Freelancers

Although freelance work gives more freedom, however, it may not be the most lucrative way of earning money. 

If you are a freelancer, you are classed as self-employed and you have to register yourself with HMRC and get UTR issued. There are many online platforms where you can register and provide freelancing services. These platforms give you a financial summary that breakdown income over a certain period of time. 

What Numerate Accountants offer:

As your accountant, we would require freelancing platforms' financial summaries over the span of a year. If you don't know how to acquire those reports, we will help you to get them. In addition, we would ask you to provide the list of expenses you or your business bore during the tax year. After getting this information, your job would be pretty much done as we will finalise the rest of the process for you. 

Because you are paid gross as a freelancer, therefore you would require our services to computate the right amount of self-assessment tax for you. 

We will also suggest tax-deductible expenses which you can claim in your business such as web domain cost or advertisement. This will help you to minimise your tax bill in a legitimate way. 

If you want to discuss this topic further, please contact NUMERATE ACCOUNTANTS at 07765838151.