Are you a freelancer or thinking about turning into one? Though being a freelancer gives the opportunity to work with many clients and a lot of projects when it comes to managing the finances, you definitely need a specialist accountants for freelance business to manage the finance and bookkeeping. Top accountants for freelancers in the UK offer freelance accounting services, together with our award-winning cloud-based technology, to help freelancers manage many elements related to project management including employer tax and the employee’s personal tax filing obligations. Our online accounting software highlights profit, deadlines and tax forecasts. Our accountants ensure that the tax obligation is minimized and the freelancers pay tax correctly and on time, as well as offer practical guidance customized to individual circumstances.
Speak with one of our friendly experts and find out how we can help you save tax, reduce admin and file with HMRC.
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Our accountants and tax specialists’ help freelancers with their accounts and bookkeeping, and know precisely what it takes to stay on top of the financial matters. Our specialist accountants bring a fresh viewpoint to complex tax obligation issues and help create a clear, transparent approach and make sure the freelancers understand the tax implications. Our monthly freelancer accounting package is comprehensive and we don’t charge extra for personal tax return, payroll, IR35 review, company closure or any registered office service.
dns, an expert accountant for freelancer has come with a special package for freelancer whereby they would never miss any expenses claim or allowances and will be fully informed of how to maximize claims and reduce taxes.
There is a lot of difference in working with specialist accountants for a freelancer as compared to a conventional accountancy firm. Usually, there are many doubts in the mind of an individual who is turning into a Freelancer and our qualified team of freelancers accountant and taxation experts can provide answers to the following questions:
The modern workforce is far more fragmented. While most people are still engaged in some form of traditional employment, other work arrangements are swiftly gaining in awareness. One of the key challenges for a Freelancer is to opt for the most helpful business model.
According to the UK Government, starting business as a sole trader is the easiest way to start a business in the United Kingdom. For a freelancer, to start working as a sole trader, the requirements are:
Unless there is any industry-specific license needed, a freelancer is free to start working. There is no need to register with Companies House because although it is a legitimate business, it isn’t a company.
It is very simple and straightforward to run a Limited Company.
There is more opportunity for tax planning through a limited company but only experienced specialist freelancer accountants can guide the business about this. The most important savings working through a limited company over an umbrella are National Insurance and the Flat Rate Value Added Tax (VAT) Scheme. All Umbrella Companies in the United Kingdom operate as PAYE. This means that tax is paid in the same way as a permanent employee.
The flat rate scheme is an incentive provided by the government to help simplify taxes. The amount of Value Added Tax (VAT) a business pays or claims back from HM Revenue and Customs (HMRC) is usually the difference between the VAT charged by the business to the clients and the VAT the business pays.
Example:
A freelancer bills a client for £1,000, adding 20% VAT to make the total bill amount: £1,200. As a photographer, the VAT flat rate charged for the business is 11%. Hence, the flat rate payment will be 11% of £1,200, or £132.
Few of our valuable freelance clients
For a free consultation, you can book a call with dns accountants and connect with us.
Get the best advice on tax savings, accounting services, payroll, self assessment, VAT and more, whether you want to call us directly, request a call back or chat online with our experts, rest assured that we will always give you the best advice.If you have any questions, or would like to speak to us in person, please do get in touch. We're here to help.
dns accountants DNS House, 382 Kenton Road, Harrow, Middlesex, HA3 8DP
0333 060 2437
info@dnsaccountants.co.uk
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“I recently started my own company and in need of a good accountant. With my friends reference, I started dns accountancy services and I am a quite satisfied with their service. My account manager Sneha Gurudutta was always responsive and guided me a lot especially during my company early days. Keep u the good work.”
“I have been dns for the last 3 months and I am very happy with the service. My account manager Sneha Gurudutta guided me and helped me with all the major/minor steps with the account setup. The weekend support they provide is really helpful. I would definitely recommend dns to all my friends.”
“Unfortunately my son passed away without leaving any contact name of his accountant. I was able to make contact with the firm through HMRC. The staff were very prompt, caring and supportive in settling his income tax account. I was extremely impressed with the efficient caring and supportive service received from all of dns staff.”
“Been with dns Accountants for more than a year I would highly recommened their services. My account manager Sneha has been very helpful and helped with accounts and queries swiftly always! Having a good accountant means you can fully focus on your business, not worry about accounts and tax matters. Thank you dns :-)”
“I have been extremely satisfied with the service I have been receiving close to past 1 year. Very professional, transparent and helpful. Special mention of my Account Manager Minakshi Arora who made my transition very smooth and always ready to go that extra mile to support and make customer happy. Definitely recommended.”
“I've recently set up a Ltd. Company and signed up with dns for my accounting services. I've found it very good value for money and hugely helpful in terms of advice and guidance. I have a named Account Manager, Sneha Gurudutta, who keeps in contact with me and offers advice on line and on the phone... I'm really pleased with the service.”
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