The Essential Guide for Freelancers
This FREE guide will answer all your questions and give you guidance on how to set up as a freelancer, how to find work and how the tax system works for freelancers.
You may also find our FREE 70 page Guide to Running your own Business useful.
Heres a little snippet from the guide:
Setting up as a Sole Trader
As a freelancer, setting yourself up as a sole trader is the simplest way in which you can trade.
In order to legally register as a sole trader, you’ll need to fill in a CWF1 form within three months
of starting the business. It is imperative that sole traders do this so the HMRC (HM Revenue &
Customs) can send you quarterly bills for Class 2 National Insurance ensuring that your state
pension is not affected in any way.
You’ll also need to:
• Keep all client invoices and expense receipts for six years
• Keep a full record of the money you have earned each year – it’s a good idea to do this from
day one as you’ll need the figures for end of year accounts..........