Audio Production – Introduction to
Freelance and Self Employment
Working.
Helen McCarron
Careers and Employability Adviser
(Arts)
Claire Butler
Student Enterprise Co-ordinator
www.uolcareers.co.uk
[email protected]
[email protected].
At the end of session one you will be able
to:
To identify support services for self
employment.
To understand some key considerations of
self employment and freelance working.
Media Labour Market
• ‘30% of people working in
creative media are freelance’.
Creative Skillset Workforce
Report 2014
• 67% in Audio, Sound and Music.
• 30% of last year’s AP grads were
freelance. Majority that went
into AP.
Creative Skillset Workforce Survey 2014
Self Employment/ Freelance Working Quiz
1. BECTU recommended day rates for sound
assistants working on feature films in the
UK range from….
A. £175 - £285
B. £275 - £385
C. £375 - £475
Self Employment/ Freelance Working Quiz
2. Which of these statements is a
classification for self employment?
A. Sale Trader
B. Sole Trader
C. Self Trader
Self Employment/ Freelance Working Quiz
3. On what two dates should you pay your tax
if self employed?
A. 31st January and 31st July
B. April 1st and December 1st
C. Only one date
Self Employment/ Freelance Working Quiz
4. What is the advisable amount of time
to keep your sales records for?
A. 1 year.
B. 2 years.
C. 5 years.
Self Employment/ Freelance Working Quiz
5. What can you class towards business
expenses?
A. Travel Cost
B. Phone Bill Cost
C. Uniform Cost
Self Employment/ Freelance Working Quiz
6. What is the annual threshold before
tax is applied?
A. £10,000
B. £11,000
C. £14,000
Self Employment/ Freelance Working Quiz
7. What do Creative Skillset quote as an
annual figure for a qualified
accountant?
A. £500-£1000
B. £250 - £500
C. £100 - £250
Self Employment/ Freelance Working Quiz
8. What is the advisable amount of
money to put aside for your tax bill?
A. 10 – 20% of each pay check.
B. 30 – 40 % of each pay check.
C. 50 – 60% of each pay check.
Self Employment/ Freelance Working Quiz
9. If you are working in two roles
(freelance and working part time as
an employee) do you include these
both on your tax return?
A. Yes
B. No
Self Employment/ Freelance Working Quiz
10. Invoices must include….
A. Supply date
B. Your company name
C. VAT amount
Pricing Work
• Freelance Toolkit Creative Skillset
BECTU – Accountancy Q&A
• Tax purposes – Freelance always means self
employed.
• Contract terms https://www.creativetoolkit.org.uk/yourrights/contracts
• HMRC specialist guide - Film, Television and
Production Industry Guidelines. – Concern from
HMRC that people who are categorised as self
employed should actually be employees.
Self Employment – Pros and Cons
Pros
• Freedom to work around requirements.
• Cost of commuting.
• Variety of projects – portfolio working.
• Being your own boss.
• Flexible for the creative industries - high
% of freelance workers.
Cons
• Uncertainty.
• Initial start up costs.
• Security – e.g. maternity/ paternity,
sickness, paid holiday etc.
• Switch off time from work.
Student Enterprise - Workshops
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•
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Business Planning Part 1 & 2.
Marketing Strategy Part 1 & 2
Financial Planning.
Sales Pitching Part 1 & 2.
Inspiration and Ideas.
Finding Investment.
Book Keeping.
Making Money from IP.
Copy Writing.
New in Social Media.
Trademarking.
Copyright.
Social Enterprise.
Communication for Business.
Careers Support
▶
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Careers, Lincoln Award and JobShop Drop
in… Students Union (Mon – Friday 10:00 –
15:00.)
[email protected].
[email protected].
www.uolcareers.co.uk.
Social Media
Like us on Facebook:
/UoLCareers
Follow us on Twitter:
@UoLCareers
Further Resources
HMRC - https://www.gov.uk/working-for-yourself/overview
Creative Skillset Freelance Toolkit
http://creativeskillset.org/who_we_help/creative_professionals/freelance_toolkit
Bectu – Tax Q&A
https://www.youtube.com/watch?v=ByLQOtVLGUM&list=PLdgPXHw6t15eZSSyw
Jv3rxe7b6g6Q3C14&index=3
https://www.creativetoolkit.org.uk/your-career/tax
HMRC – Self Employment Guide
https://www.gov.uk/working-for-yourself/overview
Crunch – What freelances wish they knew
https://www.youtube.com/watch?v=ttL2FR0dhNA
Princes Trust - https://www.princes-trust.org.uk/help-for-young-people/supportstarting-business
RTS Freelancer Guide http://www.rtsfutures.org.uk/sites/default/files/RTS%20Futures%20-