Would You Recommend An Accountant To A Part Time Freelancer?

[St Rhenium]

I probably make around £200 per week from writing on a freelance basis, but it isn't a full time job. I don't really have any expenses, but accounting on the whole confuses me a bit. Would it be worth me going with an accountant for security, or should I try and get it all figured out myself and save the money?

 

[LucidCaledonia]

I probably make around £200 per week from writing on a freelance basis, but it isn't a full time job. I don't really have any expenses, but accounting on the whole confuses me a bit. Would it be worth me going with an accountant for security, or should I try and get it all figured out myself and save the money?

A book is only going to cost you £10 or so, and if you invest a few hours into reading it you should be fine. However at £10,000/year, hiring an account for 1/2 hours just to smooth out the edges once you're done can't hurt.

 

[St Rhenium]

By book here do you mean an actual, physical book or is that some accounting term? (This is how far my accounting knowledge goes )

 

[LucidCaledonia]

By book here do you mean an actual, physical book or is that some accounting term? (This is how far my accounting knowledge goes )

No, I meant a physical book, but given use of the term 'book' in accountancy I can forgive you for being confused. I simply meant read through a guide aimed at people starting their own business.

 

[Sigmaten]

It really depends on how much time you have and if you prefer spending it to get more revenue. You business seems quite straight forward.

Below article summarizes some of the requirements.hope it helps.

http://thinkcreativecollective.com/...usiness-101-accounting-for-the-non-accountant

 

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[Jaycee]

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[Brandon Kooper]

Yes, absolutely. An accountant can provide valuable guidance on taxes, deductions, and financial planning, ensuring compliance and maximizing savings.

 

[Adam NN]

In your case, it’s better to calculate everything yourself, it’s not so difficult, besides, now there are applications in which you can easily and quickly enter data and then have all the statistics and graphs of how much, when and where it went.