IN-Accountancy

Accountants For Freelancers

Freelancers and contractors are usually responsible for their own tax, national insurance payments and financial account management, which can make their position more complex than that of a worker “on the payroll”. As a result, professionals of this kind often benefit significantly from expert accountants for freelancers for assistance and support of financial advisers – such as the team at IN-Accountancy.

Being self-employed – particularly as a freelancer – comes with a range of perks, including flexibility and the freedom to set one’s own rates and working hours. However, it does require a greater level of financial planning and management – and, without significant knowledge of the Self-Assessment process, individuals who work in this way may find themselves missing key deadlines, overpaying or missing out on tax relief or benefits.

Careful financial management requires time and mental investment beyond the day-to-day activities of a freelancer, contractor or consultant. A good accountant can help to remove that pressure and help self-employed people to get the most out of their money. Book your free consultation call with IN Accountancy’s accountants for freelancers today to find out more.

Our accountants for freelancers

The financial specialists at IN-Accountancy are able to provide comprehensive support and advice to self-employed workers in any field. Our team members have significant experience working as accountants for coaches, contractors, freelancers, consultants and more besides.

Read on to learn a little more about the work we do and the difference it can make to your finances, time management and peace of mind.

How can an experienced accountant benefit a freelancer?

Because self-employed workers are required to manage their own tax and National Insurance responsibilities, they must regularly allocate time and attention to researching their tax obligations, maintaining accounts and records, calculating potential liabilities and filing returns.

This can be a challenge – particularly to professionals who must also perform regular outreach to attract new clients.

Saving you time, effort and money

For a freelancer or contractor, any time spent managing their accounts, keeping track of finances, researching deductible expenses and filling out tax returns is time that could have otherwise been used to seek out and undertake paid work.

A good freelancer accountant can take charge of these activities on your, ensuring that tax returns are filed accurately and on time while applying all available tax deductions and opportunities to reduce liability as far as possible.

What is included in IN-Accountancy accountants for freelancers/contractors service?

Our accountants for consultants, freelancers, coaches and contractors are able to manage and maintain accounts, balance sheets and records of profit and loss on behalf of our clients. We can also complete and file self-assessment tax returns punctually, carefully managing all deductibles and relevant reliefs.

Add in bookkeeping as a service, also we provide management information to enable freelancers etc to better understand their business’ performance / strengths / areas to be addressed and make better business decisions. We provide real-time practice guidance about what to put aside for business/personal/sales taxes as well as how to most tax effectively draw income from your business and invest in your future

What’s more, we’ll remind you of key financial deadlines and help you with any changes – such as incorporating your organisation or registering for VAT. All of this is available for a competitive fixed-fee – and our team will be available to provide you with support and advice at any time.

How can I arrange for assistance with my accounts and tax?

If you are a consultant, coach, freelancer or contractor who wishes to save time and money, you can arrange a free consultation with the financial specialists at IN-Accountancy today.

Simply get in touch with us to arrange a conversation via phone or video call, or face-to-face. We’ll listen to your requirements and further explain the support we are able to provide.

We've just moved to IN and have been seriously impressed with the payroll support - the support received in the transition has been first class

Robert Birley
5 June 2025

Sandra and the payroll team have been a pleasure to deal with - great quality work, very responsive, friendly and always timely with updates and the end product - all the qualities of a great agent. I'd be happy to use IN Accountancy's payroll services again and wouldn't hesitate to recommend them to friends and colleagues alike.

Paul Butterfield
4 June 2025

First time i have used In Accountancy to compile my self assessment return. Quite all went through without a hitch. Staff are very welcoming and explained evert step of the return

David Franks
2 June 2025
as accountancy firms go i dont think you could do better than andy and his team! always available at the end of a phone to give clear and concise advice... they can help with all aspects of accountancy and tax planning

John Dixon
8 May 2025

It’s been great working with In Accountancy this year. Thank you so much to Rourke and Sandra especially for all the help and advice throughout the year. Very professional and easy to work with, but also really friendly and always super quick to answer any concerns. Would highly recommend! Thanks 🙌🏻💫

Louise Kenworthy
7 May 2025

I’ve been using IN Accountancy for many years. They’ve been assisting me both on the business and personal aspects of accounting. I am very satisfied and happy to recommend the company.

