Self-Employed
At Faxon, We recognize the distinct challenges and requirements that come with self-employment. Our team of committed self-employed accountants is ready to optimize your financial management, enabling you to concentrate on your core competencies and expand your business .
FAQ's
What Expenses Can Self-Employed Individuals Claim?
As a self-employed individual, you may be eligible to deduct a range of expenses, including:
- Office supplies and equipment
- Travel and transportation expenses
- Professional fees (such as accounting or legal services)
- Marketing and advertising costs
- Business insurance premiums
- Rent or mortgage payments for your business premises
- Training and professional development expenses
Always seek advice from experienced sole trader accountants to ensure you accurately claim all eligible expenses and optimize your tax deductions. Trust Faxon to be your reliable partner, providing trustworthy accountancy solutions.
The Accountancy Costs of Self-Employed and Freelancers
The accounting services fees for self-employment can fluctuate, influenced by factors like the complexity of your business, the range of services required, and your chosen accounting firm. Typically, fees for freelancers can be structured in the following ways:
These might include package options, allowing you to select service bundles tailored to your specific needs. These packages often encompass a combination of services like bookkeeping, tax preparation, financial reporting, and advisory services.
Billing may be based on accountants hours they spend on your accounting. The rate may differ based on the accountant’s experience and location.
You might have the option to pay a fixed monthly or annual fee to secure ongoing accounting services. This arrangement offers consistent support and access to a range of accounting services.
Cost Efficiency
Accounting fees for self-employed individuals can vary based on factors such as business complexity and service requirements.
Benefits of Hiring Faxon Accountancy as your Sole Trader Accountants
Choosing Faxon as your sole trader accountants brings numerous advantages:
Flexible Billing:
Our billing structure allows you to choose the payment option that suits you best. You can opt for hourly-based billing, fixed monthly or annual fees, or a combination of services to fit your budget and ensure consistent support.