Freestyleaccounting.com Review

Based on checking the website, Freestyleaccounting.com positions itself as a specialist contractor accountancy firm based in the UK, aiming to simplify limited company contracting for freelancers and consultants.

They emphasize maximizing contract income while handling the administrative burden.

Overall Review Summary:

• Purpose: To provide all-inclusive accountancy and tax planning services for UK contractors operating through limited companies.
• Key Offerings: Company formation, IR35 review, VAT scheme registration, monthly payroll, quarterly VAT returns, personal and corporate tax returns, online portal access for invoicing and expenses, real-time financial updates, and general financial/tax advice.
• Accreditations: ACCA qualified chartered certified accountants and tax advisors, accredited by IPSE The Association of Independent Professionals and the Self Employed.
• Transparency: Pricing isn’t immediately clear on the homepage, which is a significant drawback for a service-based business. They do link to detailed guides and a privacy policy.
• Guarantee: They offer a 30-day refund guarantee if unsatisfied.
• Ethical Considerations: The service revolves around managing finances and taxes, which is generally permissible. However, the mention of “tax advantages available, you can retain more of your contracting income legally – significantly more than if you were operating through an umbrella company” could imply a focus on tax minimization that borders on legal loopholes rather than straightforward, ethical tax practices, though it’s important to note this is standard practice in tax planning and generally permissible as long as it adheres to legal frameworks. The website itself does not offer any services that are inherently impermissible in Islam.

While Freestyleaccounting.com presents a professional facade and highlights key benefits for contractors, the lack of immediate pricing information is a considerable hurdle for potential clients.

For those seeking accounting services, this omission might lead to immediate disqualification.

Best Alternatives for Ethical Accounting and Financial Management Services:

• KPMG: A global network of professional firms providing audit, tax, and advisory services. Known for its extensive expertise and strict ethical guidelines.
  • Key Features: Comprehensive tax planning, audit services, advisory for businesses of all sizes, global presence, specialized industry knowledge.
  • Price: Custom quotes based on service complexity and client needs.
  • Pros: Highly reputable, wide range of services, expert advice, strong compliance focus.
  • Cons: Can be expensive for smaller businesses, less personalized service compared to boutique firms.
• Deloitte: One of the “Big Four” accounting organizations, offering auditing, consulting, financial advisory, risk management, and tax services.
  • Key Features: Broad service portfolio, global reach, cutting-edge technology integration, deep industry insights, strong ethical standards.
  • Price: Varies significantly based on service scope.
  • Pros: Top-tier expertise, diverse service offerings, strong focus on regulatory compliance.
  • Cons: Premium pricing, less agile for very small businesses.
• EY Ernst & Young: Another member of the “Big Four,” providing assurance, tax, consulting, and advisory services worldwide.
  • Key Features: Global presence, focus on innovation and digital transformation, strong commitment to corporate responsibility, comprehensive tax and audit services.
  • Price: Project-based or retainer fees, typically higher end.
  • Pros: Renowned expertise, strong client relationships, global network for complex issues.
  • Cons: Cost can be a barrier for startups, bureaucratic processes.
• PwC PricewaterhouseCoopers: The largest professional services network in the world by revenue, offering assurance, advisory, and tax services.
  • Key Features: Extensive global network, strong in financial advisory and deals, comprehensive tax strategy, robust risk management.
  • Price: Customized based on client requirements.
  • Pros: Market leader, comprehensive solutions, deep industry knowledge, reliable.
  • Cons: High cost for small businesses, potentially less flexible.
• FreshBooks: Cloud-based accounting software designed for small business owners and freelancers, focusing on invoicing, expense tracking, and time tracking.
  • Key Features: Easy-to-use invoicing, expense management, time tracking, project management, financial reporting, mobile app.
  • Price: Starts around $17/month for Lite plan, scales up with more features.
  • Pros: User-friendly, great for invoicing, excellent customer support, affordable for small businesses.
  • Cons: Less robust for complex accounting needs, limited payroll features, not a full-service accountancy.
• Wave Accounting: A free cloud-based accounting software for small businesses, offering invoicing, accounting, and receipt scanning.
  • Key Features: Free invoicing, income and expense tracking, basic financial reports, receipt scanning, mobile app.
  • Price: Free for core accounting features. paid for payroll and payment processing.
  • Pros: Completely free for basic accounting, easy to get started, good for very small businesses.
  • Cons: Limited features compared to paid alternatives, customer support can be slow, less scalable.
• Xero: Cloud-based accounting software for small and medium-sized businesses, known for its strong bank reconciliation and integration capabilities.
  • Key Features: Invoicing, bank reconciliation, expense claims, inventory management, payroll integration with add-ons, comprehensive reporting.
  • Price: Starts around $15/month for Early plan.
  • Pros: User-friendly interface, robust bank feed connections, extensive app marketplace, good for growing businesses.
  • Cons: Can be more expensive than basic options, some features require add-ons, steeper learning curve for beginners.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Freestyleaccounting.com Review & First Look

