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Personal and business accounting may seem like something you can manage on your own, but often, utilizing the experience of an accounting professional can be helpful in avoiding costly mistakes. Read More »
Home  >  Articles  >  Accounting for Freelancers and the Self-Employed

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.

Contact Us

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.