accounting

I've spent a long time explaining to people why they need to get with the times and start embracing new tech. Whether that was my father accepting credit cards at his business 25 years ago, or convincing people that the AI will change the world today. On this episode of the Garyvee Audio Experience, I share a virtual talk I had with Ignition. We discuss how to properly use YouTube Shorts to bring awareness to your business, Taking accountability, and adapting to the current social media and internet tools that exist today to grow our businesses. ENJOY!

Rob & Rob have more answers for listeners! 

• (0.33) Karen has £175k to put towards her first buy-to-let, but wants help with deciding the best way to spend it. 
• (4.46) Marcus wants to know which app is best to use to see how your portfolio is performing? 

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With more than 10mn people in the UK set to file their tax returns by January 31, are you dreading the annual nightmare - or have you already got it licked? This week presenter Claer Barrett revisits Money Clinic’s tax return guide from last year, with guests Jacquetta Brown, tax specialist at HMRC, and chartered accountant Deborah Edwards, who runs the money mentoring programme Raised Up Finance. They discuss how much extra income you need to earn before you have to submit a return, how apps can make the whole process easier, and whether it pays to get an accountant. Plus, how freelancers can legitimately reduce their bills by claiming tax-deductible expenses, or negotiate extra time to pay. 

If you would like to be a guest on the show, email the podcast team money@ft.com or follow Claer on Twitter and Instagram @Claerb.

You can follow Deborah on Instagram @raisedup.finance 

Want more?

For more about using salary sacrifice to legitimately reduce your tax bills, check out this free-to-read FT piece from Claer: https://www.ft.com/content/ff8021b9-7847-4ef5-9f20-abb2ea2d6d93

And if you’re looking for more tips about running a freelance business, this free-to-read piece has plenty of them: https://www.ft.com/content/3462f359-8a1d-4a1e-9098-a14bded3f00d

To check out the HMRC YouTube channel, click here

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

With nearly 11m people in the UK set to file their tax returns by January 31, are you dreading the annual nightmare - or have you already got it licked? In this bonus episode of Money Clinic, we answer all of the questions about tax returns that you wanted to ask. With more people starting side-hustles and small businesses during the pandemic, how much extra income do you need to earn before you have to submit a return?

Presenter Claer Barrett discusses how apps can make the whole process easier, and whether it pays to get an accountant. Plus, she explores how freelancers can legitimately reduce their bills by claiming tax-deductible expenses, or negotiate extra time to pay. Jacquetta Brown, tax specialist at HM Revenue & Customs, and chartered accountant Deborah Edwards, who runs the money mentoring programme Raised Up Finance, are on hand to demystify the jargon and pinpoint sources of help.

If you would like to be a guest on the next season of the show, email the podcast team money@ft.com or follow Claer on Twitter and Instagram @Claerb.

You can follow Deborah on Instagram @raisedup.finance 

Further reading: 

To find out more about using salary sacrifice to legitimately reduce your tax bills, check out this free-to-read FT piece from Claer: https://www.ft.com/content/ff8021b9-7847-4ef5-9f20-abb2ea2d6d93

And if you’re looking for more tips about running a freelance business, this free-to-read piece has plenty of them: Financial Tips for the self-employed https://www.ft.com/content/3462f359-8a1d-4a1e-9098- a14bded3f00d

To claim the working from home allowance, follow this link to the Gov.uk website: https://www.gov.uk/tax-relief-for-employees/working-at-home

To check out the HMRC YouTube channel, click here https://www.youtube.com/user/HMRCgovuk/playlists

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Syntax, Scott and Wes talk about how to make freelancing easier — how to avoid burnout, and tips and tricks to make it successful.

Sentry - Sponsor

If you want to know what’s happening with your errors, track them with Sentry. Sentry is open-source error tracking that helps developers monitor and fix crashes in real time. Cut your time on error resolution from five hours to five minutes. It works with any language and integrates with dozens of other services. Syntax listeners can get two months for free by visiting Sentry.io and using the coupon code “tastytreat”.

Netlify - Sponsor

Netlify is the best way to deploy and host a front-end website. All the features developers need right out of the box: Global CDN, Continuous Deployment, one click HTTPS and more. Hit up netlify.com/syntax for more info.

Show Notes

02:15 - Code

• Use starters and resets and component libraries
• Don’t build in something you don’t know, unless you have time and budget to do so — WP is good enough for most projects
• Feel free to go over time on projects if you are learning something new
• Re-use code from project to project
• Target similar types of clients

13:09 - Communication

• Often, clear and frequent
  • People won’t be mad for being too informed — just know when to leave out the technical jargon
• Clients typically don’t care about Git, React, etc. — they care about results
• Don’t overwhelm them
• Train your clients that you aren’t available 24/7

22:19 - Time management

• Set calendar alerts early and often to not miss communications
• Set meetings at 9am, don’t wait around all day for meetings
• Block off large amounts of time for dev — you won’t be able to get meaningful work done in one-hour slots

27:54 - Contracts + quoting

• Have a boilerplate contract that you can just fill in
  • Same for a quote
• Value-based billing

33:47 - Billing + taxes

• Don’t be shy when talking about money. Be clear on what you need, when you need it, and on what terms. This is business.
  • This is your art, but it’s also your business
• Pay quarterly taxes - most likely
  • Or don’t and take the small hit — then you can pay once a year
• Put taxes into another account if you aren’t good with money
• Get a billing management system or get an accountant — you need to focus on working on code
  • Wave Apps, Xero, Freshbooks

