Date(s) - 06/03/2019
6:30 pm - 9:00 pm
When you’re self-employed doing the accounts is an essential part of the job, but it can very easily get pushed to the side because…. well it all seems a bit complicated.
Tax bills, due dates, do you charge VAT, how much should you be paying yourself, IR35, deductibility of expenses ahh it’s enough to make any freelancer slowly scan the permanent job section. But the good news is She’s on the Money has you covered, our experts are going to look at the most common mistakes that most freelancers/small business owners make and how you can avoid making them.
We have some fantastic speakers from Accounts and Legal, Multiply and Xero plus more to be announced shortly. They will also cover:
Sole trader v Limited
- Discuss pros and cons
- How to set up each (brief)
- What is a tax/financial year for each route (sole trader/limited)
- What are the legal obligations for each route (what needs to be submitted where and when)
- What taxes do you have to pay and when
- The most tax efficient way of withdrawing money from a business
- VAT implications – pros and cons (VAT MOSS)
Deductibility of expenses
- Basic principles
- Trap of entertainment
- Use of home
IR35 – super important for freelancers
- Legal obligations
- Benefits – other than ‘peace of mind’!
Benefits of putting money into Pension scheme – tax reliefs
Do I /why do I need an Accountant?
She’s on the Money run events and workshops that both empower and support women to take control of their financial futures, break down barriers to entrepreneurship and provide education on personal and business finance.
They are on a mission to change the way women think about money.
Accounts and Legal
Freelancers and consultants offer a wide range of products and services, from skills and production to research and development but collectively they all require simple yet robust tax and accounting assistance for their businesses. Accounts and Legal offer tax services, accounting services and employment law advice to small businesses, professionals and entrepreneurs, estate agents, restaurants, pubs and hotels.
Multiply is a free mobile app designed to help freelancers get on top of their finances and plan for the future. After signing up and answering a few questions about yourself, the app uses smart technology to generate a unique financial plan for you. The plan gives recommendations on everything from savings to investments and pensions, all while taking into account your variable income.