Welcome back to post-summer reality, MAFters! There’s a new directive in town, and it’s worth being aware of. So this week we’ll be grilling our old MAF friend, Kenny Fitzgerald, on the subject of the ‘confirmation statement’. What, pray tell, is that all about, Kenny? This confirmation statement, Kenny… is it a tax thing? It sounds […]
The paperless future is almost upon us, and here at The Life Hub, we couldn’t be happier! The digital tax revolution is naturally something we wholeheartedly support, although several reports suggests that not everyone thinks it’s good news… yet. According to Creative Boom, 43% of the freelancers and micro-businesses they surveyed had no idea what Making Tax […]
Few people who make a successful freelance living went from zero to hero without first having to crack open the elbow grease. Like most things that look fairly dreamlike and glamorous, the freelance life is not often served to you on a spoon. However, most freelancers will tell you that it’s worth the effort (a […]
Here on The Life Hub blog we’re commonly asked about that tiresome bane of the freelance existence: book-keeping. There’s no doubt it can be a daunting task, especially if it’s something you’re new to and don’t fully understand. So we grabbed Lauren Monks from My Accountant Friend and asked her to put together a few dos and don’ts for […]
Whether you voted for or against Britain’s departure from the EU, it’s likely that as a freelancer or independent contractor, you have questions regarding the position in which this leaves you as a self-employed person. Clearly, we’re in a period of financial instability and nobody can say with any certainty how things will pan out. […]
Cash flow: two words that can cause the blood of even the most hardened freelancer to run cold. According to various interviews and surveys that we’ve done in the 12 months since we launched The Life Hub, cash flow is the thing that worries independent contractors and similarly self-employed people more than anything else. It keeps them […]
The adage that the only two certainties in life are death and taxes may be a little close to the bone for anyone who’s spent January shouting at an HMRC webpage whilst trying to unravel the dark arts of the self-assessment tax return. As we breathe a collective sigh of relief that all those tax […]
Moving into the freelance world from a work environment where admin – and especially tax administration – was dealt with by someone else, can be mind-boggling and a little intimidating. You can be at the top of your professional game yet still be flummoxed by the most elementary accounting concepts. So, with that in mind, […]
George Osbourne has delivered his 2016 budget, and while the big talking points seem to be around a new sugar-tax and the academisation of the nation’s schools, we’re focusing on the main areas that will affect freelancers, independent contractors and other self-employed people. Below are our initial thoughts. Remember, if you want to discuss how […]