Freelancers - Lansdowne Francs

Accountants for Freelancers

For most freelancers and contractors the main priority is to maintain a steady flow of profitable business.

Nevertheless, you still need to submit a self-assessment tax return and pay tax by the legal deadline. If you operate as a limited company, you’ll also have to consider annual accounts, corporation tax and the confirmation statement.

If your turnover exceeds a certain level you’ll also have to register for VAT. If your turnover is below that figure, registration is optional.

Then there’s IR35. This legislation prevents self-employed people gaining tax advantages if the terms of their contract suggest they could be payrolled staff. From April 2020 it’s down to the hiring company – not the freelancer or contractor – to assess whether a contract falls within IR35.

Specialist accountants for freelancers

As authoritative accountants for freelancers, Lansdowne Francs are well placed to guide you through the accounting complexities of freelancing and contracting. We’ll make sure you pay the right amount of tax at the right time and claim the tax reliefs you’re entitled to. If you need to register for VAT, we’ll keep you fully compliant. Where VAT registration is optional, we’ll let you know if it’s a good idea for your business or not. And whatever your IR35 status, we’ll help you maximise your take-home pay.

Finally, we understand the importance of cash flow for freelancers, so will help you optimise the effectiveness of your invoicing and, where necessary, payment chasing.