How Will Brexit Affect Freelancers?

Brexit has dominated headlines and column inches for around two years now but with little certainty on how a final deal will look, it is difficult to know how lea

Editor | 5 September 2018
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Cloud accounting software provider FreeAgent has been given permission by the Financial Conduct Authority (FCA) to provide Open Banking services to freelancers, contractors and other micro-business owners.

SME business numbers skyrocket
Editor | 11 December 2017
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The number of small and medium sized businesses (SMEs) has skyrocketed in the UK.
The Government now estimates that there are 5.7 million private sector businesses at the start of 2017 and 99.9% of these companies were SMEs.
This represents an increase of 197,000 businesses set up since the start of 2016 and a whopping 2.2 million since 2000.
That’s an increase of 64% in 17 years.

Small Business Advice Week: Make sure you get paid on time

This week is Small Business Advice Week. Freelancers and other micro business owners can get lots of useful help and advice by visiting the Small Business Advice Week website and they can join in productive conversations happening on Twitter by using the hashtag #SBAW.
For our part, we want to address one of the biggest issues faced by small business owners – how to make sure they get paid on time.

Taylor Review recommends access to holiday and sick pay for some self-employed

The recently published review of modern working practices in the UK has recommended that some workers, currently classified as self-employed, should get certain benefits like sick and holiday pay.

The Taylor Review, however, did not recommend these benefits for all self-employed workers.

The report comes after research by cloud accountancy software company FreeAgent and the Freelancer and Contractor Services Association (FCSA) found that sick pay was top of the wish list for freelancers and microbusiness owners.

The Hidden Health Risks of Self-Employment
Editor | 11 September 2018
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Self-employed workers and other micro business owners face hidden mental and physical health risks, according to research from cloud accountancy software provider FreeAgent.

The award-winning UK software company surveyed nearly 600 freelancers and small business owners and found that 73% thought that the pressures of the job had put their health under strain.

Almost four-in-ten said that freelancing affected their mental and physical health, while one-in-ten said it affected their physical health only and a quarter said it affected their mental health only.

FreeAgent lets you see who your best (and worst) customers are

A new feature in cloud accountancy software FreeAgent makes it easy to see who your best and worst customers are.
The Customer Sales Report was one of FreeAgent’s most requested features. It could play a key role in deciding who you should do business with in the future.
The new report shows you exactly how much income you’ve received from different clients in a given time frame. You can examine different periods of time and compare results from different months and years.

Inflation puts income squeeze on freelancers

Record levels of inflation could hit freelancers and other microbusiness owners harder than other workers if they have higher than average travel costs.
With inflation rising faster than average earnings, freelancers are facing a large squeeze on incomes.
Inflation, as measured by the Consumer Prices Index (CPI), hit a five year high of 3.0% last month.
Prices outstripped wage growth by 0.9%, with earnings only increasing by an average of 2.1% since the start of the year.

FreeAgent: Just 51% of invoices paid on time

Research showing that almost 50% of invoices are not paid on time has strengthened calls for the government to tackle the late payment crisis affecting freelancers and other microbusinesses.
Conducted by cloud accountancy software company FreeAgent, the research analysed 50,000 businesses and hundreds of thousands of invoices from the last year.
Last year, the government pledged to tackle the late payment of invoices. In part this was to be done through a Small Business Commissioner, who would act as a champion for Britain’s busy small businesses. But this post has yet to be filled.

If you work as a freelancer, or run your own small business, then using a spreadsheet may seem like the most natural bookkeeping solution.
And spreadsheets can work well, for a while..

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