Did you know that in the UK if you earn a certain amount you can legally save money on the tax that you pay. It’s a foreign concept for us back home as we pay tax without thinking without wondering how we could pay less. In the UK this is a very popular and effective way to earn a bit more every month and there are many companies out there who can help, some better than others.
After doing our homework, we recommend you speak first to First Freelance. They will discuss with you if they can save you money first and the best way to do so. They will inform you if it’s not worth your while and fill you in with all the legislation involved so that you don’t get any nasty surprises at the end of the tax year!
Before I pretend I know a lot about tax in the UK, I’ll admit this was something I had no clue about but even now I see the benefits of having a limited company. It costs nothing to ask and the team at First Freelance are very helpful!
More about First Freelance:
First Freelance provides market leading accountancy, tax, payroll and support services to freelancers and contractors operating across all sectors in the UK.
Their qualified accountants and tax advisers are specialists in contractor tax, which means they can help you operate in the most tax efficient way and comply with HMRC’s rules. They offer a portfolio of services to suit the needs of every contractor because they don’t believe in a one-size-fits-all approach. They offer a cutting-edge cloud platform, so you’re always on top of your finances from your smartphone, 24/7!
They are fully accredited members of the Freelancer and Contractor Services Association (FCSA), the industry compliance gold standard, and were recently awarded the Cabinet Award for Customer Service Excellence to contractors and freelancers.