Freelance World has today launched our new Business Enable service, designed to make starting up a business a piece of cake! Whether you want to setup a company, or simply start working for yourself we can help guide you through the maze of forms and regulations. Working for yourself has never been so easy!!
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Pensions Auto Enrolment – What Are My Employer Responsibilities?
If you employ staff in the UK, even if it’s just one person, then auto enrolment for pensions is a legal responsibility. In this guide, we will use will use guidance provided by HMRC and The Pensions Regulator (TPR) to briefly outline: What Is Auto Enrolment? Who Is Impacted? How Do I Choose a Pension Scheme? What Steps Need to Be Taken to Ensure Compliance Initially? What Steps Need to Be Taken to Ensure Compliance on an Ongoing Basis? How Much Does It Cost?
How Much Should You Set Aside for Tax as a Sole Trader?
Unlike employees, sole traders do not have tax deducted at source. There is no employer calculating PAYE, no automatic deduction for National Insurance, and no reminder each month that part of your income is not really yours. Instead, tax builds up quietly in the background until a large bill arrives – the tax year AFTER the income was earned. This article therefore explains why it is essential for sole traders to set aside sufficient funds for tax, and how you can estimate a “safe” amount to put aside during the year. It is written for UK sole traders and focuses on Income Tax, National Insurance, Payments on Account, and the upcoming changes under Making Tax Digital.
How will the 2025 Autumn Budget Impact My Business?
This article examines how the recent 2025 Budget announced by the Chancellor of the Exchequer Rachel Reeves will impact small owner managed businesses.