42:03 - Marketing

• Be loud — people need to know what you offer
• The best marketing is a referral from a previous client
• If you show up, return emails and do a good job, you’ll kill it
• Show people what you are excited about: blog posts, videos, tweets, etc.
• Go where your clients are:
  • Do you want to be serving small businesses? Family and friends
  • Do you want to be a hired gun for a technical team? Conferences/Twitter, blog posts

48:25 - Final thoughts

• Scott — It’s ok if freelancing isn’t for you. Not everyone is great at all of these factors, myself included. However, with practice, you can be your own boss, work on your own terms, and make money. Also, don’t be afraid to take on longer contracts with established teams and companies.
• Wes — Freelancing can be a great filler between jobs or career transitions.

Links

• Syntax 117: Hasty Treat - How To Email Busy People
• Freshbooks - Breaking the Time Barrier
• Design Is a Job - Mike Monteiro
• Wave
• Xero
• Freshbooks

××× SIIIIICK ××× PIIIICKS ×××

• Scott: Displaced Gamers YouTube Channel
• Wes: Battery Adapter for DeWALT 20V Max 18v Dock Power Connector

Shameless Plugs

• Scott: React For Everyone - Sign up for the year and save 25%!
• Wes: Master Gatsby - Use the coupon code ‘Syntax’ for $10 off!

Tweet us your tasty treats!

• Scott’s Instagram
• LevelUpTutorials Instagram
• Wes’ Instagram
• Wes’ Twitter
• Wes’ Facebook
• Scott’s Twitter
• Make sure to include @SyntaxFM in your tweets

Each week James brings on the show an entrepreneur who shares their biggest challenges and struggles in business.

James coaches the business owner through these challenges by asking those hard hitting questions in order to get to the bottom of these problems and help the business owner soar to success.

In this episode James talks with Martin who has a part time business that he setup in a full time job that is doing £25,000 a month and 5 staff... how?!

For more info head to https://jamessinclair.net/

Find us on Facebook https://www.facebook.com/jamesjimbosinclair/

Connect with James on Instagram https://www.instagram.com/_jamessinclair/

Watch James’ Latest Business Vlog https://www.youtube.com/channel/UCTm2gK928YuBSEU0lvdFJoA

In this episode of Syntax, Scott and Wes talk about what is new in Javascript — a whole bunch of new stuff that you can use now and in the next sixth months or so.

LogRocket - Sponsor

LogRocket lets you replay what users do on your site, helping you reproduce bugs and fix issues faster. It’s an exception tracker, a session re-player and a performance monitor. Get 14 days free at logrocket.com/syntax.

Freshbooks - Sponsor

Get a 30 day free trial of Freshbooks at freshbooks.com/syntax and put SYNTAX in the “How did you hear about us?” section.

Show Notes

ES2019

04:03 - Array.flatMap()
05:30 - Array.flat()
07:37 - Array.fromEntries()
09:50 - String.trimStart() and String.trimEnd()
11:23 - Function.toString()
11:57 - Object Key Order

1. Integer keys in ascending order (and strings like “1” that parse as ints)
2. String keys, in insertion order (ES2015 guarantees this and all browsers comply)
3. Symbol names, in insertion order (ES2015 guarantees this and all browsers comply)

ES2020

14:50 - Big int
18:09 - Nullish coalescing
20:57 - Optional Chaining
24:55 - promise.allSettled
25:33 - Dynamic import
27:14 - string.matchAll(regex) and string.replaceAll
29:30 - globalThis
30:44 - Module Namespace Exports
33:11 - Navigator.share() API
36:34 - Async Hooks
37:39 - Pipline Operator
39:59 - Top Level Await

Links

• https://twitter.com/wesbos/status/1181584047144878080
• https://twitter.com/wesbos/status/1238472679893671938
• https://twitter.com/wesbos/status/1230515254687301635
• Regex101
• Regexr
• https://developer.mozilla.org/en-US/docs/Web/API/Navigator/canShare
• Sketch
• CloudApp
• Figma
• https://nodejs.org/api/async_hooks.html
• Gulp
• https://v8.dev/features/top-level-await
• https://github.com/tc39/proposal-pipeline-operator

××× SIIIIICK ××× PIIIICKS ×××

• Scott: Sapper
• Wes: Dewalt Oscillating Multitool

Shameless Plugs

• Scott: Level Up Tutorials Pro - Sign up for the year and save 25%!
• Wes: All Courses - Use the coupon code ‘Syntax’ for $10 off!

Tweet us your tasty treats!

• Scott’s Instagram
• LevelUpTutorials Instagram
• Wes’ Instagram
• Wes’ Twitter
• Wes’ Facebook
• Scott’s Twitter
• Make sure to include @SyntaxFM in your tweets

Companies have all kinds of discretion in how they recognize revenue and costs. Some of this is legit. Some of this is fraud. On this week's episode of the Odd Lots podcast, we speak with Howard Schilit, an expert in forensic accounting and the author of “Financial Shenanigans: How To Detect Accounting Gimmicks & Fraud in Financial Reports.”

See omnystudio.com/listener for privacy information.