Weekend Reading – 06/04/18

Weekend Reading

Improved digital connectivity is essential to the growth of freelancing and contracting in the UK. That’s why this week’s 5G auction, and the ensuing bidding war, is good news for all concerned. We take a look at that, and some other topics of interest, in this week’s Weekend Reading.

O2 splashes £500m in 5G spectrum auction to remove obstacle to blockbuster float

“The mobile operator O2 has spent more than half a billion pounds to bolster its network and prepare for the introduction of 5G technology, in a vote of confidence by its Spanish owner Telefonica viewed as essential to plans for a blockbuster stock market float.

The telecoms regulator Ofcom said an auction of mobile airwaves had raised a total of £1.4bn from Britain’s four main operators.”

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Weekend Reading – 29/03/18

Contractor News

Read on for this week’s news round-up. We’re taking a look at a variety of topics, from IR35 and Brexit to the banking and finance industry:

Businesses face unanswered questions a year from Brexit – sector by sector analysis

“With only a year to go until Britain leaves the EU, a mounting backlog of unresolved problems is causing business to take evasive action – despite government attempts to buy more time with a transition deal.

More than half of large companies have already put emergency contingency plans into action, according to a survey, and in key sectors such as insurance and transport there are warnings of higher prices and disruption for customers if the fragile truce breaks down.

British and EU governments last week agreed to postpone discussions over Northern Ireland in order to provisionally agree that a 21-month transition phase could begin after March 2019, but only so long as outstanding disagreements are solved nearer the time.”

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GDPR – What does it Mean for Contractors?

GDPR Contractors

Cyber-attacks have become more prevalent than ever in the last 12 months. A recent report from the National Cyber Security Centre noted that there had been over 1,100 attacks in the UK last year, of which over half (590) were deemed significant. 30 of those attacks, a number of which were in the Financial Services Sector, required assistance from government bodies.

To put it in even starker terms, the UK deals with more than 10 significant cyber-attacks every week – and that’s only taking into account those which were reported. Unfortunately, such attacks must now be considered par for the course when it comes to business, and we need to ensure that we are all prepared to deal with them.

With the much-discussed General Data Protection Regulation (better known by its acronym GDPR) coming into force on 25th May 2018 we’re taking a look at what exactly the implications will be for contractors and freelancers. How can you make sure you’re GDPR-ready?

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Weekend Reading – 23/03/18

Kingsbridge News

We’ll be rounding up a selection of interesting stories we’ve found once a week for your reading pleasure. Click on the links below to read the full article.

Ikea rolls out nationwide assembly services with TaskRabbit

“The Swedish furniture retailer announced plans on Tuesday to roll out a program with labor marketplace TaskRabbit nationwide. Customers can book a “tasker” through TaskRabbit to assemble their Ikea furniture for a flat price depending on the size of the item.

The service is currently available in New York City and San Francisco locations and will be released in more major cities throughout the year. Customers also may signup for the service online in locations where TaskRabbit is already available.”

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Why was the Spring Statement so short?

Spring Statement

Although it came in at slightly over the previously estimated 20 minutes last week’s Spring Statement was still a refreshing departure from the normal bluster that surrounds political policy announcements. But why was it so trimmed down?

No major policy changes

Normally, government Budget announcements are awash with fiscal policy changes and everything from income tax to duty paid on a pint of lager can be up for a rethink. However, 2018 has seen the start of a new format, where the Spring Statement will be reserved for responses to OBR data alongside a few key updates. The Autumn Budget (which usually takes place in November) will be where all of the major financial changes will be put forward. On the whole, this was borne out yesterday with little-to-no mention of policy, other than references to reform and legislation that had already previously been announced.

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Practical tips for contractors and freelancers preparing for the end of the tax year

Practical Tips for Contractors

We know it doesn’t seem like much time has passed between the end of the last tax year and the end of this one, but we’re almost there already.

While there’s no need for you to submit your tax return immediately on 6 April, many contractors and freelancers don’t like to hang around. After all, there’s not much sense in waiting until the October and January deadlines to rush everything in.

Furthermore, if you operate on a cash in, cash out basis then your books are probably more or less good to go. So, what can contractors and freelancers do to prep for the end of the tax year and ensure submitting their 2017/2018 Self-Assessment is a breeze?

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Where can I get a Website for Free?

Top 10 Free Websites

Top 10 DIY website builders for small businesses

There used to be a time when building your own website was something you outsourced to a specialist. But these days, whether you know your Ruby from your Python or not, a great-looking site can be completed in the space of an afternoon.

As a self-employed person, it’s become ever more important to make sure that you have a visible presence online. A quick Google search is often the entry point for any organisation looking for a self-employed professional, so it pays to put the time in.

There are a vast array of free website builders out there, but the difference in ease of use and quality varies dramatically. Take a look below for our ten preferred options (in no particular order).

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How contractors and freelancers can get into shape for the new tax year

Contractor Tax Tips

While it’s vital to make sure you’re prepared for the end of this tax year, it’s also good practice for contractors and freelancers to make sure they’re in shape for the next tax year too. A bit of organisation and preparation can save you time later on, making the whole Self-Assessment process much easier.

At Kingsbridge, we’ve been helping contractors with their insurance needs for a long time, so we like to think we’re in good position to provide some advice. So, let us share our tips for how to get yourself into shape for the 2018/2019 tax year.

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Things every contractor and freelancer should consider at the start of 2018

Contracting Plans 2018

You should be well into your new year’s resolutions now. But as you continue to get fit, quit biting your nails, as well as reading a new book every week, have you given much thought to your business?

Obviously, you’ve thought about it, but have you thought about the things you could do throughout 2018 to make your business better and your life easier? No? Read on below for a list we’ve put together with some of the top things contractors and freelancers may want to have in their sights over the next 12 months.

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How to market yourself in 2018

Marketing Yourself

For most contractors and freelancers, marketing their business is a task that falls to themselves. At the end of the day, you have to let people know you’re out there and get yourself seen by the right people.

If you’re new to contracting or freelancing, you may still need to set up your marketing channels. If you’ve been contracting a long time, you may of course be able to rely on word of mouth, but surely it can’t hurt to add increase your visibility a little more? We’ve put down some of the essential ways contractors and freelancers should be marketing themselves in 2018.

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