Business

The IR35 legislation unquestionably complicates the lives of independent workers and it has impacted businesses that regularly use contractors.

The Institute of Certified Bookkeepers recommends that practising bookkeepers in the UK should have some level of professional indemnity insurance. Namely at least £50,000 or 2.5 times of the annual turnover.

This is a question often asked by those who have decided to go contracting, freelancing or are thinking of setting up a business.

If you are thinking about or on the verge of setting up your own bookkeeping business, you are probably sitting in front of your laptop or computer browsing for tips and guides to help you turn your plan into reality.