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Make More Money Online

Make More Money Online

 

It seems every one of us has this goal. But most of us—freelancers—just don’t know how to achieve it. Some freelancers would say they lack the talent to get high-paying projects, while others would say they don’t have the endurance to work all throughout the week. You may be earning 3 times more than your previous 8am-5pm job. But to earn six times to ten times your average office salary is something you really want to achieve in your career.

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Maximizing Your Savings

Maximizing Your Savings

Keeping your money in a safe place is an essential thing every freelancer should consider. Financial stability is fleeting for individuals who don’t know how to keep their money. That’s why you should be able to control the flow of your money, and not the flow controlling you. In short, don’t be carried away by the overflowing money hitting your account. You should think of the future and spend wisely. Unless you plan to still work after the age of 60, you should keep every cent of your earnings. So the ways to maximize your savings are:

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Advantages to Working through a PAYE Umbrella

People have always wanted to know what the advantages to working through a PAYE Umbrella are. Actually, it is very easy to sign up for those companies. The only problem is that it is very difficult to decide if those are what people really need. Since there are so many PAYE umbrella companies out there, it is important for people to spend time doing some research works. They should do those works so that they will end up signing for the best companies that suit their needs. Even if they think that they already which companies to sign up for, they must still wait for firm offers. In fact, there are recommended to let the authorities view their contracts so that they will know what mode of payments they should use.

 

The following are the advantages to working through a PAYE Umbrella. People could be contractors so that they will be considered as employees of umbrella companies. They are required to submit forms to the umbrellas. Those forms should instruct the umbrellas to invoice the agents based on their time sheets. After that, they could get paid as employees. The umbrellas will already deduct the necessary fees and income taxes on the earnings. Since those things are deducted, people do not have to pay anything else at all. There are no more further taxes that people will think about. The employees will only be required to fill in the necessary details in their time sheet and they could start getting salaries already. People do not have to worry about doing very meticulous paper works.

 

There are also other advantages to working through a PAYE Umbrella. The umbrella is ideal for those employees who have short term contracts. Sometimes, people are unsure when it comes to contracting. PAYE umbrella companies are recommended to those people. Any PAYE company is also ideal for those who only amount to less than twenty-five thousand pounds in a year. Salaries will be automatically sent to the bank accounts of the employees. When it comes to contracts, the people should really view the terms and policies which are included.

For people to know better if they could really get advantages to working through a PAYE Umbrella, they must know how to question the companies. First, they must know what types of services the companies provide. There are times when some companies offer more than the others. It is also wise for people to know how those employers will examine the contracts. There are different ways in examining contracts. Since the process involves a lot of money, people should also ask about the rates and fees. There are times when hidden charges are included and people only find those hidden charges when it is too late to back out already. Lastly, umbrellas pay in different ways. That is why it is recommended for people to check their umbrella regarding payments. Some pay their employees automatically. There are also some who only make payments after one month.

 

 

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How to Stay Motivated as a Freelancer

Freelancing is a very tough job. It is true that it might bring you a lot of benefits. However, the truth is that, freelancing is one of the most boring jobs that people could get. If you are a freelancer, you really need to learn how to get motivated so that your production will not be affected. The following are tips will teach you how to stay motivated as a freelancer.

Organizing your Work Place

First, it is very important for you to organize your work place. Your work place must be somewhere where there is good lighting and proper air ventilation. Good lighting and fresh air will help you maintain you keen senses. They could help the brain function better as well. You should also remove all those unnecessary clutter around. It might be helpful if you could get the clutter out of your sight. You should always keep your desk organized by using pencil holders and other containers. A clean workplace will certainly help you get motivated to do more work. Posters which contain motivational quotes and characters will also help you a lot.

Getting a Business Partner

Loneliness is one of the worst enemies that freelancers will encounter. Since they are working alone in an isolated place, there is a big possibility that loneliness will strike. Lonely individuals really need to get some business partners to keep motivated. If you are working alone, you might want to network with other freelancers so that you would not feel isolated. They will surely provide inspiration. At least you have some friends which could relate to the things that you are experiencing. It would also be great if you could hire an assistant or a co-freelancer. You could do tasks together in one place so that you would not get lonely. Getting a business partner is the second thing that freelancers should consider to get motivated.

Loosen up a Bit

There are so many benefits that freelancing brings. Because of that, most people engage themselves too much with the tasks. It is not good if freelancers decide to be workaholics. If they engage themselves in freelancing too much, they will loose motivation sooner than they think. That is why it is recommended for freelancers to loosen up a bit. Watching a nice movie after work or enjoying a day at the beach could really fix the senses. After doing those things, freelancers will really get motivated to go back to what they do. Those are the tips on how to stay motivated as a freelancer.

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31st January Deadline for the Self assessment Tax Return

Almost everyone needs to complete a tax return. The people who are paying their due taxes through their earnings through tax codes are exempted. There are times when some are required to complete the tax returns even if they are already paying through their tax codes. The following are those who are required to complete tax returns. If a person is self-employed, he is not exempted. Being self-employed means not being part of any company other than the one which is being owned. Company directors and trustees of certain companies are required to complete their tax returns as well. Employees who are receiving income from abroad are not exempted.

