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Why is FinBridge Advisors a perfect tax ally for freelancers?
A combination of in-depth tax expertise and cutting-edge technology tailored for you
Personalised tax support
Manage the complexities of self-employment with tailored strategies and proactive advice from experienced accountants for freelancers. Benefit from a team of dedicated tax advisors.
Streamlined bookkeeping
We’ll automate expense tracking, invoicing, and bank reconciliation, freeing up your time to grow your business. As a freelance accountant, our focus is on making these tasks easier for you.
Comprehensive tax filing
Accurate, on-time tax returns. We handle Income Tax, NICs, and VAT (if applicable), ensuring HMRC compliance and maximising your refund.
Year-round planning and optimisation
Benefit from a data-driven approach to tax planning. We continuously analyse your income, expenses, and tax history to identify opportunities to reduce your tax liability.
Timely tax reminders
Stay on top of tax deadlines with our automated reminders. Avoid late payment penalties and potential HMRC compliance issues through proactive notifications.
Regular reviews
Benefit from our regular financial health checks. Achieve maximum tax efficiency. Identify opportunities and potential issues early on.
Building a Solid Financial Foundation for Freelancers
At FinBridge, our accountants for freelancers specialise in helping freelancers like you navigate the complexities of managing finances and building a secure financial future. Follow these steps to stay on top of your financial game:
Open a Business Bank Account
Separating your business and personal finances is crucial for better organisation and tax compliance:
- Simplify Tracking: Maintain clear records of business income and expenses.
- Be Tax Ready: Accurately calculate profits and identify deductible expenses.
- Enhance Professionalism: Impress clients by using a dedicated business account.
Keep Accurate Records with Ease
With FinBridge’s support, detailed record-keeping becomes effortless:
- Track Everything: Record all income and expenses for a comprehensive view of your finances.
- Store Receipts and Invoices: We’ll guide you in keeping records compliant with HMRC’s six-year rule.
- Use Smart Software: Leverage advanced tools like Xero or QuickBooks for seamless bookkeeping.
Understand and Manage Your Tax Obligations
FinBridge ensures that freelancers stay compliant with UK tax laws:
- Self-Assessment Made Simple: If you earn over £1,000 annually, we’ll help you register with HMRC.
- Tax Savings: Our experts advise reserving 20–30% of your income for taxes, including NICs.
- VAT Registration: Whether mandatory or voluntary, we’ll guide you through VAT registration to ensure compliance and maximise benefits.
Build a Financial Safety Net
Fluctuating income can be challenging, but our accountants for freelancers help you create a financial buffer:
- Emergency Fund: Save 3–6 months of living expenses to cover lean periods.
- Tax Reserve: Set up a dedicated account for tax payments to avoid last-minute stress.
Regularly Review Your Financial Goals
Your freelancing journey evolves, and so should your financial strategy:
- Quarterly Reviews with FinBridge: We help you assess your income, expenses, and savings regularly.
- Set Achievable Goals: Plan for milestones like purchasing new equipment or increasing your annual income.
- Stay Informed: Our team keeps you updated on changes to tax laws and regulations affecting freelancers.
Partner with FinBridge for Expert Support
With FinBridge’s freelance accountant, managing your finances becomes stress-free:
- Maximise Deductions: Identify eligible expenses, from home office costs to travel and software.
- Manage Cash Flow: Plan for irregular income and recurring expenses with expert guidance.
- Stay HMRC-Compliant: Trust our team to handle your filings accurately and on time, reducing the risk of penalties.
By following these actionable steps and leveraging FinBridge’s tailored solutions, you can confidently build a stable financial foundation and focus on growing your freelance career.
Discover how easy tax compliance can be. Try us today
Here’s what our clients love about us / Here’s the difference FinBridge has made / Hear from our clients
Highly recommend Finbrige Advisors for Self Assessment Help in the UK!
As someone new to filing a Self Assessment tax return in the UK, I was feeling overwhelmed and unsure of the process. Thankfully, I found Finbrige Advisors Limited. Their team was incredibly... read more
Deepak
My circumstances were time-constrained so they endeavoured to push through the work very quickly, working weekends to get this done. I was a little concerned about how all the reviews seemed too overly positive given the lower price point, but honestly, they nailed it. I'll 100% be using them again in the near future. Outstanding work gentlemen.
William Neep
I needed an accountant for my limited liability company for the first time. Finbridge Advisors Limited and its team have done a really great job filling for the business, corporation tax and tax returns (business and personal). The team are always available to help. Thank you Frinbridge for your services.
