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The Finance Blog

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Understanding Tax Obligations

Income Tax Rates for Freelancers in 2025: What You Need to Know

Freelancing offers freedom — no office politics, no clocking in, no micromanagers. But it also brings a less glamorous responsibility: sorting your own taxes. And let’s be honest — the phrase UK tax rates doesn’t exactly spark joy. Still, if you’re freelancing in 2025, understanding how the income tax system works isn’t just important — Read More

National Insurance Contributions Explained
Oliver May 2, 2025

If you’re self-employed, the phrase National Insurance Contributions (or NICs) has probably popped up on your tax return or accounting software more than once. And like many freelancers or sole traders, you might have nodded, pretended to understand, and carried on with your day. No shame in that — you’re not alone. NICs can feel 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

Freelance Tax Basics: What You Need to Know
Henry Caldwell April 21, 2025

So, you’ve taken the leap into freelancing — flexible hours, working in your pyjamas, being your own boss. Glorious, right? But just when you’re celebrating ditching the 9-to-5 grind, tax season rolls around like an uninvited guest. Whether you’re a seasoned gig worker or just starting your side hustle, understanding how freelance taxes work is Read More