Based on looking at the website, Freestyleaccounting.com presents itself as a dedicated solution for UK contractors looking to streamline their limited company operations.

The initial impression is one of professionalism and clarity, with a clean layout and direct messaging.

They immediately state their core value proposition: “The Quickest & Easiest Way to Contract through a Limited Company,” aiming to alleviate the common pain points of paperwork and maximizing income.

Initial Website Assessment

Upon landing on the homepage, visitors are greeted with a clear header and a call to action. The design is modern, with intuitive navigation elements. However, a critical piece of information that many users seek upfront—pricing—is notably absent from the initial view. This can be a significant friction point for potential clients who want to quickly compare services. According to a 2023 study by Statista, 68% of online shoppers abandon a site if they can’t find pricing information easily, highlighting the importance of transparency in this area.

Target Audience and Value Proposition

The website explicitly targets “contractors, freelancers and consultants throughout the UK.” Their value proposition hinges on two main pillars:

• Maximizing contract income: They claim to help clients retain more income due to “tax advantages available” through a limited company structure.
• Avoiding paperwork and hassle: This is addressed by their “all-inclusive accountancy packages” and a promise to “take care of all the admin hassle.”

Freestyleaccounting.com Features

Freestyleaccounting.com offers a comprehensive suite of services designed to cover nearly every financial and administrative need for a limited company contractor.

This “everything done for you” approach is a significant selling point, aiming to free up contractors’ time to focus on their core work.

Comprehensive Service Inclusions

Their service, dubbed “Freestyle Contractor,” includes an extensive list of offerings:

• Initial Company Formation: This includes setting up the limited company and assisting with business bank account setup.
• IR35 Review: Crucial for UK contractors, they review contracts for IR35 compliance, a complex area of tax legislation.
• VAT Scheme Registration: Assistance with registering for the flat rate VAT scheme if applicable.
• PAYE Registration: Registering the company for Pay As You Earn PAYE with HMRC.
• Ongoing Financial Management:
  • Monthly payroll preparation.
  • Quarterly VAT returns preparation.
  • Annual accounts and corporation tax return preparation.
  • Preparation of personal tax returns and spouse’s, if necessary.
• Tax Planning & Advice: Advising on tax-efficient dividend payments and providing free financial and tax advice.
• Online Portal Access: An “Intuitive Online Portal” for creating invoices, submitting expenses, and checking real-time financial position.

Online Portal Functionality

The website highlights its “unique online portal” as a key feature, emphasizing its ease of use for contractors.

It’s designed to streamline administrative tasks, allowing users to: Mundo-one.com Review

• Create client invoices: Essential for contractors to bill their clients efficiently.
• Submit expenses: Simplifies expense tracking and ensures legitimate deductions are captured.
• Monitor financial position: Provides “up to date ‘real time’ information on your company’s financial status,” which is vital for cash flow management and decision-making.

