Finances

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

Invoicing

Open source

• 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

• 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/

Tools

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

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

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)

Government

• http://www.adviceguide.org.uk/scotland/work_s/work_self_employed_or_looking_for_work_s.htm
• http://www.adviceguide.org.uk/scotland/benefits_s/benefits_in_work_or_looking_for_work_s/benefits_and_tax_credits_for_people_in_work.htm

Working Tax Credits

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

• https://www.gov.uk/working-tax-credit/overview
• https://www.gov.uk/changes-affect-tax-credits

• http://www.hmrc.gov.uk/taxcredits/index.htm
• http://www.hmrc.gov.uk/taxcredits/start/who-qualifies/workingtaxcredit/work.htm
• http://www.hmrc.gov.uk/taxcredits/start/claiming/get-started/how-to-claim.htm

• http://www.hmrc.gov.uk/taxcredits/payments-entitlement/entitlement/question-how-much.htm

For a single person, minimum 30 hours a week, recieve up to £790 a year. Limit to income is £13,000 per annum

Tax Credit Helpline: 0345 300 3900

• http://www.hmrc.gov.uk/taxcredits/payments-entitlement/other-benefits/affect-on-benefits.htm

National Insurance

• https://www.gov.uk/national-insurance-credits/eligibility

Needs Certificate of Small Earnings Exception (SEE).

• https://www.gov.uk/self-employed-national-insurance-rates

• Up to £5,595 @ £0 with exception
• £5,595 - £7,604 @ £2.65 a week
• £7,605 - £42,475 @ same, plus 9% of profits between

Housing Benefit

• http://www.adviceguide.org.uk/scotland/benefits_s/benefits_help_if_on_a_low_income_s/help_with_your_rent_-_housing_benefit.htm

Council Tax

• http://www.saa.gov.uk/ - search for band

• https://www.gov.uk/council-tax-benefit/overview

housing Benefit

• https://www.gov.uk/housing-benefit

Job Grant

• https://www.gov.uk/job-grant

JSA

Max 16 hours work a week.

£5, then minus and money earned.

Universal Credit

Coming October 2013.

• http://www.hmrc.gov.uk/taxcredits/universal-credit.htm
• http://www.dwp.gov.uk/policy/welfare-reform/universal-credit/