![]() Bookkeepers: Literally keep the books! It’s their job to record transactions correctly, create reports on your data, and generally keep your freelance finances up-to-date.To answer this properly, it’s useful to understand what the difference is between accountants and bookkeepers. A Freelancer based in Central London could use an online accountant in Manchester, avoiding the eye-watering London rates. Using an online accountant means you’re not restricted to the local area, giving you more choice, and at a more competitive price. Neither are particularly straightforward, so it’s well worth looking for an accountant who has experience in your area. Not only are contractors subject to the confusing world of IR35, there are also tax considerations involving the Construction Industry Scheme. Contractors who work in the construction industry are an excellent example of this. It’s also worth considering whether you need an accountant who specialises in your particular industry. These differences tend to be reflected in the accounts. Whether you’re a sole trader or registered as a limited company, working as a freelancer is very different to working as a larger business, especially one with lots of employees. What should a freelancer look for in an accountant?Īny good accountant will be able to offer you some level of support, but finding one who has experience working with freelancers will be useful. ![]() ![]() ![]() Managing your own accounts can be time-consuming – and honestly, really stressful if you’re not sure what you’re doing! Using the services of a reliable accountant or bookkeeper can be a good way to take the pressure off. Up-to-date bookkeeping is essential to help your business run smoothly and it makes tax returns much easier too. Sadly, there’s no way around how important it is to have good bookkeeping records. Keeping up with client deadlines and winning new freelance projects is demanding work, so it’s not surprising that the admin can feel overwhelming. ![]()
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