Regulatory Compliance and Accreditation

Freestyleaccounting.com makes a point of highlighting its professional credentials, which are crucial for building trust in the financial sector. They state:

• They are ACCA qualified chartered certified accountants and tax advisors. ACCA Association of Chartered Certified Accountants is a globally recognized professional accounting body.
• They are accredited by IPSE The Association of Independent Professionals and the Self Employed, which is described as the largest association of independent professionals in the EU. This accreditation suggests adherence to certain industry standards and best practices for freelancers and contractors.

These accreditations lend significant credibility, assuring potential clients that they are dealing with qualified and recognized professionals.

Freestyleaccounting.com Pros & Cons

When evaluating a service like Freestyleaccounting.com, it’s essential to weigh its strengths against its weaknesses.

This helps in making an informed decision about whether it aligns with individual needs and expectations.

Pros of Freestyleaccounting.com

• Comprehensive Service Offering: The “all-inclusive” nature of their packages is a major plus. For contractors who want to offload almost all their accounting and administrative burden, this is highly appealing. It covers everything from company formation to tax returns and ongoing advice.
• Specialist Focus: By focusing exclusively on contractors, freelancers, and consultants, they likely possess deep expertise in the specific tax laws like IR35 and financial needs pertinent to this demographic. This specialization can lead to more tailored and effective advice.
• Professional Accreditations: Being ACCA qualified and IPSE accredited provides a strong sense of legitimacy and trustworthiness. These are recognized professional bodies, indicating a commitment to high standards and ethical practices.
• Intuitive Online Portal: The promise of an easy-to-use portal for invoicing, expenses, and real-time financial tracking is a significant convenience. Modern contractors often prefer digital tools for managing their business on the go.
• 30-Day Money-Back Guarantee: This demonstrates confidence in their service and reduces the risk for new clients. If a contractor isn’t satisfied within the first month, they can get a refund.
• Dedicated Support: The website mentions “free financial and tax advice” and handling HMRC/Companies House paperwork, suggesting a supportive and proactive approach to client management.

Cons of Freestyleaccounting.com

• Lack of Transparent Pricing: This is the most significant drawback. The homepage does not openly display pricing tiers or even a general indication of costs. For a service of this nature, transparency in pricing is paramount. Potential clients often need to compare costs quickly, and requiring an inquiry for basic pricing information can be a deterrent, leading to a higher bounce rate. A study by Software Advice found that 75% of small business owners consider transparent pricing a key factor when choosing software or service providers.
• Geographic Limitation: The service appears to be primarily aimed at UK contractors, which is excellent for its target market but limits its applicability for international contractors.
• Potential for Over-reliance: While the “everything done for you” model is convenient, it might lead to a lack of understanding on the contractor’s part regarding their own financial situation if they don’t actively engage with the information provided.
• Website Navigation for Key Information: While guides are available, some critical details like detailed service level agreements beyond the guarantee might require deeper digging or direct inquiry, which could be cumbersome for users seeking quick answers.
• No immediate client testimonials on homepage: While they likely have them, not featuring prominent client testimonials or case studies on the main landing page might mean missing an opportunity to build immediate social proof.

Freestyleaccounting.com Pricing

As highlighted previously, the lack of transparent pricing on the Freestyleaccounting.com homepage is a notable omission.

This forces potential clients to actively inquire about costs, adding an extra step to the decision-making process.

For many individuals and small businesses, price is a primary consideration, and its absence upfront can create friction.

Why Transparent Pricing Matters

• Increased Bounce Rates: Users might leave the site if they cannot quickly ascertain if the service fits their budget.
• Perception of Hidden Costs: While not necessarily true for Freestyleaccounting.com, the lack of transparency can sometimes lead to assumptions about hidden fees or complicated pricing structures.
• Lengthier Sales Cycles: Requiring a direct inquiry means adding an extra step that could otherwise be avoided if pricing were readily available.

