Accountants for Self-employed.
How do I know if I am self-employed?
You are self-employed if you run your own business that charges for services or the sale of goods. A sole-trader or self-employed person is not a limited company.
Each tax year you must submit a self-assessment tax return to HMRC showing all income and expenditure for your business for that year.
You are probably self-employed if you;
- Run your business for yourself and take responsibility for its success or failure
- Have multiple customers
- Can decide how, where and when you do your work
- Are able to hire other people at your own expense to help you
- Provide the equipment required to do your work
- Are responsible for rectifying any unsatisfactory work in your own time
- Charge an agreed fixed price for your work
- Sell goods or services to make a profit
What is required if I am self-employed?
- Register as a sole trader
- Maintain and keep records of your business income and expenses for your tax return
- Complete an annual self-assessment tax return by the 31 January following the end of the tax year
- Pay your tax and national insurance bill in line with HMRC payment terms
Why use The Orenda Collective to complete your self-assessment tax return?
- Knowing that your return will be completed correctly
- Guidance on tax deductible expenses to optimise your tax position
- Clear timelines for submission and payment deadlines
- Support all year round for business and tax queries
- Self employed help sheet to summarise the key things you need to know
Everything we do is for the benefit of our amazing clients…
Abbie and her team are extremely knowledgeable, efficient and helpful. No question is stupid and they always take the time to answer and explain things in a way that suits their client. I’ve learned so much from them and would highly recommend if considering a new accountant.
Aoife Hastings
We are a tech-orientated accounting firm that operates virtually for your convenience and efficiency.
We utilise Zoom for our meetings to provide convenience, flexibility, and efficiency to our clients. By leveraging Zoom, we offer the convenience of joining meetings from anywhere with an internet connection. This flexibility saves time and eliminates the need for travel, allowing for more frequent and productive discussions.
Xero is a leading cloud accounting software and excellent financial management tool; you will have access to real time financial data and performance insights right from your pocket. As Xero partners and certified advisors, we are able to offer expert software training, troubleshooting and advice on software’s that integrate with Xero to make your processes automated and efficient.
Dext is the modern, AI focused and simple way to bring all your paperwork together in a standardised, digital format. Whether it’s a receipt, invoice, or a bank statement, upload it conveniently to Dext and avoid manual data entry, piles of paperwork and the dread of locating information for HMRC. Dext also integrates seamlessly with Xero for an integrated cohesive financial process.
We recognise that its often difficult to remember everything, especially in complex areas, and that scrolling through endless emails to find an explanation can be frustrating. That’s why we utilise loom to record on screen videos to talk you through questions, provide guidance and create a library of videos to support you as your business grows.
Our client portal offers secure access to all your financial data, including accounts and tax returns, from anywhere. It’s a convenient hub for sharing information, ensuring transparency and accessibility. With real-time updates and robust security measures, you can collaborate seamlessly with our team, knowing your data is protected.
Self-employed people we work with
Personal Trainers & Fitness Instructors.
Are you a personal trainer? Do you find that you are always running around between clients and studios resulting in you having no time to keep on top of your finances? We can take this out of your hands and make sure your tax is right!
Yoga & Pilates Instructors.
Do you spend a lot of time learning how to get stronger in your inversions? Are you finding it hard to balance your finances on top of teaching? Let us do the hard work for you, so you can keep helping the world find their zen.
Coaches.
As a coach, do you find yourself giving a lot of your energy to your clients, leaving you feeling unenthusiastic about your finances? We can give you some of that energy back by supporting you to understand your finances and stay on top of your responsibilities.
Hairdressers & Beauticians.
Do you love making people feel and look great? But find yourself worrying about your tax and accounting when you should be focusing on your clients. We can take that worry away by providing expert advice, ongoing support and guidance.
Photographers.
Do you capture beautiful images of your clients but struggle to capture your business income and expenditure? We can explain your responsibilities and take the stress out of record keeping and streamline the process so you can focus on creativity and clients.
Designers & Creatives.
Did you become a designer because you are passionate about using your creativity to provide the world with new ideas and knowledge? Are numbers your worst enemy? As accountants we can take all things numbers and excel away from you so you can stick to being creative.
Marketing Professionals.
Do you help clients reach their financial goals through creative marketing strategies but struggle to reach your own financial goals due to lack of financial direction? We can make complex accounting simple so you can make informed financial business decisions.
Service Providers.
Are you running a service based business? Do you struggle to keep track of all of your jobs, invoices and material costs? Look no further, we can help make sure your record keeping is kept up to date and your tax is optimised so you can keep delivering a great service.
