Accountants for Freelancers
For most freelancers and contractors the main priority is to maintain a steady flow of profitable business.
Nevertheless, you still need to submit a self-assessment tax return and pay tax by the legal deadline. If you operate as a limited company, you’ll also have to consider annual accounts, corporation tax and the confirmation statement. This is why it’s important to hire specialist accountants for freelancers as it can save you a lot of time and money.
If your turnover exceeds £85,000 (up to April 2022) you’ll also have to register for VAT. If your turnover is below that figure, registration is optional.
Then there’s IR35. This legislation prevents self-employed people gaining tax advantages if the terms of their contract suggest they could be payrolled staff. From April 2020 it’s down to the hiring company – not the freelancer or contractor – to assess whether a contract falls within IR35.
Specialist accountants for freelancers
As authoritative accountants for freelancers, Braant are well placed to guide you through the accounting complexities of freelancing and contracting. We’ll make sure you pay the right amount of tax at the right time and claim the tax reliefs you’re entitled to. If you need to register for VAT, we’ll keep you fully compliant. Where VAT registration is optional, we’ll let you know if it’s a good idea for your business or not. And whatever your IR35 status, we’ll help you maximise your take-home pay.
Finally, we understand the importance of cash flow for freelancers, so we will help you optimise the effectiveness of your invoicing and, where necessary, payment chasing. Working as a freelancer differs from any other job, including your accountancy needs. Our experts are on hand to provide you with all the advice and services you need to succeed.
We’ve worked with freelancers for years and gained a wide range of knowledge on the best way to handle your processes when it comes to finances. Braant knows that you have unique needs in handling the way you collect and process payments from multiple clients, and we help you do it in a seamless way.
Freelancers deal with a vast workload, and they don’t need to deal with sorting out their taxes, payments, and cash flow on top of that. We are here to save you time so you can focus on producing quality work and expanding your client base. Our experts will get to know everything you need from us and provide you with a personalised approach to your accounting.
Providing our clients with extra time to focus on the things they do best is at the centre of everything we do. That’s why we ensure our processes are up to scratch and meet the high standards you are looking for. At Braant, we guarantee satisfaction for the entire time you are with us.
Contact us today – to see how we can help you as a freelancer.
We have the resources, the experts, the knowledge and experience to help your business grow. And with over 1,000 accountancy clients in the UK and London, the volume of our work allows us to share economies of scale with you.