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  • League of Extraordinary Freelancers: does anyone have any pro tips for someone about to take the plunge (me)?

    Like, is there a to-do list/PM platform that has the best free version? Are there any other bookkeeping options beyond user amey's Crunch referral? Anything you wish you'd known at the beginning?

  • Don't use a corporate accountancy (like SJD or similar) - try and find/use someone local to you (helps for face to face meetings) that's recommended also.
    Don't try and do everything yourself - if you've got a decent accountant, they'll sort all your HMRC etc type paperwork for you.
    Do claim for all valid expenses i.e. use of home as an office/broadband/mobile phone/petrol or travel to-from place of work
    Do buy another bike - company asset :D
    Do speak to other contractors - but don't take their word as gospel - what's good for the goose isn't necessarily good for the gander :D
    Do consider adding your wife/partner as an employee/secretary i.e. if you currently transfer money to them for rent/bills/groceries etc this can be covered by the company meaning you don't have to take money out of the company and pay yourself (and be taxed on it)

  • Do consider adding your wife/partner as an employee/secretary i.e. if you currently transfer money to them for rent/bills/groceries etc this can be covered by the company meaning you don't have to take money out of the company and pay yourself (and be taxed on it)

    I'm assuming this is the tax dodging

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