Accounting for Freelancers and the Self-Employed
Many people have found freelance work and self-employment as a great way to enjoy flexibility while doing what they enjoy professionally. However, a major downside to freelance work is the trouble of keeping detailed personal and business accounts all while paying estimated taxes. Additionally, the added stress and strain of running a freelancing enterprise can often make managing and keeping up with a person’s accounts even more frustrating. However, a qualified professional can help in this situation, dramatically easing the process and allowing a person to focus their time and efforts on their work.
Accounting Assistance for Freelancers
A qualified accountant can help a freelancer or self-employed individual no matter how they classify their business. From sole proprietorships to LLCs, an accountant can provide some of the following crucial accounting services for a self-employed freelancer:
- Managing of estimated taxes and all associated forms
- Finding applicable tax deductions for home businesses
- Providing comprehensive personal bookkeeping services
- Establishing a solid retirement plan
Without some clear guidance and strategy, it can be difficult for the self-employed to fully and effectively manage their finances, which can eventually be a major problem, especially when you bring in significant sums of money as a self-employed worker.
If you’re a freelancer or self-employed and are looking for some assistance with your finances, you may want to discuss your needs at length with a qualified consultant. To learn more about how a professional accountant may be able to help you get your finances organized and set on the right track to a healthy long-term goal, fill out the contact form at the top of this page.