Melzah Company Limited
I found the best accountants at Finbridge Advisors. We collaborated very easily, they took care of all my documentation very quickly and the result was brilliant.
They also submitted all the documentation with HMRC and sent me an email with all the confirmations received... read more
Mariana
Finbridge advisors have been extremely helpful to me for providing guidance, advisory and support to interpret and understand the UK taxation and best options to do tax planning.
The best part of their consulting was that the time was available... read more
Priya Sarda
Outstanding throughout with communication while navigating my financial affairs and tax return for my business. I’d highly recommend FINBRIDGE Advisors Limited when handling finances.
Alicia Calascione
A friendly group of professionals. Especially communication and response time is excellent.
Thomas
Finbridge went above and beyond for my business. After 3 years of a bad accountant and running up debts of thousands through no fault of my own.
Finbridge calmly helped me back on track, and clear the debt with HMRC The biggest compliment I can give... read more
Robert Thomas
I connected with Finbridge through my Friend for my Tax returns and right from the first meet till the Tax refund to my account their services were excellent. Infact i could say that they made things possible which i thought not possible at all. So professional in their work and ready to answer any queries we have... read more
Amarnath
I know nothing about tax, apart from if I don't pay it, I get in trouble! I know even less about CGT, especially as mine had some complexities to it.
FinBridge Advisors were recommended to be by a colleague who was also in the same situation, knowing little... read more
Luke M
FinBridge supported on my EIS tax claim. For a reasonable fee they sorted my tax return for two financial years, answered a fair number if my questions and we're patient as I went through the process if collating and sharing the various documents required to put my tax return together accurately... read more
Ben Williamson
Join us now. It’s easy!
Three simple steps to end tax-related stress / We’ll have you onboard in three little steps
1
Get a quote/ Discover your price/See how much you’ll save
Fill out a few details and we’ll tell you what you will be paying
2
Register yourself
It doesn’t take long but helps us serve you better
Meet your accountant
We’ll set everything up and assign you an accountant
Switching Accountants? No Problem.
Transitioning accountants doesn’t have to be disruptive.
Our team ensures the seamless transfer of your financial records. From data migration to HMRC liaison, we streamline the entire process so that you can focus on growing your freelancing business.
Customise services to your needs
Pay for what you need.
Our core packages cover essential accounting services with the option to add on. You can add services like bookkeeping, VAT, and payroll, only if you need them.
Set up your sole trade with confidence
If you’ve questions about setting up your freelance business, we can assign an expert to guide you through the process ensuring all best practices are observed.
FAQ
Why do freelancers need an accountant?
Freelancers often face unique financial challenges, from managing fluctuating income to tracking business expenses accurately. Accountants for freelancers can help ensure compliance with tax regulations, optimise deductions, and offer strategic financial advice tailored to freelance work. This support allows freelancers to focus on growing their business without worrying about accounting complexities.
How can FinBridge Advisors assist freelancers with tax filings?
At FinBridge Advisors, we specialise in helping freelancers navigate tax season stress-free. Whether you're a freelance accountant managing your own books or a freelancer in need of guidance, our team helps organise and categorise your income and expenses, ensures all allowable deductions are claimed, and submits accurate, timely tax filings. This approach minimises the risk of penalties and maximises potential tax savings.
What types of expenses can freelancers deduct from their taxes?
Freelancers can typically deduct a wide range of business expenses, including office supplies, equipment, travel expenses, and a portion of home office costs if they work from home. An accountant for self-employed professionals can provide personalised guidance to help identify and maximise eligible deductions, ensuring compliance with HMRC regulations.
How do FinBridge Advisors help freelancers manage their cash flow?
Cash flow management is essential for freelancers dealing with irregular income. FinBridge Advisors offers tools and strategies to monitor income and expenses, set aside tax payments, and manage cash flow effectively. Our guidance can help freelancers avoid financial shortfalls and build stability.
Do I need to register for VAT as a freelancer?
VAT registration depends on your annual turnover and the nature of your freelance services. If your turnover exceeds the UK’s VAT threshold (£90,000), you’re required to register. However, some freelancers benefit from voluntary VAT registration to reclaim VAT on business expenses. FinBridge Advisors can assess your situation, explain VAT requirements, and guide you through the registration process if necessary.
We Love To Hear From You
Please call or email us with your queries and we would be happy to assist you.
