Welcome to Acton
Accountants

If you sign up with us as a self-employed individual, we will register you with HMRC at no additional cost. You will only be charged our annual fee after one year, when we prepare your tax return or accounts.

One of the greatest benefits you can enjoy under a more flexible working arrangement is the freedom it provides. Instead of feeling tied to a strict schedule set by someone else, you gain the power to shape your own day. You can decide when to start, when to take breaks, and when to wrap things up, because you are in charge of your time. This can make it much easier to handle personal errands, attend family events, and balance other parts of your life without feeling rushed or overwhelmed. In fact, having this control means you can choose to work on multiple projects at once, so you are not limited to a single source of income or a narrow set of responsibilities.

When you are free to take on various types of work, you can develop new skills and discover what interests you most. You might even find better opportunities that would have been out of reach if you were stuck in a rigid routine. By embracing the chance to manage different tasks, you create a more interesting and dynamic career path for yourself. Plus, knowing that you can adjust your schedule as needed gives you a sense of independence that builds confidence and encourages you to try new things. Ultimately, this level of freedom helps you feel more satisfied, more engaged in your work, and more capable of meeting all your personal and professional goals.

Choosing between self-employment and a Limited Company depends on your income and business goals. If your turnover is under £50,000 a year, self-employment is simpler and cheaper to manage because it involves less paperwork. But, if you earn more or want tax efficiency, a Limited Company may save you money. Limited Companies pay Corporation Tax at 25%, and owners can take a salary plus dividends, which can reduce taxes. Self-employed people pay Income Tax and National Insurance directly on profits. Consider your business type, potential growth, and whether you need personal liability protection before deciding which structure suits you best.

The biggest risk of self-employment is not having a guaranteed income because your earnings depend on finding and keeping clients or customers. This can make your finances unpredictable, especially if you don’t have a solid contract or regular work lined up. Self-employed people must also handle their own taxes, which can be challenging without proper planning. To reduce risks, it’s important to create a clear business plan, identify your target customers, and build a financial safety net. Additionally, managing expenses carefully and staying organized can help make self-employment more stable and successful over time.