Excel at your Financial Matters: for Freelancers & Small Businesses

So you have taken the plunge and are working for yourself but is your Accounting, Tax/VAT knowledge up to date? Do you know how to stay HMRC complaint?

Please RSVP via our main group ;
https://www.meetup.com/Co-Working-for-Freelancers-and-Entrepreneurs-Workshops/events/259504860/

When you’re self-employed or running a small business understanding the accounting, Taxes and how to claim expenses are all pre-requisites. Whether you do them yourself or not you must have the basic understanding of these to ensure you operate in the most cost-effective way. We may not only find such tasks overwhelming and confusing but can be also be ignored or pushed to the bottom of the list due to the pressure of core business activities.

Waqqas, BSc, FCCA, who has six years of post-qualification experience with 3 years being with one of the ’top 10‘ accountancy firms, will give a presentation on following topics;

• Best practice structures i:e working as a self-employed/freelancer or
as a company.
• Tax advantages and disadvantages of both structures.
• Relevant taxes and how to register for them; tax, VAT.
• What kind of expenses can reasonably be claimed.
• Common tax allowances not known to the general public.
• Important due dates for taxes and filling, what needs to be filed and
when.
• Salary vs Dividends – if running a company.
• Legal aspects to consider while making the decision around being
self-employed or running a company.
• How to ensure your bookkeeping is compliant with new upcoming
legislations e.g. MTD. Best practices in terms of bookkeeping.
• Finance for freelancers, contractors and business owners.
• Some thoughts on raising investment.
• The most common mistakes that most freelancers/small business
owners make and how to avoid them.

With the end of the tax year approaching us fast as usual, on Friday April 5, it is a perfect opportunity to ask Waqqas questions and get advice.

Question, answers and networking after the Presentation.

Waqqas is an expert in auditing and financial reporting and has experience of attending audit committee meetings to discuss audit findings with his clients. He has significant experience in working with listed and large owner managed businesses in the property, medical, pharmaceutical, travel and service industries.

After the talk everyone is welcome to work from the venue, it is a quiet place and has good WiFi.