Common Accounting Service Pricing Models

Typically, accounting services for contractors might adopt various pricing models:

• Fixed Monthly Fees: This is common for “all-inclusive” packages, where a set fee covers a defined set of services e.g., £X per month for payroll, VAT, annual accounts. This offers predictability for both the client and the accountant.
• Tiered Packages: Different service levels e.g., Basic, Standard, Premium with varying inclusions and corresponding prices. This allows clients to choose a package that best fits their needs and budget.
• Per-Service Fees: Less common for comprehensive contractor packages, but some firms might charge individually for specific tasks e.g., £Y for VAT return, £Z for annual accounts.
• Hourly Rates: Primarily used for bespoke consultancy or complex one-off tasks not covered by standard packages.

Without explicit pricing on the website, it’s impossible to determine which model Freestyleaccounting.com uses or how their rates compare to the market average.

Prospective clients will need to reach out directly via phone or their “find out more” links to obtain this crucial information. Pacwyn.app Review

How to Cancel Freestyleaccounting.com Subscription

While the website details their comprehensive services, information on how to cancel a subscription is not immediately available on the homepage.

This is standard for service providers, where cancellation policies are typically outlined in the “Terms & Conditions” or within a client portal.

For any subscription-based service, understanding the cancellation process is vital for the customer.

General Cancellation Procedures for Subscription Services

Most reputable service providers follow a similar pattern for cancellations:

1. Review Terms & Conditions: The primary source for cancellation policy details. These typically outline notice periods, potential fees, and the required method of communication e.g., written notice, email, specific form. Freestyleaccounting.com provides a link to their “Terms & Conditions” PDF on the homepage footer.
2. Contact Customer Support: Direct communication is usually necessary. This could be via phone, email, or a dedicated support ticket system within the client portal. The website provides a phone number: 024 7642 6360.
3. Provide Required Information: Be prepared to provide account details, reason for cancellation though often not strictly required, and any other information to verify identity.
4. Confirm Cancellation: Always ensure you receive a confirmation of cancellation, preferably in writing, to avoid any disputes later.

Specifics for Freestyleaccounting.com Inferred

Given their “30-day refund guarantee,” it’s clear they have established procedures for service termination, at least within the initial period.

For cancellations beyond the 30-day guarantee period, clients would likely need to:

• Consult their Terms & Conditions document: This PDF will contain the definitive rules regarding notice periods e.g., 30, 60, or 90 days’ notice, any termination fees, and the process to initiate cancellation.
• Utilize their contact methods: The phone number provided 024 7642 6360 would be the primary point of contact for initiating a cancellation discussion. It is possible they might require written notice via email or post, as is common with professional services.

It is always advisable to review the full Terms & Conditions document linked on their website to understand the precise cancellation policy before committing to the service.

This document, likely titled “Terms & Conditions,” would specify the notice period required for termination, any fees associated with early termination if applicable, and the exact procedure to follow.

How to Cancel Freestyleaccounting.com Free Trial

Freestyleaccounting.com does not explicitly advertise a “free trial” in the traditional sense on its homepage.

Instead, it invites users to “Try the portal” for a “test drive” and offers a “30-day refund guarantee.” This suggests their “free trial” equivalent is embedded within their initial service offering, backed by their guarantee. Learnwithsyd.com Review

Understanding the “Test Drive” and “30-Day Guarantee”

• “Try the portal” Test Drive: This likely means that upon signing up for their service, clients gain immediate access to the online portal. It’s not a standalone free trial account that expires. rather, it’s the initial experience of their full service.
• “30-day refund guarantee”: This acts as the safety net. If a client is not satisfied with their service within the first 30 days of joining, Freestyleaccounting.com states they will refund the fee. This effectively functions as a risk-free trial period, where the financial commitment is reversible.

Steps to “Cancel” During the Guarantee Period

To cease using the service and receive a refund within the 30-day guarantee period, clients would need to:

1. Notify Freestyleaccounting.com: Immediately contact their team within the 30-day window. The website links to “See here for more information on our guarantee,” which likely provides the specific contact method e.g., email, phone required for activation of the guarantee.
2. Follow their specified procedure: The guarantee terms will detail any conditions for the refund e.g., which fees are refundable, timing of refund.
3. Cease Use of Services: Once the cancellation is initiated, clients would be expected to discontinue using the portal and other services.

