New to freelancing
This comprehensive guide to going freelance is now available from Freelance Advisor.
Click here to download chapter one.
Or visit their website http://www.freelanceadvisor.co.uk/go-freelance
If you are thinking about freelancing, there is a lot of information available from «Business Link». Their self-employment section takes you through all the steps you'll need to take to set yourself up as a freelancer or contractor.
You may also want to refer to our simplified version – freelancing in five easy steps.
We’ve also found useful information on becoming self-employed from «The Citizens Advice Bureau»
You can find useful information on freelancing on our articles page, including financial and accounting advice.
There's advice on the tax and National Insurance implications from «HM Revenue & Customs». In particular, you may need to know about the IR35 rules and their implications for freelancers and contractors.
You can work as a sole trader through any of the people4 sites. In this case, you will need to be paid through an umbrella company, which handles all the tax and National Insurances on your behalf.
If you are sole trader earning over c£25,000 per year, it may be advisable to set up a limited company, which would increase your take home pay.
You will need an accountant and, ideally, online bookkeeping software to run your limited company successfully. A good accountant will always be on the end of the phone and can offer advice on an ongoing basis, even on IR35 issues. We recommend crunch.co.uk as a simple, cost-effective solution for accounting and software. Crunch can also set up your limited company for you.
The Professional Contractors Group (PCG) is a not-for-profit trade association that represents the interests of consultants, contractors and freelancers. It campaigns on issues that matter to the freelancing community, irrespective of industry focus.
‘PCG’s aim is to work for proper recognition of independent consultants, contractors and freelancers as a genuine and valuable sector of the economy, generating wealth and employment, providing industry with a flexible workforce.’
last updated 29.02.12
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