Insurance for Contractors

Insurance for Contractors

Contractors need to consider taking out an Insurance policy from the outset of their business. It is advised that the extent of the work for each project be considered to determine if an extra level of insurance should be included. Choosing which type and level of...
Xero Cloud based accounting for Freelancers

Xero Cloud based accounting for Freelancers

Freelancers often manage many facets of a running a business. One of the most important function involves maintaining ordered accounts. To ensure that your accounts are kept up-to-date, an organized system should be put into place right from the start of your...
Registering with HMRC as a Freelancer

Registering with HMRC as a Freelancer

Registering as self-employed When you are self-employed you are technically working for yourself and hence are responsible for paying your Income tax and National insurance. This means that you need to inform HMRC that you are now self-employed which you should do as...
Choosing a Bank Account as a Contractor

Choosing a Bank Account as a Contractor

When choosing a bank account as a contractor, there are many factors to consider to ensure that you receive the best services from your bank to suit your individual line of work. If you run your contractor business through a limited company, then you will need to set...