Key Considerations for the Guarantee

• Definition of “fee”: It’s important to clarify what “fee” is refundable. Does it include any setup costs, or just the monthly service fee? The guarantee’s specific terms, found by clicking “See here for more information on our guarantee” link on their website, would clarify this.
• Effective Date: The 30-day period likely starts from the date of engagement or the first payment. Clients should track this date carefully.
• Communication Method: The guarantee terms will specify the official method for notifying them of dissatisfaction. Adhering to this is crucial for a smooth process.

In essence, while there isn’t a traditional “free trial” button, the 30-day money-back guarantee serves the same purpose—allowing potential clients to experience the service risk-free before making a long-term commitment.

Freestyleaccounting.com vs. Competitors

When evaluating Freestyleaccounting.com, it’s useful to compare its offerings against other prominent accounting solutions available to UK contractors.

Freestyleaccounting.com’s Positioning

Freestyleaccounting.com positions itself as a specialist, all-inclusive accountancy service for limited company contractors. Its key differentiators appear to be:

• Dedicated Contractor Expertise: A deep understanding of IR35 legislation and specific contractor needs.
• “Everything Done For You” Model: Aimed at minimizing client effort, with comprehensive service inclusions.
• Online Portal: Providing convenience for managing invoices and expenses.

Comparison with Traditional Accountants

• Pros of Traditional Accountants e.g., Local Chartered Accountants: Often provide highly personalized service, in-person meetings, and a broader range of general business advisory beyond just contractor-specific needs. They might have a more established local presence and a long-standing reputation.
• Cons of Traditional Accountants: May not be as specialized in contractor-specific legislation like IR35 as a dedicated contractor accountant. Their fees might be higher, and they may not offer the same level of online portal integration for self-service tasks.
• Freestyleaccounting.com’s Advantage: Its specialization and integrated online tools generally provide a more streamlined, hands-off experience for contractors focused solely on their limited company obligations.

Comparison with Online Accounting Software e.g., Xero, QuickBooks, FreeAgent

• Pros of Accounting Software: These platforms allow contractors to manage their own books, issue invoices, track expenses, and often generate basic reports. They are typically more affordable, with monthly subscriptions ranging from £10-£40. Many integrate with banks and other business tools.
  • QuickBooks Online
  • FreeAgent
• Cons of Accounting Software: Requires the contractor to have a good understanding of accounting principles and tax regulations. The onus is on the contractor to ensure accuracy and compliance. They do not typically provide direct tax advice, IR35 reviews, or handle HMRC filings unless combined with an accountant.
• Freestyleaccounting.com’s Advantage: It removes the need for the contractor to be an accounting expert. All compliance, tax filings, and specific advice e.g., IR35 are handled by professionals. This is ideal for contractors who prefer to outsource all financial administration.

Comparison with Umbrella Companies

• Pros of Umbrella Companies: Offers the simplest route for contractors, as they become an employee of the umbrella company. The umbrella handles all payroll, tax, NI, and administration. Ideal for short-term contracts or those who want minimal administrative burden.
• Cons of Umbrella Companies: Generally less tax-efficient than operating through a limited company. Contractors have less control over their finances and may not be able to claim as many expenses.
• Freestyleaccounting.com’s Advantage: As highlighted on their website, operating through a limited company with Freestyleaccounting.com’s support can be “by far the most tax-efficient way of working” due to “tax advantages.” This means contractors can retain more of their income compared to an umbrella solution.

Market Share and Trends

The UK contractor market is vast, with an estimated 2.98 million freelancers in 2023, according to IPSE. This segment continually seeks efficient ways to manage their business finances. Online accounting services and specialist contractor accountants are gaining traction due to their convenience and tailored expertise. While large accounting software providers dominate the general small business market, specialist firms like Freestyleaccounting.com carve out a niche by offering in-depth support for complex areas like IR35. According to a 2022 survey by the UK Office for National Statistics, 45% of small businesses use external accountants for tax and financial advice, highlighting the reliance on such services.

