As a contractor in the UK, understanding the nuances of the revised IR35 tax legislation could be crucial for you. The IR35 checks, introduced under the new law effective from April 2021, require clients to determine your employment status. This shift in obligation can potentially impact your net earnings and increase your administrative tasks. The …
Is IR35 done and dusted? Not quite. Yes, some significant changes were on the horizon, planned for April 2023, but those got nixed in March 2022. These changes would have shifted the job of determining a contractor’s employment status from the contractors to the clients. But now, things remain as they were – contractors still …
Has IR35 been scrapped? 2023 Implications & Updates Read More »
As a sole trader, the IR35 tax law does not impact you as it targets contractors working through intermediaries like limited companies. Yet, you must adhere to employment status rules determining your tax classification as an employee or self-employed. If you’ve ever wondered, “Does IR35 apply to sole traders?” you’re certainly not alone. As a …
Are you a professional or small business owner seeking protection from potential lawsuits, compensation claims, or financial losses resulting from your services? Professional indemnity insurance is a critical safety net designed to provide peace of mind and financial security. But how much coverage do you need? This comprehensive guide will help you navigate the complexities …
How much professional indemnity insurance do I need? Read More »
IR35 is a tax legislation in the United Kingdom that was introduced in 2000 to address the issue of tax avoidance by workers who provide services to clients through intermediaries, such as personal service companies (PSCs), but who would be considered employees if they were engaged directly. The purpose of IR35 is to ensure that …
What is IR35? Understanding the UK’s Tax Legislation on Intermediary Workers Read More »
Imagine you wake up one day to a tax department / HMRC letter informing you of an investigation into your financial records. In the United Kingdom, tax investigations are a common and potentially costly occurrence for individuals and businesses. As a result, many are turning to tax investigation insurance to provide protection against the financial …
An overview of tax investigation insurance and its purpose: Is it really worth it? Read More »
Are you tired of living paycheck to paycheck and struggling to make ends meet? Are you ready to take control of your finances and achieve your financial goals in 2023? Setting up a monthly household budget can seem daunting, but it doesn’t have to be. By understanding your income and expenses, creating a budget that …
How to set up a monthly household budget in 2023? Read More »
Mediators should consider malpractice insurance as a “preventive measure” rather than a “remedy”. It provides financial protection and peace of mind in case of any negligence or misconduct during the mediation process while ensuring compliance with state regulations. It’s always better to have coverage and not need it than not have it. Mediation is a …
The position of stockbrokers and investment bankers might seem similar. Some personalities are the same – friendly while handling clients, a right hand in mathematics, and attention to all kinds of details. Also, they have to be great team players because of their interaction with colleagues and clients. Understanding what everyone wants is a part …
Differences between stockbrokers and investment bankers Read More »
Trading stocks can be quite a challenge for some people, especially for beginners. There are many factors to consider when choosing an asset, many of which might not seem obvious at all, or you’d omit them. Or maybe you can’t make up your mind as to what to invest in? You could, of course, use …
You’ve probably seen this in movies a lot. Someone’s arrested and they suddenly get released from jail after issuing a payment – Bail. A Bail is no way to revoke the crimes that had been done but allows the arrestee to be released until the trial. Of course, this is fine if you and your …
There’s been a lot of gossip and hearsay in the fintech industry lately. Let’s debunk the most common cryptocurrency investing myths that exist today.
So you’ve hit a slump in your business and you’re having trouble increasing your profit margin? Chances are, you’re either charging too little or too much to your current and prospective clients. Pricing your business services is one of the most challenging factors for your company and can prevent it from staying afloat. This quick …
Pricing Business Services: Are You Charging Too Little or Too Much? Read More »
Do you want to make some ‘extra bucks’? Or perhaps you need some extra cash to supplement your hourly wage? Investing is one of the best ways to grow your money without exerting so much energy and time. Let’s try to find the best online brokerage account for beginners. However, if you are new to …
Depending on what you are looking for, attending college may or may not be the right thing after high school. But allowing for the fact that Americans collectively owe more than $1.3 trillion in student loans, it is appropriate to ask the question: Is college worth it? Incredibly, numbers say yes, despite the terrible student …
The usual and least requirements to be able to start as a digital investor are: an account on a cryptocurrency exchange site, a payment method, a secure internet connection, a digital wallet, and, of course, your personal identification documents. Take your time and continue reading to learn more about what you need to invest in cryptocurrency. More …
Sitting on a pile of cash is not a good idea. It’s commonly known that money should be working for you. Money that sits in place is lost money. Therefore, it’s a good idea to invest at least a part of your savings. I’ll help you discover how to make money trading stocks at home. How …
In today’s world of finance, where millions of dollars are being traded every day, it’s easy to get lost. Stock exchange, mortgages, taxes, all that complicated ‘money stuff’ is oftentimes hard to comprehend by an average Joe. That’s where Financial Advisors come into play. Who are Financial Advisors? Financial advisors are professionals trained to help …
I will reveal here how much money does a psychologist make a year, who is a psychologist, how can you become one and different Psychology jobs with their average salaries. Psychology is a common profession, especially these days, where social media and the all-round networking in our lives can lead to mental health issues, namely …
If you’ve ever been to a hospital, you’ve probably come in contact with a nurse or two. This kind (usually) ladies who take care of the patient while they’re being treated. Nurses are an essential part of the healthcare system and healthcare in general. As of 2019, there are around 3 million registered nurses in …
With the typical age of retirement being 65-67 years (in the US), a vision of retirement while only 50 years old seems tempting. Many people who retire at a younger age are familiar with the FIRE movement – “Financial independence, retire early”. Folks who are followers of this movement retire in their 30s or 40s. …
Who wouldn’t want to retire at 40? I mean, no more worries, work duties, just a simple, calm life. Or … is it? While retiring at 40 seems very tempting and promising, there are a number of factors one needs to consider when retiring at such a young age (relatively). How much money do you …
The 2018 Gallup poll showed that an Average American expects to retire at the age of 66. If that’s something you’ve also expected, it might be a good idea to start planing the financial side of your retirement a bit earlier. Whether you’re 25 or 55, it’s never too early, nor it is too late …
It’s not pleasant to suffer from an accident. Whether the damage is physical or psychological, there’s a lot of trouble connected with it. Instead of focusing on recovery, you have to think about all the stuff connected with the insurance company, paying the bills for medical treatment, worrying about your work, etc. All those things …
Mortgages are a common thing when buying a house or other estate. People tend not to wait until they’ve gathered all their money, they just apply for loans and pay interests over the course of years. It’s pretty convenient, especially when an estate is a limited-time offer. But choosing a good mortgage can be a …
I’m sure you’ve seen Facebook ads before while browsing through your feed. Those things that say sponsored and are disturbingly accurate when it comes to your interests? Yeah, those are targetted Facebook ads. Do you want to know how to post ads on Facebook and make money? Nowadays, with over 1.6 billion people using Facebook …