Tax returns must be submitted manually to the HMRC before the midnight of the thirty-first day of October. In some cases, it is not possible to submit on that deadline. Those papers which will be submitted after that deadline will not be accepted anymore. People should not worry since they could send those things online. They must consider the 31st January Deadline for the Self assessment tax return. People must consider that deadline since they will be forced to suffer the penalties. The penalties will cost them more than one hundred pounds. Those who are planning to pass their tax returns must send those things as early as possible to avoid paying huge amounts of cash. If people could not submit by the 31st January Deadline for the Self assessment tax return, they will also be forced to pay more than one thousand pounds. That will occur if the people have been late for more than ninety days already.

Recently there was a strike which were conducted by the office staff of HM Revenue and Customs. People could use that strike as an excuse for not making the 31st January Deadline for the Self assessment tax return. That excuse is very reasonable. In fact, according to the website of HMRC, they will not implement penalties to those who could not make the 31st January Deadline for the Self assessment tax return. People are allowed to pass their tax returns online before the second day of February. Those who pass on the first or second day of February will not be forced to pay the penalties. However, those who submit beyond that period will suffer. The goal of the HMRC makes sure that employees who are filing their tax returns will not be placed at a disadvantage.

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How To Keep Yourself Busy In the Quiet Times

There are some people who really love to write. They are gifted with writing skills that they could turn simple words into great forms of literature. Those people have talents to express their opinions through the colorful words that they use. It is very difficult to write literary pieces. There are only a few people who possess such skills. If people have those great writing skills, they must use them to earn money. It would be a waste of time and talent if they will not use those things. Who does not want to earn money while doing the things that he loves? If you are a writer who has a lot of time to spare, you might want to try freelancing.

The following are tips that could teach you how to keep yourself busy in the “quiet times.” The quiet times which are being referred to are those moments when people are not doing anything. Of course, there are a lot of things that people could be busy with. Some are busy doing school stuff while some engage themselves in their occupations. However, it is unavoidable that there are times when people have nothing to do. It might be that they only work for a few hours, or they work only on specific days. It would be a great idea if people could write to earn money.

There are so many websites where people could go to if they want to earn money while writing. There are some clients who are willing to pay excellent writers to create articles. Those articles are used for a lot of things. Sometimes, they are used in advertisements. Those articles are also posted in certain web pages. Interested writers could go to one of those sites where freelance jobs are being offered. They should sign up and they will start receiving tasks. They could start getting themselves very busy. Freelance writing requires people to do a lot of research. Just one article could really make a freelancer very busy.

Instead of spending some time watching lousy television shows or playing weird video games, you should really keep yourself busy with freelancing. Not only will you be able to do what you really love, but you will also earn money for every article that you make. The things which are mentioned above aims to teach people how to keep yourself busy in the “quiet times.”

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Keeping Basic Accounts as a Freelancer

Keeping Basic Accounts as a Freelancer

Doing freelancing has always been very rewarding. You work all the way from your place. You work at your own time. You earn as much as you want. You don’t have a grumpy boss to whoop your ass around. And you don’t have jealous officemates ready to stab the moment you turn your back. No matter how you put it, however, you end up the guy who doesn’t have a stable job. That is why it’s important for you to keep track of your basic accounts. The following are important considerations you need to take into account:

Get a Solid Billing System—as online invoicing tools grow in numbers, you can try them and see what billing system you are convenient working with. You can register for a trial version, which allows you to test run their system. Make sure to compare each other’s features. See where you can make most of your money.

Keep a List of People Who Owes You Money—knowing the ones who are paid up and the ones who are past due allow you to catch a glimpse of your earnings for a specific month. Doing so will give you a real-time data of your income against your payable bills. It allows you to draw out or update your plans for the next working session should you see lapses in the previous one.

Save Every Eeceipt of Every Payment—might sound unhealthy hoarding of unnecessary things, eh? It’s not pointless at all. Do this and you surely save thousands of dollars yearly. Keeping all receipts from food, gas, electricity, internet connection and phone lines allows you to see whether you have large unnecessary expenditures or a cost-efficient way of life.

Create a Bank Account Intended Only for Online Purchases—you surely don’t want to mix up your personal accounts with your business account. You’ll be protecting the safety of your business, house and your money if you maintain it that way. Breach of this simple rule would endanger you to be exposed to legal hot waters that might result to the loss of your business and properties. So, again, keep different accounts.

Track Your Everyday Spending—earning is inversely proportional to your spending. The higher your expenses, the lower your income gets. You may want to make sure that your money is well spent than being thrown away for pointless things. List all things you purchase and all bills you paid. Categorize each purchase or payment into two: “necessary” and “unnecessary.” Of course, you owe yourself with the latter but make sure to keep it low.

Being a freelancer gives you the freedom—to earn and to spend. Your earning is boundless, not limited by a four-cornered office walls. You get to buy what you want, and spend like you just got your face on Forbes Magazine. But end of the day, you are still a freelancer. No work, no pay. And it is necessary that you think smart. Keep your basic accounts in check, because you don’t have a lifetime to work. Think ahead of everyone. Good Luck!

 

 

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