Finances

See also Credits

Pricing

In lump sums for set period of hours done.

Intro pricing:

• 4h - 50
• 8h - 100
• 16h - 200
• 24h - 300
• 32h - 400

• http://doubleyourfreelancingrate.com/
  • https://training.kalzumeus.com/newsletters/archive/consulting_1

• http://makaluinc.com/blog/2012/11/how-to-calculate-an-hourly-rate.html

Invoicing

• http://en.wikipedia.org/wiki/Invoice

Credit note

• http://en.wikipedia.org/wiki/Credit_note

• http://www.hmrc.gov.uk/vat/managing/special-situations/returned-goods.htm

Templates

• http://www.contractoruk.com/limited_companies/free_invoice_template.html

Open source systems

• http://www.siwapp.org/

• http://www.jbilling.com/community

Services

• http://www.bookkeepy.co.uk/ - nice and clean

• https://www.invoicejournal.com/ - popped up via hn

Tax

• https://www.gov.uk/self-assessment-tax-returns
• https://www.gov.uk/register-for-self-assessment
• https://www.gov.uk/self-assessment-tax-returns/deadlines

• http://www.hmrc.gov.uk/incometax/codes-basics.htm

• Class 2 National Insurance contributions

• http://www.besttaxback.com/calculator/taxcalc.aspx
• http://www.easyaccountancy.co.uk/about/freelancer_sole_trader_take_home_calculator.html

• http://www.smallbusinesspro.co.uk/tax/sole-trader-tax.html
• http://www.easyaccountancy.co.uk/faqcentre/self_employed_faq.html

Sole traders’ tax responsibilities:

• send a Self Assessment tax return every year
• pay Income Tax on the profits your business makes
• pay National Insurance
• register for VAT if you expect your business’ takings to be more than £77,000 a year.

Limited Company: Any profit it makes is owned by the company, after it pays Corporation Tax. The company can then share its profits.

• http://www.revenuebenefits.org.uk/tax-credits/guidance/how-do-tax-credits-work/self-employed/

• https://online.hmrc.gov.uk/registration/newbusiness

• http://www.contractoruk.com/limited_companies/contractor_taxes.html

Tools

• http://www.easyaccountancy.co.uk/about/freelancer_sole_trader_take_home_calculator.html

• http://www.besttaxback.com/calculator/taxcalc.aspx

• http://www.hmrc.gov.uk/tools/sa-ready-reckoner/index.htm - ni calc

Banks

Tridos

• http://triodos.co.uk

"We do not provide counter banking services from our Edinburgh office (or indeed any of our UK offices) but are pleased to meet with business customers who have a pre-arranged appointment."

Co-operative

• http://co-operativebank.co.uk

Online service, no real-life access?

• http://www.smile.co.uk/
  • http://en.wikipedia.org/wiki/Smile_(bank)

Has branches under the name Britannia. One on George Street.

• http://www.britannia.co.uk/

Accounting

• http://static.steve.org.uk/expenses

Software

• http://www.gnucash.org/

Services

• http://www.freeagent.com/?referrer=33dgfkb0 - rachel's code

Trading

• Trading Standards - Fair Trading advice for businesses

Payment gateways

• http://elliotjaystocks.com/blog/good-riddance-paypal/ - don't use paypal
• http://www.binkd.com/general/why-we-no-longer-accept-paypal/

• https://gocardless.com/ - 1% per transaction up to a maximum of £2.00
• http://simplifiedecommerce.com/

• Authorize.Net - Payment Gateway

• Google Checkout

• https://www.gittip.com/

• http://jamesmaskell.co.uk/2013/online-payments-in-2013/ [1]

Funding potentials

• Funding Scotland - Signposting funding opportunities for Charities, Community Groups and Businesses around Scotland.

• Independent Students' Bursary (ISB)

• http://www.sdi.co.uk/

• http://techcrunch.com/2013/02/26/venture-assistance-a-philosophical-view-of-what-boards-should-and-should-not-do/

Contracting

• http://www.contractorcalculator.co.uk/

Consulting

• http://www.contractorcalculator.co.uk/charging_clients_retainer_how_they_work.aspx