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Are you Ready for Freelancing?

This brief questionnaire asks a handful of important questions to help determine whether or not you are ready to go freelancing! Try it today!

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Question 1 of 14

Contracting and Freelancing are the same thing; True or False?

A

True

B

False

Question 2 of 14

There are two different schemes of VAT, and which is most cost effective depends on your individual circumstance. True or False?

A

True

B

False

Question 3 of 14

As a Freelancer, I'm expected to work Monday to Friday, 9-5, I'll have a boss and they'll tell me the hours I need to do, and when I need to do them. True or False?

A

True

B

False

Question 4 of 14

What is statistically the most engaged with post format on LinkedIn in 2024? 

A

Text Posts

B

Images with Text

C

Video

D

Multi-Image posts / Carousel

E

Polls

Question 5 of 14

As a Freelancer I'll be earning a lot more, so I need less savings. True or False?

A

True

B

False

Question 6 of 14

An accountant is a luxury and as a Freelancer, it's our job to know everything about tax. True or False?

A

True

B

False

C

New Choice

Question 7 of 14

How long could you survive on your current savings, if work fell through?

A

2-3 Months

B

3-4 Months

C

5-6 months

D

9 Months +

Question 8 of 14

In Freelancing what does the term "SoW" stand for?

A

Short of Work

B

Staying Out of Work

C

Scope of Work

D

Strange or Weird

Question 9 of 14

Your CV is your shop window for clients. How many pages should it be?

A

1

B

2

C

2-3

D

3-4

E

As many as required

Question 10 of 14

What's the current rate of Corporation Tax in the UK?

A

19%

B

20%

C

Tapered scale from 19-25% DoE

D

22%

Question 11 of 14

IR35 is a Tax Legislation specific to Freelancers and Contractors and determines how much tax you'll pay and how you'll pay it. 

Is it true that you can get around IR35 by using a special type of Umbrella Company? 

A

True

B

False

Question 12 of 14

A contract operating Inside IR35 will need how much of a rate increase to compensate the additional taxation?

A

5-10%

B

10-15%

C

15-17.5%

D

17.5-20%

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Question 14 of 14

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