More and more people are trying their hand at becoming a freelancer or contractor these days because of their employment situation, but there are quite a few issues that need to be addressed by all freelancers and contractors especially when it comes to the financial side of their business.
Freelancers and contractors are notoriously busy people, and therefore don’t always have the time for the mundane things in life like their accounts and other important paperwork for example. It doesn’t matter if you have been in business for a number of years and are very experienced, or you are just starting out there are specialist contractor accountancy companies who can help you.
You may be a sole trader and dread completing your annual tax return. Recent figures released show that over 1 million people are fined each and every year for filing their tax return after the required date. Freelancers and contractors are turning to specialist companies to complete tax returns on their behalf knowing they will be filed and completed on time no matter how complicated your accounts may be. Many companies now charge a minimal yearly fee for this type of work so it would be advisable to check them out.
You may be a new freelancer or contractors and want someone to take complete control of all your financial affairs, including receiving and payments of monies owed. An umbrella company could be your preferred choice of accountancy. There is no need to form a limited company to be formed as an umbrella company is an already established management company that allows you to work under its name. Basically all of your administration needs are taken care of which allows you to concentrate on your work.
If you already have a limited company and are finding the paperwork, wage demands and things like the quarterly tax returns are keeping you away from your work then an independent financial advisor will help you get back on track and advise you what the best course of action to take is.
So all you new and old freelancers and contractors out there who are struggling with their business accounts needn’t worry any more as there are people who can help you get your company back on track, and help you save money at the same time.
If you are looking for freelancers and contractors online get in touch with The Freelancers And Contractors website today