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Freelancer books/banks/accoutnant


the shadow

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Between working for time for a company and my eventual retirement, I spent a few years freelancing. Once of the first things I did was go to an accountant who advised me on the system and records I should keep. More important, he gave good advice on various deductions and exemptions I could claim with the mix of work and travel I was doing. He also gave me good advice about how much I should set aside for my tax bill at the end of the year--on his advice I didn't have a separate business account but instead I put aside my eventual tax bill in an interest bearing fixed term account.

 

I know he saved me considerable more money than he ever charged me so I'm a fan of the "get an accountant" advice.

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