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    Sca freelancing Sca freelancing Presentation Transcript

    • Guide to Freelancing
      Things to consider before you embark on a freelance career
      Claire Owen
      May 2011
    • Overview....
      • So you want to be a freelancer?
      • Explore why clients uses freelancers and what kind of traits you need to make a real success of it
      • Going about getting the gigs
      • Prepare CV and online portfolio
      • Understand the many routes to market
      • Getting Paid?
      • ‘Temp’ paid via PAYE vs Self Employed vs Limited Co vs Umbrella Co
    • So you want to be a freelancer?
      • This means you’ll be working for different companies at different times and essentially you’ll be selling your skills by the hour/day/week/month/project
      • Upside for clients:
      • More flexible over hours etc. than permanent staff;
      • Easier to hire and fire - and are not a long term commitment;
      • Available at short notice
      • Provide skills the in-house team may not have;
      • Complete one off or small, regular tasks that do not require a full time employee.
    • So you want to be a freelancer?
      • Upsides for you:
      • Being you own boss - which can be extremely enjoyable and satisfying
      • More money - freelancers are usually paid more than employees working alongside them on a project;
      • Freedom - e.g. Freelancers can, to varying degrees, choose when and where to work, when to take holidays etc.
      • Variety - by moving from contract to contract and company to company, freelancers can develop very varied experience and an impressive CV;
      • Less tax - freelancers who take professional advice can also greatly reduce the amount of tax they pay.
    • So you want to be a freelancer?
      • Downsides for you:
      • Less security - freelancers are not protected in the same way as employees;
      • Uncertainty - there are usually no guarantees of another contract when your current contract ends;
      • Hassle - because you will be running your own business, there will be forms to fill in, rules to obey and accounts to keep;
      • You will be on your own - as well as sometimes being lonely, being your own boss means, for example, that nobody will pay you when you take a holiday or are ill.
    • So you want to be a freelancer?
      • A successful freelancer:
      • Knows what they want to achieve from being in business and have thought through the financial implications of going it alone
      • Is decisive and self-motivated.
      • Easily adapts to different conditions, tools, culture and ways of working.
      • Gets on with other people and makes new relationships easily
      • Feels comfortable in a leadership role.
      • Has the ability to know when their advice is wanted and when it is not
      • Is always aware of a potential business at a client's site.
      • Looks own work rather than just lets agencies look.
      • Will have a database of potential clients, with those he or she has worked for before, near the top of the list.
      • Will keep potential clients up to date with contact information when it changes
      • Will have such a good reputation for their work – repeat business is the norm.
    • Going about getting the gigs!
      • Step 1 - How do you present yourself?
      • Portfolio
      • Website
      • CV
      • Social Media – Twitter, facebook, blog, flickr, Youtube
      • Google yourself
      • Step 2 – Routes to jobs
      • Network
      • Direct/Speculative Application
      • On-Line job boards
      • Trade press
      • Recruiters
      • Step 3 - Interview
      • Preparation
      • Professional
      • Personality
    • Getting Paid
      • PAYE
      • Easy for you, money paid with all tax/NI deducted
      • Not all companies want to take on freelancers this way – can be a hassle for them and concerns over ‘employment’ rights
      • Self Employed
      • Relatively easy to set up
      • Small regular NI Contributions
      • But employer could be contravening HMRC rules – see ESI
      • Administrative responsibilities
      • Limited Co
      • Relatively easy to set up
      • Never an issue for a company to accept your invoices
      • Potential risk under IR35
      • Administrative responsibilities
      • Umbrella Company
      • Protects you from IR35
      • Removes admin burden
      • There is a cost attached
    • Any Questions?
    • Useful Links
      • Revenue & Customs www.hmrc.gov.uk
      • Businesslink - www.businesslink.gov.uk
      • Online accountants - www.crunch.co.uk/
      • Freelancing sites/blogs
      • http://www.freelanceuk.com/become/set_up_freelance_company.shtml
      • http://creativeagencyfreelancing.com/getting-started/setting-yourself-up-as-an-agency-freelancer-uk
      • http://www.freelanceadvisor.co.uk/money/freelance-questions-how-do-i-set-up-a-limited-company/
      • http://www.freelancesupermarket.com/featured-articles/setting-up-a-limited-company-in-3-simple-steps.aspx
      • Recruitment Agencies
      • www.becomeuk.com
      • www.the-creamery.co.uk