Ethical Considerations for Accounting Services

When it comes to financial services like those offered by Freestyleaccounting.com, ethical considerations are paramount, especially within an Islamic framework. While the service itself—providing accounting and tax advice—is inherently permissible, the manner in which advice is given and the types of financial structures encouraged must align with Islamic principles.

Transparency and Fairness

• Pricing Transparency: As noted, the absence of upfront pricing on the homepage is a concern for transparency. In Islam, clarity in transactions gharar is highly valued. While not explicitly forbidden, a lack of transparency can lead to uncertainty and potential dissatisfaction, which runs counter to the spirit of fair dealing. Reputable businesses should aim to be as open as possible about costs.
• Clear Terms and Conditions: Freestyleaccounting.com does provide a link to its Terms & Conditions and Privacy Policy. This is crucial. Islamic principles emphasize clear contractual agreements aqd to prevent disputes. Customers should always review these documents thoroughly to understand their rights and obligations.

Tax Planning and Legal Compliance

• Maximizing Income “Legally”: The website states, “Due to the tax advantages available, you can retain more of your contracting income legally.” This is a standard and permissible aspect of tax planning. Islamic finance encourages wealth generation through lawful means, and minimizing tax burden through legal, permissible means is acceptable. This involves utilizing legitimate deductions, allowances, and choosing the most tax-efficient structure e.g., limited company over umbrella as permitted by law.
• Avoiding Illicit Practices: The concern would arise if “tax advantages” implied engaging in tax evasion illegally concealing income or inflating expenses or aggressive tax avoidance schemes that exploit legal loopholes in ways that are morally dubious or against the spirit of the law, even if technically legal. However, based solely on the website’s description, there is no indication of such practices. The emphasis is on legal tax optimization, which is permissible.

Avoiding Interest Riba

• Core Business: Freestyleaccounting.com provides accounting services, not direct financial products involving interest. Their role is to manage client finances and ensure tax compliance.
• Advice on Dividends vs. Salary: They advise on “how much to pay yourself through tax efficient dividends.” This is a legitimate method of income distribution for limited company directors and does not inherently involve riba. Dividends are a share of company profits, not interest.
• Banking Partnerships: While they help set up business bank accounts, the onus is on the client to choose an ethical bank if they wish to avoid conventional interest-based accounts. Freestyleaccounting.com’s service itself does not promote or facilitate interest-based transactions beyond managing client finances within existing conventional systems.

Ethical Business Conduct

• Professional Accreditation: Their ACCA qualification and IPSE accreditation underscore a commitment to professional ethics and industry standards. This is a positive sign for ethical conduct.
• Customer Satisfaction Guarantee: The 30-day refund guarantee aligns with principles of customer satisfaction and trust, allowing a client to disengage if the service does not meet expectations without financial loss for the initial fee.

In summary, based on the provided website text, Freestyleaccounting.com appears to operate within ethically permissible boundaries from an Islamic perspective. Their core service of accounting and tax management for legitimate business activities is sound. The key for a Muslim contractor would be to ensure they understand the legal tax optimization strategies suggested and that any banking or investment advice they receive is consistent with Islamic financial principles, independent of Freestyleaccounting.com’s direct service scope.

FAQ

What is Freestyleaccounting.com?

Freestyleaccounting.com is a UK-based specialist accountancy firm providing all-inclusive accounting and tax planning services specifically for contractors, freelancers, and consultants who operate through a limited company.

What services does Freestyleaccounting.com offer?

They offer comprehensive services including limited company formation, IR35 contract reviews, VAT and PAYE registration, monthly payroll, quarterly VAT returns, annual accounts and corporation tax returns, personal tax returns, tax-efficient dividend advice, and access to an online portal for managing invoices and expenses.

Is Freestyleaccounting.com suitable for all types of businesses?

