At FW Accounting we welcome feedback on how we can make improvements for our clients and following some recent feedback we received regarding your monthly Business Snapshot, we are delighted to have made those improvements for you, as outlined online;
We have changed the “Monthly Deductions” section on Page 2 to now read as “Monthly liabilities” which details HMRC liabilities due to be deducted at the end of the month. Your monthly fees (which were previously detailed under the monthly deductions header) are now detailed as an action point under the “Actions” header also on page 2. This change was made to provide clearer guidance to help you budget and ensure you leave sufficient funds for your monthly service and insurance fees due to be collected from your business bank account on the 15th of the month.
We have also added a helpful point to note under the “Important Notes” section on page 1, reminding you why you need to submit your timesheets monthly. This is imperative to ensure we are able to advise you of the correct amount of dividend to withdraw and also to make sure you are paying the correct VAT and Corporation Tax across to HMRC.
Hopefully you will find these changes beneficial towards helping you manage your monthly cash flow. Any further changes you would like to see included, please let us know.
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Why Freelancers Should Hire an Accountant
In the world of work, freelancing is an increasingly popular option. The promise of flexibility, unlimited earning potential and complete control over the way you work is a hugely attractive prospect for many.
Although freedom is one of the big draws of the freelance lifestyle, there’s still plenty of financial responsibilities that come with it that can really eat into your time and profits.
But do freelancers really need the services of an accountant? Let’s find out.
