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Setting up as freelance.
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2008-12-18, 19:10:36
Post: #1
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Does anybody here have any advice /information about setting yourself up as a company with the aim of going freelance?
A did A-level Business Studies but don't remember much! :/ Along the lines of Limited Company vs. Sole Trader Tax advice, costs and document requirement for start up etc. I have one customer lined up already in Turin but I think its better (less tax) for me to set up in the UK and probably even move back there. Any help greatly appreciated. _____ I ♥ TESCO _____ |
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2008-12-18, 19:31:36
Post: #2
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That's what I do, got a limited company VAT registered and all that carry on..
If your looking for an accountant/someone to help you set it up/do all the donkey work speak to somebody at Solo PLC (link will be on the internet somewhere). |
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2008-12-18, 19:33:35
Post: #3
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Thanks, perfect! :)
_____ I ♥ TESCO _____ |
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2008-12-18, 20:01:46
Post: #4
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New top of Christmas list: Professional Company Formation Package £89.95 :lol:
Now to decide upon a name... _____ I ♥ TESCO _____ |
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2008-12-19, 13:24:14
Post: #5
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Less than £5,500 a year earnings = no pay tax. So if you're just doing it on the side you don't *really* need to.
If you're going full time and are fairly serious you better register yourself as self-employed and all that jazz. Or you *couldn't* ;) But in this case you won't be signed on OR registered as employed so you would be 'off the system' altogether. More than 5 years of this (being a Uni student included) and I don't think you can qualify for a state pension. Whether or not they'll even be around in 20 years time is another story. |
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2008-12-19, 14:13:40
Post: #6
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I'd say look into joining a trade union as they can give you loads of advice and help on what you need to do as a freelancer.
I'm looking into going freelance once I've finished uni so I got a student membership with BECTU. |
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2008-12-23, 12:07:45
Post: #7
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Get an accountant.
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2008-12-23, 12:40:09
Post: #8
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I am currently training as an ACCA Accountant and work for a firm of Chartered Accountants.
If you want any advice feel free to email me some questions and I will do my best to answer them. If you end up needing services you may be better going local, but I can answer any questions you might have. The Artist Formerly Known as Dunkster |
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