Rodrigo Scaff
2 April 2025
Personally & business tied. I have been using Inaccountancy for the past 12 months and they have been nothing but fantastic. Massive shoutout to Rourke, who is there for me whenever I need him. He's kept the ship a float and is now a huge part of my team!

Stillryan
2 April 2025

We have used IN Accountancy for our business for around 6-9 months now and they are brilliant! Very knowledgeable and professional. We were in a bit of a mess with our previous accountant and IN Accountancy sorted everything for us. We are now up to date with everything. They are always very responsive with any queries we have. Definitely recommend!! Special mention to Sandra who does our payroll shes been an incredible help.

Holly Kelly
2 April 2025

Rourke has been great support for our business with a friendly and professional manner. Wouldn't hesitate to recommend him and In-Accountancy to any small business.

Lorna
9 March 2025

FAQs

What’s the difference between a contractor and a freelancer?

Contractors and freelancers may be registered as sole traders or limited companies. Both are responsible for their own tax and National Insurance contributions, while an employer usually deducts these payments directly from the salary of an employed worker who is “on the books”.

However, contractors usually work for one client at a time, while freelancers serve a number of different clients at once. As a result, freelancers tend to retain more control of their working hours and the prioritisation of projects, while contractors often work in response to the requirements of the organisation that has hired them.

What experience does In-Accountancy have in working with freelancers/contractors?

Following our launch way back in 2012, IN-Accountancy’s financial specialists have been providing proactive accountancy services to freelancers and contractors across industries.

We have a strong track record of support and advice based on a detailed and up-to-date understanding of the financial duties and requirements affecting self-employed individuals.

What industries do IN-Accountancy specialise in for freelancers/contractors?

Our freelance, contracter and consultancy clients span a range of sectors, including software development and IT, digital marketing, design, creative, medical and healthcare, construction, manufacturing, professional services, retail and eCommerce. All of our clients fall outside IR35 – which means they are off-payroll workers who work independently and manage their own time and workload.

How does PAYE work as a freelancer/contractor?

PAYE as a freelancer (Pay As You Earn) might not always be directly relevant to you, but there are certain situations where it can come into play. If you’re self-employed and operating as a sole trader, you don’t need to worry about PAYE; instead, you handle your taxes through the Self Assessment system.

However, if you freelance through a limited company and pay yourself a salary, you’ll need to operate PAYE, just like any other employer, deducting Income Tax and National Insurance from your salary. Additionally, PAYE applies if you have a side job as an employee or work through an umbrella company. Understanding when PAYE is relevant helps ensure you meet your tax obligations correctly.

Is it better to be a freelancer or a limited company?

Understanding the complexities of business structure can be challenging, and the best choice often depends on your current situation and future goals. Don’t hesitate to reach out to the IN-Accountancy Team—we’re here to help you navigate this process and find the right solution for you!

How can I plan for retirement as a freelancer?

Planning for retirement as a freelancer is essential for securing your financial future. Unlike traditional employees, freelancers don’t have employer-sponsored retirement plans, but there are several options available.

It’s important to assess your retirement goals and create a tailored plan that fits your lifestyle and financial situation. If you’re unsure where to start or need guidance on the best options for your unique circumstances, get in touch with us.

What are my tax obligations as a freelancer?

you’ll need to register as self-employed with HM Revenue and Customs (HMRC) and file a Self Assessment tax return each year. This will include reporting your income, expenses, and any deductions. For more detailed support, get in touch with the team at IN Accountancy.

Can an accountant help with my take home pay as a freelancer?

Accountants help freelancers maximise their take-home pay in several key ways. They optimise taxes by ensuring you claim all eligible deductions, we also advise on the most tax efficient ways of paying yourself and support with paying the correct NIC.