Recent content by freelancesam

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    Sole Trader Professional Indemnity Insurance

    Thanks for the responses. It seems to be a standard policy they send out, meaning that they're treating me like every other huge contractor they deal with on 7-8 figure contracts. If I were to meet that level of insurance, it would cost a lot more than the job is worth. I'm so confused
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    Sole Trader Professional Indemnity Insurance

    Hi, I've been a web designer for a while and I'm in the process of setting up a small agency as a sole-trader. I've just been approached and accepted to do a small (5 day) piece of work by a large company but their standard supplier terms states the following: After looking at quotes for £10m...
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    Self employed/freelance to part time employment

    Thanks for the responses. Yes I'm aware that a lot of IT contractors work under a ltd company but say they're self employed. I've read it's mostly for liability purposes. I've never bothered to do that so I just work as a sole trader.
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    Self employed/freelance to part time employment

    Hi, I've always been a self employed IT contractor but a company i've been working with want to take me on part time. I don't know the exact details of what they're offering until Friday but any info or related links would be great on how this might affect my existing situation or tax. Also...
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    Software for managing leave etc

    I'd check out Charlie HR https://www.charliehr.com/ and Expensify http://use.expensify.com/startups/
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    Ebay, stock and accounts

    Thanks for the replies, that looks interesting @Pish_Pash. While i'm here. Is it better to merge the ebay sales in with the plumbing company or set it up as it's own separate thing?
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    Ebay, stock and accounts

    @Pish_Pash Thank you, I've noticed you've commented on other threads about this same issue in the past. Is there still not a good one-stop solution yet for eBay sync + stock/warehouse management + accounts software? Currently paying for commusoft to handle the service/job side of the business...
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    Ebay, stock and accounts

    I'm just a freelance sole trader and do my own accounts hence why LTD company accounts and staffing is so new to me. As there are so many questions, would it better to pay a business advisor? Or is there any other ways to get advice? Don't mind paying the right person to help with the initial...
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    Ebay, stock and accounts

    Thanks for the advice, I'll pass on the info, I just want to make sure everything is in place properly now so HMRC are happy and things like stock management/payments etc are logged in the most accurate and effective way so we're not wasting any time or doing anything wrong.
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    Ebay, stock and accounts

    Thanks for the response. Yes, when I say small business, it's just a small two-man family business but they turned over £250k last year. I've told him to talk to his accountant but the accountant hasn't been a lot of help so far in terms of the running of the business. We're just looking for as...
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    Ebay, stock and accounts

    Hi, I'm helping my brother-in-law expand his small plumbing and heating company. He's just got new office and storage space which he will be using to sell plumbing parts through ebay as an extra income. He's also looking at hiring people to work for him and I'd like to make sure everything is...
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    Where to learn about finance?

    Hi, I'm fairly new to being self employed (freelance/sole trader) and I'd like to know if there's any really good up-to-date, no nonsense guides/books/videos to learn about TAX, personal finance, banking. I just want to make sure I'm doing things right in terms of cashflow, saving, TAX/expenses...
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    Reliable accountant for small UK business?

    Thanks for all the advice guys, the reason I'm so wary is because my brother-in-law hired an unknown accountant to run his books, who after paying him around £5k over a number of years, failed to submit anything to HMRC and nearly ruined his business. It's taken him the best part of 2 years to...
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    Reliable accountant for small UK business?

    Thanks for all the info guys, got a meeting with a friends accountant (who's an old guy) if that doesn't go well, Kevin looks like a good choice! Out of interest, when choosing an accountant, are older guys with 30-40 years experience any better than younger recently qualified guys (< 10...
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    Reliable accountant for small UK business?

    I'm looking for a good accountant (or firm) that can take care of setting up and running the books for a small tech/consultancy business. I've read the free ebook at http://www.easyaccountancy.co.uk and they seem pretty good but in their words, an accountant should be carefully selected. Has...
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