Sectors

Accountancy for Freelancers

Backing for the self-employed

Fine-tuning freelancer finances

As a freelancer or contractor, you’re right to be proud of your ‘solo artist’ status – but even a one-man-band needs a support act.

After all, the time you spend fulfilling your tax and financial obligations is time you could otherwise spend fee earning.

Freelancers and individuals often trade as limited companies, but while incorporation as a limited company offers many benefits, it brings more responsibilities too. Rather than just completing a self-assessment at the end of the year, you’ll need to produce full accounts for HMRC, plus annual returns and possibly VAT returns.

Except you won’t. Because with years of experience in freelancer finances, we’re ready and able to take care of it all for you.

How we help

Through our contractor accountancy packages, we take care of all your accounting obligations, including submission of all your end of year returns. For you, that means a weight off your mind, more time to focus on fee earning, and best of all, a lower tax bill at the end of the year.

And because of our fixed fee package, you’ll know your annual accountancy expenditure right from the off. What's more, with our expertise in contractor tax planning, we will help you minimise your tax liabilities, while keeping you compliant with HMRC.
INFORMED ACCOUNTING SERVICES
A QUICK SUMMARY
  • Core accounting: Statutory accounts preparation, corporation and self-assessment tax returns, quarterly VAT returns, payroll & auto-enrolment and bookkeeping services.
  • Management accounts: Regular reporting and reviews on your businesses key performance indicators (KPIs).
  • Business growth advice: As your virtual CFO, we'll help you develop your business plan and review progress regularly, offering expert financial advice.
  • Xero: We’ll supply Xero’s online accounting package, plus help you get set-up properly and provide year-round support with add-ons when required.
CONTRACTOR & FREELANCERS
WHAT YOU NEED TO KNOW
  • IR35 advice: IR35 is legislation brought in by the Government in April 2000, to counter what HMRC class as a disguised employment. We can help ensure you know the rules surrounding this legislation.
  • Contractor earnings: Contractors typically take home somewhere between 75% to 80% of contract value and the best way to keep more of your hard earned money is to set-up a limited company.
  • VAT: Being VAT registered means you can reclaim VAT on purchases that you have been charged VAT on. The flat rate scheme was recently increased to 16.5%, which means you will now pay more to HMRC.

All done? Great – then give us a call and we’ll go through all the services you need in more detail. And of course if you can’t decide, or you’re not sure exactly what you need, we’re happy to help.
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KPIs for Trade and Construction

Need help setting and achieving your goals? The KPIs listed in this guide will help provide the insight you need to keep your business growing. We can help you set your targets, track your data and report back through the provision of management accounts - a monthly or quarterly set of statements that put you firmly in control of your finances.

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Download Inform's expense guide to saving tax

There are lots of ways to reduce your tax bill legally.

When you've paid out for expenses related to your job - be it to travel or buying a uniform,
you may be able to claim tax relief on the costs you've incurred.

The technical term for this is a 'tax-deductible expense'
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It’s a great place to work

At Inform Accounting, what we do is about so much more than making money and helping our clients manage theirs.

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St James House

65 Mere Green Road

Sutton Coldfield

West Midlands

B75 5BY

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