Self Employed

A cartoon man sat at a desk working on AI and automation on his computer, while a floating orange robot pointing at the screen

How AI and automation can save your small business time and money

Across your business plan, there are many jobs and processes that AI and automation can have a huge impact on. And don’t feel guilty about using this technology. Because between managing finances, handling customer inquiries, and trying to grow your company, there never seems to be enough hours in the day for small business owners. […]

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animation of a woman sat at her home office desk looking at a laptop while decorators paint the walls and lay the floors behind her - representing claiming home renovations through your business

Home renovations & taxes: Smart business move or risky strategy?

If you’re a contractor or small business owner working from home all or some of the time, you’ve probably looked for ways to maximise your business expenses. One area that often sparks debate is home renovations: can you, or should you, put those costs through your business? On the surface, it might seem like a

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a paper sculpture of a head and a pattern where the brain would be, with a tie and white shirt and navy blazer to symbolise a business growth mindset

The growth mindset: New potential for established businesses

Long-term success in business doesn’t mean simply maintaining what you’ve built. It means remaining adaptable, embracing new opportunities, and continuing to innovate. For established businesses, this means adopting a growth mindset – a strategic outlook that advances expansion, resilience, and innovation. At Companion Accountancy, our team of accountants believe this mindset is essential for thriving as

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Missed the Self-Assessment tax return deadline?

Don’t panic. Contractors and small business owners in the UK who missed the self-assessment tax return deadline on October 31 still have the chance to submit! There is also an online deadline of January 31, so there is still time to get everything sorted. Here’s what you need to know, the steps you need to

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When to increase your prices and day rates and how to tell your clients

Knowing the right time and reason to increase your prices or day rate is a challenge for any small business owner. As a contractor or small business owner, knowing when and how to increase your prices or day rates can feel daunting. However, charging what you’re worth is key to maintaining a sustainable business, rewarding

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7 tax reliefs your small business could be entitled to

There are various tax reliefs for small businesses and contractors that can ease the financial pressures that come at the end of each fiscal year. As a small business or contractor in the UK, understanding the tax reliefs available to you can make a significant difference to your financial health. The UK government offers a

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A guide to remortgaging for freelancers, contractors, and the self-employed

Individuals with non-traditional job statuses often encounter unequal treatment from lenders because of their unconventional income sources, and it’s unfair. For freelancers, independent contractors, and the self-employed, gaining a mortgage and remortgaging might seem more complex due to the lack of a typical income stream. Nonetheless, there are mortgage options that can be customised to

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