Whether you have completed the relevant accountancy qualifications or you are just starting your course, you are probably considering what the options will be when you finish. If you don’t particularly relish the idea of working for an employer, there are other possibilities – you may wish to consider a career as a freelance accountant, instead.
A Perfect guide for a freelance accountant in London
A freelance accountant will usually work for different clients, managing their accounts, and this option can be a good way to gain control over your work and earning potential. It also offers a great degree of flexibility. If you fancy trying a career as a freelance accountant in London, these tips may help you get started.
It is imperative that you have qualifications, as experience is unlikely to be enough to impress clients. You may wish to attend a college in London to gain the relevant qualifications you need to kick-start your freelance accountant career. Gaining the right qualifications is the first and most important step to achieving success as a freelancer.
If you are currently studying, it may be worth picking up some weekend work in an accounts firm to help you gain the experience you need before you go it alone. The more experience you have the better, so take any opportunities you can to get this.
You are the brand you need to market as a freelancer and this is the way you will gain work. Set up a website, start doing social media and register with freelancing websites. You need to let clients know you are available, so get yourself to networking events and do as much as you can to get your brand out there.
There are legalities associated with working as a freelance accountant and you need to be aware of these before you get started. You will need to let HMRC know that you are self-employed and you will then be liable to do your own tax returns. As you are offering an accountancy service, you also need to register with an approved authority, such as ACCA or AAT.
Knowledge is power
Find out as much information as you can about the company you will potentially freelance for before you start working for them. This is important, as you need to ensure they will be a good, paying client, and it also means you will be prepared for getting started.
If you’d like to do a top up degree or gain any other qualifications, we can help. Get in touch with us today to find out more.