Experts at freelancer bookkeeping and accounting
How we help freelancers
As a freelancer keeping on top of paperwork and juggling between clients can sometimes mean your bookkeeping and accounting are not a massive priority on your to do list. This is many cases leads to missing important tax deadlines and confusion later on down the road as you reconcile records from several months prior. That’s why hiring an accountant can prevent fines, save you tax and ultimately act as your accounting pillar.
Frequently asked questions
A freelancer is a self employed individual, who works for different clients simultaneously on particular project.
One of the first things you need to do as a freelancer is register with HMRC as sole trader. This is to ensure you pay the correct national insurance and income tax.
Sole trader is a business structure that is registered with HMRC. In comparison, a freelancer is used to describe the type of work being carried out and isn’t associated to a legal business structure. A freelancer can either register as a sole trader, a limited company or a partnership
Flexibility – as a freelancer depending o the type of service you provide, you have more flexibility to choose the projects to work on, how long to work and what days to work
Be your own boss – you are the decision maker and have more control of the projects you work with alongside the business model you would like work at.
No commute – this depends on what service your provide but many freelancers have the luxury to work on projects from home rather than a traditional commuting job.
Irregular income – it’s very likely that a freelancer experiences a period where they do not as much as usual. This could be because they have completed projects and are awaiting to find more clients to work with.
Less benefits – if you want to go on holiday most of the times it means that as a freelancer you will not get paid. This also applies to when you want take time off if you’re feeling sick.