While working at home as a freelancer sounds like the ultimate dream for anyone who tires of the rat race, freelancers still have more than their fair share of financial matters to worry about.
Philip Hammond delivered his 2016 Autumn Statement on 23 November and announced it will be the last of its kind. There will be a Spring Budget in 2017 followed by a second Budget later in the year followed by annual winter Budgets.
Although most entrepreneurs recognise the importance of careful financial management, few want to spend their time dealing with numbers. Unfortunately, not keeping a close eye on your income and expenses can be very costly for a business.
Many people worry about inheritance tax and, for the majority of people, their home is their most valuable asset. Parents, particularly as they enter their twilight years, may consider giving their home to their children or grandchildren to keep the taxman from getting his hands on it.
Wondering if you're doing everything you can to boost revenue and cut costs? Or if your business is actually more profitable this year than it was last?
The best way to answer these questions is with a thorough assessment of profitability.