Why would anyone leave the relative security of PAYE employment to enter the uncertain world of freelancing?
Although there can certainly be financial advantages, in our experience most people go into freelancing for lifestyle reasons as it gives them the opportunity to run their own business without having to worry about office politics or being part of a large organisation.
But clearly there are also downsides including company administration, government paperwork and of course the uncertainty that comes when there are breaks between assignments or periods of sickness.
We make the whole process very simple and painless. We can advise you on whether it would be better to work via an umbrella company or to set up your own business and how you might be affected by the IR35 Rules.
We make it very easy for you to start up in business and the typical steps are:
- We will ideally arrange an initial informal meeting to run through your plans and prepare some first year profit and tax calculations.
- We can then form your company for you and get you fully registered for PAYE, VAT etc.
- We will give you a copy of our bookkeeping package or we can handle the bookkeeping and VAT work for you.
- We will handle all aspects of company accounting and tax work as well as dealing with your personal tax return.
Call now to speak to a business advisor on 020 8732 5577 or send us an email on email@example.com to arrange a free, no obligation consultation.