No, Freestyleaccounting.com explicitly targets and specializes in services for UK-based contractors, freelancers, and consultants who use a limited company structure. Ghpgroupinc.com Review

It is not designed for general small businesses or other business types.

Does Freestyleaccounting.com offer a free trial?

Freestyleaccounting.com does not offer a traditional free trial.

Instead, they provide a “test drive” of their online portal upon signing up and offer a “30-day refund guarantee” if you are not satisfied with their service.

How does the 30-day refund guarantee work?

If you are not satisfied with Freestyleaccounting.com’s service within the first 30 days of joining, you can notify them, and they will refund your fee.

Specific terms and conditions for this guarantee are available on their website.

Is Freestyleaccounting.com ACCA qualified?

Yes, Freestyleaccounting.com explicitly states on its website that its specialist team includes ACCA qualified chartered certified accountants and tax advisors.

Is Freestyleaccounting.com accredited by any professional bodies?

Yes, in addition to being ACCA qualified, Freestyleaccounting.com is accredited by The Association of Independent Professionals and the Self Employed IPSE, which is a major association for independent professionals in the EU.

What is the “Intuitive Online Portal” offered by Freestyleaccounting.com?

The “Intuitive Online Portal” is a unique online system developed by Freestyleaccounting.com specifically for contractors.

It allows clients to create invoices, submit expenses, and view their company’s real-time financial position.

How can I find out the pricing for Freestyleaccounting.com’s services?

Freestyleaccounting.com’s website does not openly display pricing on its homepage. Seacoastsweets.com Review

You would need to contact them directly via phone or through their “find out more” links to inquire about their service fees and packages.

Does Freestyleaccounting.com help with IR35 legislation?

Yes, a key service offered by Freestyleaccounting.com is reviewing your contract for IR35 legislation compliance, which is crucial for UK contractors to determine their employment status for tax purposes.

Can Freestyleaccounting.com help me set up a limited company?

Yes, Freestyleaccounting.com provides initial company formation services, including helping you set up your limited company and assisting with your business bank account setup.

Does Freestyleaccounting.com prepare personal tax returns?

Yes, their “all-inclusive” service includes the preparation of your personal tax return and, if necessary, your spouse’s tax return.

What is the benefit of contracting through a limited company with Freestyleaccounting.com?

Freestyleaccounting.com states that contracting through a limited company is often the most tax-efficient way of working for contractors, allowing them to retain more of their contract income legally due to available tax advantages, significantly more than through an umbrella company.

Where are Freestyleaccounting.com’s offices located?

Freestyleaccounting.com has offices near Warwick University in Coventry and in Central London.

How do I contact Freestyleaccounting.com?

You can contact Freestyleaccounting.com by telephone at 024 7642 6360 or by exploring the contact options on their website.

Does Freestyleaccounting.com handle paperwork from HMRC or Companies House?

Yes, their service includes looking after any necessary paperwork from HMRC Her Majesty’s Revenue and Customs or Companies House.

What kind of financial advice does Freestyleaccounting.com provide?

Freestyleaccounting.com provides free financial and tax advice as part of its all-inclusive service, including guidance on how to pay yourself through tax-efficient dividends.

Are there any hidden fees with Freestyleaccounting.com?

While their website doesn’t list prices, their “all-inclusive” claim suggests a comprehensive package. Hopeaveboutique.com Review

However, it is crucial to clarify all inclusions and potential additional costs directly with them to ensure full transparency before engaging their services.

Can I track my company’s financial status in real-time with Freestyleaccounting.com?

Yes, their online portal provides “up to date ‘real time’ information on your company’s financial status,” allowing you to monitor your financial position.

How does Freestyleaccounting.com compare to an umbrella company?

Freestyleaccounting.com states that operating through a limited company with their support is generally more tax-efficient, allowing contractors to retain significantly more income compared to working through an umbrella company.

An umbrella company treats you as an employee, while a limited company offers greater financial control and tax planning opportunities.