Managing a freelance career can be hard, a veritable blitzkrieg of tax assessments, tenuous expense claims and the merry-go-round of invoice chasing from one client to the next. You know that you’re good at what you do – it’s the reason why you’ve made the jump to independence – but accounting and bookkeeping don’t come naturally to everyone.
Likewise, we know we can keep your business on a sound financial leash, but you might not be aware of how and why we do it. Join us, then, to learn how Bright Ideas Accountancy helps people just like you…
Made to fit the freelancer lifestyle
When we thought about how freelancers and contractors operate, one thing was crystal clear: anything can happen at any time. You can accept a glut of new assignments, and your organisational skills have to reflect the fluid form of your business model. That equates to being on-point with ingoing and outgoing cash wherever you are – travelling, hunkering down at home, or moving to and fro between meetings.
We, therefore, aim to get your finger on the pulse of your finances, no matter what. That’s why we use FreeAgent, our favourite accounts software, spreading the full image of your expenses, overdue payments and account balance in the simplest format imaginable. We can see the shape of your venture as it unfolds and mutates, so we’re as clued up as you are about the best course of action to take.
Upfront costs, with no catches
Being a flexible worker has its perks – we understand that better than most. One of them is surely the ability to apply your expertise when and where you see fit, and to take the services of fellow professionals on board if you require them.
Bright Ideas, therefore, refrains from tying you into long-term contracts. All of our packages are priced on a monthly basis, and what you see is what you get. They’ve been constructed to satisfy various accounting responsibilities, so you can upgrade whenever you feel the push for greater assistance.
Helping you limit yourself
Being a sole trader is all well and good, but we strongly advise that any freelancer worth their weight in clients sets themselves up as a limited company. It’ll unleash a host of special privileges, such as tax-deductible expenditure for anything that pumps your business’ lifeblood.
However, like any tax-related issues, there are fine details in your eligibility. You’ll also have to set everything in order with HMRC so the establishment process doesn’t encounter any hitches. We can do this for you in a couple of hours, and triple-check every expense claim you subsequently make.
Accounting is our passion, but we appreciate that it may not be yours. The entire scope of our efforts puts you in the crosshairs of a solid financial plan, leaving you free to roam around other areas of your business. If that sounds like a brilliant investment – one that you can change or expand to fit your progression as it comes – then get in touch, or have a glance at some FAQs for further titbits on how we operate.
