Tag: personal-finance

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This guide is part of our Cash Flow for Tradesmen section, where we explain how to manage money in a trade business. Saving money can be difficult for many tradesmen, especially when income changes from month to month. Some weeks bring in several payments at once, while other periods can be quieter. Because of this…

How to Build a Financial Safety Buffer as a Tradesman

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in Cash Flow & Financial Stability

This guide is part of our Cash Flow for Tradesmen section, where we explain how to manage money in a trade business. Running a trades business often means dealing with unpredictable income. Some months are busy and profitable, while others can be quieter than expected. On top of that, unexpected costs can appear at any…

How Deposits and Stage Payments Protect Your Cash Flow

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in Cash Flow & Financial Stability

This guide is part of our Cash Flow for Tradesmen section, where we explain how to manage money in a trade business. Cash flow is one of the most important parts of running a successful trades business. Even when work is steady and jobs are profitable, poor payment structures can leave a business short of…

The Hidden Costs of Being Self-Employed in the Trades

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in Pricing & Profit

This article is part of our Pricing & Profit guide for tradesmen, which explains how to charge properly and run a profitable trade business. Many tradesmen become self-employed because they want more freedom, more control over their work, and the chance to earn more money. While self-employment can offer all of those things, it also…

How to Calculate Your Day Rate as a Self-Employed Tradesman

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in Pricing & Profit

This article is part of our Pricing & Profit guide for tradesmen, which explains how to charge properly and run a profitable trade business. Most self-employed tradesmen set their day rate by copying someone else on site.The problem is that many of those tradesmen haven’t calculated their own costs either. One of the biggest financial…

How to Avoid the January Tax Panic as a Self-Employed Tradesman

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This guide is part of our Tax for Tradesmen section, where we explain how tax works for self-employed tradespeople. For many self-employed tradesmen, January can be a stressful time of year. The Self Assessment deadline arrives, and suddenly a large tax bill needs to be paid. This situation is often called the “January tax panic.”…

Payments on Account Explained for Tradesmen

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This guide is part of our Tax for Tradesmen section, where we explain how tax works for self-employed tradespeople. Payments on Account explained simply: Introduction Many self-employed tradesmen are shocked when they receive their first large tax bill. In some cases the amount owed can feel almost double what they expected. This usually happens because…

The Most Common Tax Mistakes Self-Employed Tradesmen Make

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This guide is part of our Tax for Tradesmen section, where we explain how tax works for self-employed tradespeople. The most common tax mistakes tradesmen make include: Introduction When you’re self-employed, managing tax becomes part of running your business. Unlike employees who have tax deducted automatically through PAYE, self-employed tradesmen are responsible for calculating and…

What Expenses Can Tradesmen Claim Against Tax?

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This guide is part of our Tax for Tradesmen section, where we explain how tax works for self-employed tradespeople. Introduction One of the biggest advantages of being self-employed is that you can deduct legitimate business expenses before paying tax. Many tradesmen pay more tax than necessary simply because they don’t realise what they’re allowed to…

How Self-Employed Tax Works for Tradesmen in the UK (Complete Guide)

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