Friday, January 31, 2020

Three Reasons to Hire an Accountant as a Freelancer

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When it comes to freelancing, the last thing on your mind is probably hiring other people to work for you. Freelancing is usually a solo affair and you’ll rarely work or hire others, but one role that you might consider hiring for is that of an accountant. In this post, we’ll be explaining three reasons why you might want to consider hiring an accountant, even as a freelancer working mostly on your own.

1. Saves more time than you might imagine

Whether it’s recording your expenses, budgeting for expenses or even paying your taxes, doing your own accounting takes time. If it’s taking precious hours out of your workday, then consider hiring an accountant to help free up time.

2. Save you more money and helps increase profits

An accountant could easily manage your books and help you save a lot of money while also increasing your profits. Their expert knowledge will help you handle your account in a legally responsible way to avoid any potential issues with the law, while also suggesting ways for you to save money when reporting your taxes or purchasing necessary services and products to run your business.

3. Provides essential tax support

Taxes can be difficult to understand, yet it’s a vital component of running your business as a freelancer. To help you understand the importance of an accountant, we’ve included an informative graphic about tax professionals and why America needs more of them. We understand just how tricky it can be to manage something as convoluted as your taxes, hence why it’s valuable to invest in a professional accountant that can help you through the process.

Infographic: Northeastern University's Online Masters in Taxation Program


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