How You Can Save Money Using Accountants on PeoplePerHour

Stephen Robinson

15 Oct 2024

4 min

Managing finances is one of the most crucial aspects of running a business, whether you’re a freelancer, a small business owner, or part of a larger organisation. However, traditional accounting firms often come with hefty fees, including monthly retainers and additional charges for specific tasks like end-of-year accounts and tax submissions. Fortunately, there is a more cost-effective solution; hiring a freelance accountant from PeoplePerHour. By choosing a freelancer, you can save money by only paying for the services you actually need, when you need them.

In this blog, we’ll explore how UK businesses and freelancers can benefit from using PeoplePerHour to find skilled accountants who offer a range of financial services without the burden of high, ongoing fees.

1. The High Costs of Traditional Accounting Firms

For many small businesses and freelancers, the cost of traditional accounting firms can be a significant expense. Many firms charge a flat monthly fee that covers basic accounting services, but these fees often don’t include essential tasks like preparing end-of-year accounts, submitting tax returns, or handling payroll. These additional services can lead to unexpected costs that quickly add up, straining your budget.

The structure of traditional accounting services can also lead to inefficiencies. Businesses might end up paying for a full range of services they don’t actually need, simply because they are included in a package. While this arrangement might make sense for larger companies with complex financial requirements, it often doesn’t suit the needs of freelancers or smaller businesses who only need specific accounting tasks completed at certain times of the year.

2. Why Hiring a Freelance Accountant Makes Sense

Hiring a freelance accountant on PeoplePerHour can be a cost-effective and flexible alternative to traditional firms. Here’s why:

• Pay Only for What You Need: Instead of paying a monthly fee, you can hire a freelance accountant for individual tasks as and when they are required. This can significantly reduce costs, especially if you only need help during specific periods, such as tax season or at the end of the financial year.
• No Hidden Fees: With freelance accountants on PeoplePerHour, you can agree on a clear, upfront fee for each task. This transparency means you won’t be caught off-guard by unexpected costs.
• Flexible Services: Freelance accountants offer a variety of services, from bookkeeping and payroll management to more complex tasks like VAT returns, end-of-year accounts, and self-assessment tax returns. This flexibility allows you to choose the exact service you need without committing to an ongoing contract.
• Experienced and Qualified Professionals: PeoplePerHour has a vast pool of qualified accountants who bring years of experience and expertise. You can review their profiles, client feedback, and qualifications before hiring, ensuring you find the right professional for your needs.

3. Services Offered by Freelance Accountants on PeoplePerHour

One of the biggest advantages of hiring a freelance accountant is the wide range of services they can provide. Depending on your needs, you can find a professional who specialises in specific areas of accounting. Here are some of the services commonly offered by accountants on PeoplePerHour:

• End-of-Year Company Accounts: Preparing your business’s end-of-year accounts can be a time-consuming and complex task. Freelancers can handle this process for you, ensuring all your financial records are accurate and compliant with legal requirements.
• Self-Assessment Tax Returns: Many freelancers and small business owners need to submit self-assessment tax returns each year. A freelance accountant can make sure your tax return is completed correctly, helping you avoid costly mistakes and potential penalties.
• Payroll Management: Managing payroll can be challenging, especially if your business is growing and hiring new employees. Freelance accountants can take care of payroll tasks, including calculating salaries, managing deductions, and ensuring compliance with payroll regulations.
• VAT Returns: If your business is VAT registered, you’ll need to submit VAT returns regularly. A freelance accountant can ensure these are completed correctly and submitted on time, saving you from unnecessary hassle.
• Bookkeeping: Keeping accurate financial records is essential for any business, but it can be tedious and time-consuming. Freelancers can help manage your day-to-day bookkeeping, ensuring your records are always up-to-date and ready for review.

4. How to Hire a Freelance Accountant on PeoplePerHour

Finding the right freelance accountant on PeoplePerHour is easy. Here’s a step-by-step guide to help you get started:

1. Post a Job: Describe the accounting services you need, including details such as the type of task, deadlines, and any specific requirements. Be clear and specific to attract the most qualified freelancers.
2. Browse Freelancer Profiles: PeoplePerHour allows you to review profiles of accountants, including their qualifications, previous experience, and client feedback. This transparency makes it easy to find a professional with the skills and expertise you need.
3. Communicate Your Needs: Once you’ve selected a freelancer, have an open conversation about your requirements. Make sure they understand the scope of the work and ask any questions you may have about their services.
4. Agree on Pricing: Agree on a price before the work begins. Freelance accountants on PeoplePerHour offer competitive rates, and you’ll know exactly how much you’ll be paying without worrying about hidden fees.
5. Review and Approve the Work: After the freelancer has completed the task, take the time to review their work. If you’re happy with the results, you can approve it and release the payment.

5. The Benefits of Using PeoplePerHour

PeoplePerHour is a trusted platform that connects businesses with freelancers who can provide high-quality services at affordable rates. Here’s why you should consider hiring an accountant from PeoplePerHour:

• Wide Selection of Skilled Accountants: PeoplePerHour offers access to a diverse range of accountants, each with their own specialisations. Whether you need help with a one-off task or ongoing support, you’ll find the right freelancer for your needs.
• Safe and Secure Platform: PeoplePerHour provides a secure payment system, so you can hire with confidence. Payments are only released when you’re satisfied with the work, giving you peace of mind.
• Easy to Use: The platform is easy to navigate, making it simple to post jobs, communicate with freelancers, and manage projects. You can track your projects from start to finish, ensuring you’re always in control.
• Cost-Effective: Freelancers on PeoplePerHour offer competitive rates, and you only pay for the services you use. This cost-effective approach can lead to significant savings compared to traditional accounting firms.

Get in touch with some accountants on PeoplePerHour today!

Managing your business’s finances doesn’t have to be expensive or complicated. By hiring a freelance accountant from PeoplePerHour, you can save money, reduce stress, and ensure your accounts are managed by a skilled professional. Instead of paying high monthly fees, you can hire experts only when you need them, giving you more flexibility and control over your budget.

PeoplePerHour connects you with highly skilled accountants who can help with everything from bookkeeping and payroll to end-of-year accounts and tax returns. Save time, money, and effort by hiring a freelance accountant today and enjoy peace of mind knowing your finances are in expert hands.