn’t take into consideration the huge loss of earnings that so many of the self employed will have faced during the pandemic,” said TaxScouts.
However, anticipating the problem, HMRC has allowed the self-employed to defer payment on account and to request a reduction in their tax bill if they are facing financial difficulty and know their earnings will be down.
>See also: MPs urge Government to do more to help

Read more...

Hot Business News Today

1m self-employed face having to pay tax bill larger than what they earnt

by  •  • 0 Comments

Originally written by Timothy Adler on Small Business
One million of the UK’s 4.5m self-employed face having to prepay tax bills higher than what they actually earned this year.
Many freelancers pay self-assessment tax bills on account twice a year, with the first prepayment falling due this January.
This is despite the Covid pandemic decimating many self-employed profits since March.
>See also: MPs to fight Sunak over move to hike national insurance for self-employed
The problem is that prepayments are based on the previous year’s profits, in this case what the self-employed earned in 2019-20 – before the pandemic hit.
TaxScouts, an online self-assessment tax service provider, estimated 1m people could be hit with an inflated tax bill because payment on account is based on the previous year’s earnings.
“While this is well and good in normal times, it doesn’t take into consideration the huge loss of earnings that so many of the self employed will have faced during the pandemic,” said TaxScouts.
However, anticipating the problem, HMRC has allowed the self-employed to defer payment on account and to request a reduction in their tax bill if they are facing financial difficulty and know their earnings will be down.
>See also: MPs urge Government to do more to help

Read more...