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Freelancers / Contractors
Freelancers and Contractors
Do you need an accountant for your freelancing business?
Contrary to popular belief, contractors, freelancers and self-employed professionals need – and can benefit from – accountants as much as the next business.
Accountants aren’t just limited to helping people in regular and traditional employment. Even if you work the most random of hours, you’re still entitled to help. No matter what your status or situation is, IR35 accountants can help you. It’s important.
Different types of accountants: what exactly are accountants for freelancers, accountants for contractors and IR35 accountants?
Accountants for freelancers, contractors or off-payroll workers are a specialist type of accountant that can not only help with the standard financial tasks needed to do throughout the financial year but any additional tasks or roles that are related to people who don’t work the traditional 9-5 employed hours.
Such accountants can help with a plethora of financial-related tasks such as managing your finances or completing tax returns. The correct accountants for freelancers or accountants for contractors from Go Impartial can help with:
- Business insurance
- Monthly account management
- VAT returns
- Company formations
- Registered offices
- Bookkeeping
- Self Assessment tax return
- Statutory year-end accounts
What freelancer or contractor has the time or expertise to deal with all the above themselves?
Why you should hire accountants for freelancers and contractors
Being self-employed is a lot different than working a traditional job. Although it brings along many benefits such as more freedom and the ability to be your own boss, it also brings along challenges.
It’s also worth noting that freelancers and side businesses have become more prominent in recent years with the rise of the internet, influencers and a whole different generation who thrive on changing business opportunities instead of staying in the same traditional role for all of their lives. These days, many people forgo full-time work altogether, with many young professionals choosing to work on the road with online freelance work to sustain their lifestyle.
Naturally, a lot has changed in terms of regulations for accountants for freelancers!
When it comes to being a freelancer or contractor, for example, hours vary and it also means you are self-employed – so different tax rules apply. Additionally, when you are an employee of a company, for the most part, anything related to accounting or tax is done for you. However, when you are self-employed, you often have to do all of these comprehensive things yourself, which is where things get overwhelming and mistakes are made.
Many people don’t have the expertise or experience to fill in self-assessment tax returns and in this case, a small mistake can lead to lots of money being lost. In some cases, many people trying to start up their own self employed business or do everything on their own can easily forget things like deadlines for year-end accounts or bookkeeping.
It pays to look for an accountant who can look after all the above – with your best interests at heart. Accountants for contractors, for example, can not only help you with tedious tasks like filling in tax forms or submitting VAT returns, but they can also advise you on financial matters to help you save money or run things more smoothly.
Why you should use Go Impartial to find invaluable IR35 accountants
We know that not every business is the same – and with the rise of freelancers and side hustles in recent years, it also means the rules and regulations have changed a little too.
For example, we now live in a world where freelancers can easy make a month’s worth of income for posting a pretty picture on Instagram, whereas elsewhere, an employee would need to work full-time hours in an office job to achieve the same income.
Regulations are changing often and our team of accountants for freelancers at Go Impartial stay consistently up to date with the changes, with a focus on keeping our clients best interests at heart.
Why not let our accountants deal with the boring financial side of your business whilst you focus on growing your side hustle instead?
