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Top tips for getting a mortgage when self-employed

2020-04-21T15:22:45+01:00By |

According to HomeLet’s Rental Index, the average rent in the UK is £941 per calendar month. Many people see this as ‘dead money’ - going straight into the landlord’s pocket, with little benefit for them. If you’re one of the thousands of people who decide to purchase their own home each month, as an independent [...]

Charging interest on late payments

2020-04-30T15:33:20+01:00By |

According to the Federation of Small Businesses (FSB), late payments by clients causes 50,000 small businesses to go under each year. This is estimated to cost the UK economy £2.5 billion. For contractors and freelancers, the personal cost of late-paying clients can be more damaging than the financial cost. Worrying about cash flow and late [...]

Grants and loans available to contractors

2020-04-21T15:28:09+01:00By |

Small businesses including contractors and freelancers have become a driving force in the UK. The latest figures by IPSE – the Association of Independent Professional and the Self Employed, puts the number of self-employed at 4.8 million, who contributed £275 billion to the UK economy in 2018. If you’re desperate to leave your job to [...]

How to improve cashflow in your contracting business

2020-04-30T15:33:20+01:00By |

According to research 8 out of 10 businesses fail within their first two years of operating. The number one reason is poor cashflow. The company could be making huge sales, but if their overheads are equally large or if their customers aren’t paying their invoices on time, the company could easily find themselves in financial [...]

The £85,000 FSCS protection and how it applies to your ltd company bank account

2020-04-20T15:21:47+01:00By |

With the collapse of Northern Rock, Bradford & Bingley, Icelandic banks and others now over 10 years ago, savers should still be thinking “Is my money safe?” As your business grows, it is likely the cash you hold in the company bank account will grow too. Any cash deposited with a bank or building society [...]