Setting up a freelancer business

One of the most common reasons people start freelancing is for the flexibility which comes with being their own boss. You can choose what jobs to take on, and have the freedom to decide if you want to freelance as a side-hustle, or make it the main event. It's not without it's challenges though. One of the first decisions is whether to set up your freelance business as a sole trader or through a limited company.

Choosing which legal structure to use when you register has a big impact on the way you report income, pay tax, and even has consequences for any assets you own! We'll explain the ins and outs of each option so you can make the best decision for your own unique circumstances. Once you're ready, we'll set everything up for you - included as part of our service.

What accounting services do freelancers need?

Every freelancer does things differently, so the type of support you want from an accountant might not be the same for everyone. That said, if you're earning an income from freelancing then you'll need to report this to HMRC and pay tax on it.

The way you do this depends on whether you run your business as a sole trader, a limited company, or something else. It's why every accounting package we provide includes the relevant tax return for your business type as standard!