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Self-employed to benefit from Self Assessment deadline changes for 2020/21
Posted on 18th January 2022 by Phil Ainley MCIM, CMktr, DIp DigM - Marketing Manager
The Self Assessment tax return deadline is approaching, and like last year, HMRC has extended the deadlines for late filing and payment penalties. The extensions were introduced last year to ease t...
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The Rise (and hidden downfalls) of Side Hustlers
Posted on 6th December 2021 by Caunce O'Hara
The phenomenon of the ‘side hustle’ has experienced a monumental rise in popularity in the UK over the past few years. The term, simply referring to having a second source of income on the side of...
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Self-employed urged to be vigilant in the wake of increasing tax-related scams leading up to the 2022 self-assessment deadline
Posted on 29th November 2021 by Phil Ainley MCIM, CMktr, Dip DigM - Marketing Manager
With the January 2022 self-assessment date fast approaching, HMRC has issued a fraud warning to all self-employed professionals urging vigilance in the wake of increasing tax-related scams in the past...
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Autumn Budget 2021 – Good for some, but not for all
Posted on 3rd November 2021 by Phil Ainley MCIM, CMktr, Dip DigM - Marketing Manager
“Employment is up. Investment is growing. Public services are improving. The public finances are stabilizing, and wages are rising. Today’s budget delivers a stringer economy for the British peopl...
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What can we expect from the Autumn 2021 Budget?
Posted on 22nd October 2021 by Phil Ainley MCIM, CMktr, Dip DigM - Marketing Manager
The Autumn 2021 Budget will take place on Wednesday, October 27, when the Chancellor of the Exchequer, Rishi Sunak, will deliver what is expected to be a Budget of details(1) rather than one of wholes...
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Why reassessing your risks is crucial as your business evolves
Posted on 21st October 2021 by Phil Ainley MCIM, CMktr, Dip DigM - Marketing Manager
New risks are emerging for contractors as they have been forced to adapt their businesses to the pressures of the last 18 months caused by the Coronavirus pandemic. Richard Forrest Smith, CEO of EC...
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12-month delay to Making Tax Digital (MTD) offers welcome breathing space for the self-employed
Posted on 18th October 2021 by Phil Ainley MCIM, CMktr, Dip DigM - Marketing Manager
The government’s 12-month delay to Making Tax Digital (MTD) for income tax self-assessment (ITSA) has come as welcome news for many self-employed professionals. HMRC said it recognized the challe...
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What business risks do I need to be aware of if I am self-employed?
Posted on 30th September 2021 by Phil Ainley MCIM, CMktr, Dip DigM - Marketing Manager
To many, the lure of working for yourself is too great to ignore but before you take the plunge and go self-employed, it’s important to ensure you are fully aware of the risks you will be exposing y...
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What is the most common cause of accidents at work?
Posted on 27th September 2021 by Phil Ainley MCIM, CMktr, Dip DigM - Marketing Manager
It’s imperative that staff feel safe in the workplace but accidents do happen and sometimes, no matter what preventative measures are in place, they’re out of your control as a business owner. But...
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How to secure your work van
Posted on 21st September 2021 by Phil Ainley MCIM, CMktr, Dip DigM - Marketing Manager
Many workers rely on a van, from window cleaners and plumbers to construction contractors and delivery drivers. If you have a work van, you likely use this mode of transport to not just get from A to ...
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Why you should include milestone payments in your freelance contracts
Posted on 14th September 2021 by Phil Ainley MCIM, CMktr, Dip DigM - Marketing Manager
Anyone who has ever freelanced will have either heard the story below or been a victim of it at some point. The freelancer engages in work for a client for which payment has been promised, but paym...
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The National Insurance (NI) increase will affect all contractors, some more than others
Posted on 14th September 2021 by Paul Mason - Head of Tax Partnerships, Markel Tax
The political fallout from the NI increase for the Health and Social Care Levy will continue for some time yet. From the fact the Conservatives broke a manifesto promise by introducing the levy, to ar...
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Managing and reporting an accident when you’re self-employed
Posted on 20th August 2021 by Phil Ainley MCIM, CMktr, Dip DigM - Marketing Manager
Unfortunately, workplace accidents are not uncommon. According to the Labour Force Survey, 693,000 workers sustained an injury at work in Britain in 2019/20, and sadly, 142 workers lost their lives as...
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Guide to insurance for management consultants
Posted on 11th August 2021 by Marketing Executive - Katherine Ducie
For many management consultants, consulting is a natural progression in their career, having acquired in-depth experience in a specific industry, or a particular area of business. Whether you speci...
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Planning for your future as a freelancer
Posted on 26th July 2021 by Marketing Executive - Katherine Ducie
As a freelancer you’re fully responsible for planning your future and ensuring you don’t run into any financial difficulties – over the next coming years and further into the future, when you’...
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