Tax Returns for Freelancers
As a freelancer, you’ve found something you love doing and are really good at, and are offering it as a service to businesses. What you’re probably not really good at is an accounting. Birchtree Sullivan offers a modern service for freelancers, so you can focus on the things you love doing.
The benefits of freelancing
People usually turn to freelance because of all the benefits self-employment has over full-time employment:
- You get to do something you love doing, and something which you are really good at.
- You get the freedom that comes with being your own boss.
- You get to work with the businesses and individuals you want to work with, and when you want to work.
- You get more take-home pay.
Freelancing comes at a cost – accounting
There are a few downsides to self-employment. The biggest one is an accounting. When you work full-time for an employer, you don’t have to worry about paying tax, because it is automatically sorted out for you in the form of PAYE.
Accounting – doing it yourself
As a freelancer, you have to keep extensive financial records, which then form the basis of your Self-Assessment Tax Return, which you have to send after the end of each tax year (5th April). Accountancy for freelancers can all be very confusing and time-consuming, distracting you from the work you love doing.
Let Birchtree Sullivan accountants for freelancers do the hard work for you, That’s why we work with freelancers. With our many years of experience, we’ve worked with individuals and businesses in all kinds of industries.
We’re experts in taking the hard work of accountancy out of freelancers’ hands so they can spend more time doing what they love doing.
Getting tax and accountancy advice
Many accountants will forget about you for most of the year, only getting in touch again when it’s time for you to pay them to do your tax returns. But for your business to be run smoothly and successfully, you’ll need advice on tax and accountancy throughout the year, especially in the early days.
Birchtree Sullivan Accountants is different
Birchtree Sullivan Accountants provides an affordable and specialist accountancy service designed just for freelancers. Throughout the year we’ll be on hand to give you any tax and accountancy advice you might need, including things like:
- Take-home pay
- Which VAT scheme to register for
- Tax allowances
- Choosing between sole trader and limited company
- Running your business in a tax-efficient way