Taking the fear out of self-employment with technology


With working practices and attitudes to employment changing following the pandemic, self-employment technology specialist, Wise, recently took a deep dive into uncovering the UK’s views on work and self-employment – and the results were startling.

For instance: 37% of people were hesitant towards self-employment due to worries about being unable to pay their bills. However, 35% of younger people are aiming to start their own business as soon as possible, with 30% of people saying that being your own boss is the only way to achieve true fulfilment.

Being your own boss can seem daunting for those who have never handled their own tax before or had to deal with managing different levels of income from month to month. Wise works with over 250 UK logistic firms and over 50,000 subcontractors with its technology easing the fears around this type of work whilst helping both people and businesses to save time and money.

Historically, self-employed subcontractors, along with all the responsibilities of their role, have managed their own taxes, invoices and completing a self-assessment tax return. Typically, this has caused some business owners stress, particularly when it comes to dealing with HMRC, and many have opted to bring in costly high-street accountants to ease this burden. However, by utilising the new Wise platform, subcontractors have access to a partner accountancy service and a range of support that aims to help them save time, money and stress.

Simon Hills, Chief Executive Officer at Wise, said: “Self-employed business owners are a vital part of the UK economy and they have certainly been hit harder than most over the last couple of years. We’re committed to innovating and creating truly revolutionary technology that not only supports subcontractors who are currently within this sector, but also reduces the fears and barriers that our independent research shows are still putting some people off this type of work.”

To find out more about how Wise is improving the entire self-employment experience within logistics, head to: www.withwise.com