There are many advantages to being a freelancer. You act as your own boss, you get to set your own hours, and, unlike with a traditional job, if you lose one client you’ve not lost your entire source of income.
On the other hand, being a freelancer also comes with one major drawback and that’s the simple fact that it can be hard to make a living. You need to build up a number of clients, you need to have a quality portfolio, and you need to be good at managing your own finances. That last one is where it gets really tricky because even if you are making good money, the inconsistency and relative instability of the freelance model can make your earnings a lot harder to track.
And this is where accountants for freelancers come into the picture.
Should You Have An Accountant?
If you’re making enough money that you can afford an accountant, then the answer to that question is almost certainly yes. Good accountants almost always save you more than they cost, at very least in terms of time if not in terms of managing your accounts and working out what is and isn’t tax deductible.
But of course, the real value in accountants for freelancers is just that. Working out your taxes, in particular, how much income tax you should pay, can be a serious hassle for freelancers, especially if they also work traditional jobs at the same time. In fact, having more than one type of income source, in general, can make reviewing your earnings so much more complicated.
Accountants for freelancers are experts at navigating the world of legalisation and giving you advice that will help you run your freelance business in a way that is above board, whilst also taking the best advantage of the opportunities afforded to you by the law.
Accountants for freelancers can also take care of things like healthcare and hiring requirements. Should you decide to expand your business from a one-person operation to a team, they can advise you on how best to set up your new business structure.
How To Find Good Accountants For Freelancers
If you’re a freelancer and you’re looking for a great accountant then you’ve come to the right place. Here at first for freelancers, we’ve got lots of experience working with all kinds of freelancers across a variety of industries. Whether you’re an artist, an illustrator, a writer, or a voice actor, we can tailor our service to you.
To hire an accountant today and get to work simplifying your finances, contact us at 0204 519 1700 or fill out the form on our website.