Sole trader or limited company – what’s right for you?

When you go it alone, there are a lot of decisions to make, from setting your rates to wondering whether buying a tiny kettle for the bedroom is inspired or delusional. But choosing whether to be a sole trader or limited company is a biggie. It’ll determine whether you’re open to new opportunities, or to avoidable […]

Read More

Freelance time management in 10 easy steps

When you’re freelance, your time is your own. But if you spend it hitting snooze, scrolling through cute kittens on Facebook and watching entire series of Breaking Bad in one go, it might be time to start setting yourself some limits. Follow these freelance time management tips to become the master of your own day. 1. […]

Read More

Avoiding a summer holiday meltdown in 5 easy steps

One of the best things about being self-employed is that you’re not bound by the statutory ration of 28 days’ holiday per year. It means the kids can stay home with you in summer too, and you don’t need to be an accountant to know that’ll save you a fortune in childcare costs. Still, holidays […]

Read More
Make money from the flat VAT rate

Money for nothing? ­All you need to know about the VAT flat rate scheme

Congratulations – you’re paying VAT! Being VAT registered might not seem like something to throw a party about, but it’s an important milestone. It means your business or limited company is bringing in more than £82,000 per year, and if that’s not worth jelly and ice cream, then frankly, we don’t know what is. The reality of […]

Read More

Self-employed women take UK business by storm

Article from Gemma Porter According to a new poll, when it comes to self-employment, sisters really are doing it for themselves. Research recently published by online commerce site eBay in association with Development Economics has shown that the number of self-employed women in the UK has risen by 28% over the past five years. With over 1.2 […]

Read More

Summer budget 2015: What it means for contractors, freelancers and small businesses

So, yesterday we heard from Mr Osbourne that he’s giving the nation a pay-rise. Well done sir, we applaud you. Or do we? Here at MAF, we’ve taken a look at what difference it will make to the UK’s contractors, freelancers and small business owners. What did our pal George do for us then? Here are the key-issues […]

Read More

Do you want to be the last one holding the umbrella?

‘We will stop employment intermediaries exploiting the tax system,’ explained Chancellor George Osbourne during his 2015 budget speech, explaining that he’ll be, ‘clamping down on the agencies and umbrella companies who abuse tax reliefs on travel and subsistence.’ While the measures don’t come into effect until 2016, they essentially call time on many of the […]

Read More

The weirdest accountancy questions we’ve been asked

Who says accountancy is dull? It may seem like numbers and spreadsheets (shameless plug: at My Accountant Friend, there are no spreadsheets), but there are also a lot of eccentrics with – shall we say – creative accounting ideas. Not that any of the people we work with these days have such strange notions, but over […]

Read More

The (Summer) stability budget: what’s that all about?

It’s budget time again, which must mean that autumn is in the air, the nights are drawing in, and the countdown to Christmas is well and truly on. Only, that’s actually not the case, is it? According to the Xmas Clock, we’ve still got close to 200 days left before the turkeys start getting hot under […]

Read More