The Finance Blog

Brain Trust 24

The Finance Blog

Author

Eleanor Brooks

Choosing the Right Accounting Software
Eleanor Brooks May 12, 2025

It’s a familiar story: you’re running a freelance business, juggling clients, projects, and deadlines — and somewhere in the chaos, financial admin takes a backseat. Then comes tax season, and you’re staring down a pile of receipts, half-filled spreadsheets, and a deadline breathing down your neck. Sound familiar? You’re not alone. In fact, for many Read More

Top Tax Deductions for UK Freelancers
Eleanor Brooks May 7, 2025

Let’s be honest — when most people think of freelancing, they imagine freedom, flexibility, and the joy of working in pyjamas. But lurking beneath the surface of every creative gig and client invoice is something far less glamorous: tax season. Whether you’re a graphic designer in Glasgow or a copywriter in Croydon, there’s one thing Read More

Registering as a Limited Company: Pros and Cons
Eleanor Brooks April 29, 2025

Thinking of taking the plunge and going limited? You’re not alone. Thousands of freelancers, sole traders, and small business owners across the UK ask themselves the same question every year: “Should I register as a limited company?” While the idea of company registration sounds appealing — professional status, potential tax benefits, and protection of personal Read More

Setting Up a Tax Savings Plan
Eleanor Brooks April 28, 2025

You’ve had a great year—clients paid on time, projects wrapped successfully, and your freelance income is finally steady. But then January hits, and HMRC sends a tax bill that knocks the wind out of you. If this scenario sounds familiar, you’re not alone. Many self-employed professionals experience this annual panic. Not because they didn’t earn Read More

VAT Registration: When and How for Freelancers
Eleanor Brooks April 22, 2025

You’re building your freelance business, clients are flowing in, and for the first time, you’re invoicing more than ever. But just as you’re enjoying the momentum, you hear whispers of “VAT threshold” and “registration deadlines” — and suddenly, your celebration feels a little premature. If you’re freelancing in the UK, understanding VAT registration is a Read More

Claiming Home Office Expenses: A Guide
Eleanor Brooks April 22, 2025

Whether you’re a full-time freelancer, side hustler, or small business owner, working from home has become the new normal. But have you ever wondered if that dining table-turned-desk or the heating costs in your “office” could actually save you money? Here’s the truth: if you use part of your home for work, HMRC allows you Read More

Understanding Double Taxation Agreements: A Freelancer’s Guide to International Tax Clarity
Eleanor Brooks April 21, 2025

Imagine this: you’re a UK-based web designer working with a client in Germany. The project’s been a success, your invoice is paid, but then you discover that 10% of your fee has been withheld for German tax. Panic sets in. Are you now taxed in both Germany and the UK? Do you have to fight Read More