Any suggestions for places to get business information in general. Looking to set up separate bank accounts for my freelancing gigs. I was wondering if anyone had suggestions. Books,Blogs, SaaS
My googling has only turned up generic content that almost seems auto-generated.
Been freelancing over 12 years and I may be pretty relaxed by now but...
set up a separate bank (don't need to be a business account). I used Simple Bank as it has a high yield savings account at 2%.
use the simplest invoice software. This is a rabbit hole that ends up wasting time if you keep looking. Your client don't care about your software, just make it as easy for them as possible. The two main features is tracking that they opened it, auto nagging so it will send again if they haven't paid and having all pay options.
I set up an auto pay from my Simple bank account to my daily spending. It's no magic number. Just keep in mind you want to have a 6 month runway at minimal. I'm working freelance-like salary job at the moment so I don't pay myself anything from my freelancing on the side.
Hope this helps, feel free to reach out if you want to chat more.
I've been freelancing for several years now. Here's an overview to my setup:
Happy to take any specific questions you might have, either here or via email.
I've never seen evidence that being a limited company is worthwhile from a tax perspective, and have been told by two tax accountants that there wouldn't be a saving. I have other friends who have set up limited companies rather than being a sole trader and claim to have saved loads on tax. Anyone have a view on this one?
Do you have any more specific questions?
https://www.and.co
Anything else?
Sounds great! I have difficulty in management as a freelance.