Becoming a Marketing Freelancer
Most business people are not experts at marketing. So they either employ someone to do it for them, or look for outside assistance from professionals. Hence the marketing industry is born. And with it, the marketing agency . . . and more recently, the marketing freelancer.
At a fundamental level, marketing is all about telling prospective customers about the product or service that a company wants to sell to them, with the ultimate goal being that the customer will buy it and your client will make a profit.
Sounds simple, but most people who run businesses, especially at the smaller end of the scale, do not have the skill set to do this themselves. They rarely have the budget to employ someone full time, especially in the early days and they also have a tendency to think that they can do it themselves, often with disastrous results! Even larger companies don’t always get it right, and those that do employ marketing people in-house generally still need outside assistance for one or more elements of an overall campaign.
The key factor on which you must decide from day one is what business model you want to adopt. There are two options, each with their own pros and cons.
- Simply act as a Marketing Manager would, pulling campaigns together and bringing in relevant suppliers where necessary, who then invoice your clients directly.
- Function in a similar manner to an agency by purchasing those services yourself and then selling them on, with the option to add a mark up and leave your suppliers ‘invisible’ in the background.
The main benefit of Option Two is a financial one, whereas the main benefits of Option One are a simpler business model, no cash flow issues and less liability if things go wrong.
Many marketing freelancers start off doing a little freelance work in their spare time whilst still holding onto a full time job. If you’re doing this or thinking of doing this it’s probably a good idea to have a chat with an accountant as there may be tax implications you should be considering and maybe also allowances you aren’t taking advantage of.
There are numerous benefits to freelancing, for example the freedom and flexibility to work for as many different types of client as you like as well as the obvious benefit of increasing your take home pay. In fact our freelancer take home pay calculator shows you how much you can expect to take home as a freelancer.
Having made the decision to give it a go, whether full or part time and whether to set up as a sole trader or limited company, you’re going to need a wide range of tax and accountancy advice and support in the early days when setting up as a freelancer.
The most daunting thing about going freelancing for most people is the thought of having to engage with an accountant. At first glance it’s easy, you go down to your local high street accountant who quotes you anything from £250 - £600 plus VAT to do your end of year accounts for you.
This sounds great, however what happens if you want to speak to your accountant for advice throughout the year on things like:
- Expenses
- Tax allowances
- Take home pay
- How much you should put aside for your tax bill
- Should you register for the Flat Rate VAT scheme
- Would going limited be beneficial
- Can I do work other than marketing through my business
- If you have a life plan and wish to go travelling what’s the most tax efficient way to run your business.
Each time you pick up the phone it is likely you will get charged, in fact every time your accountant sends you a letter you may charged and you may even get charged if you call to query your invoice! So by the end of the year you could easily be looking at a bill of over £1,000.
Easy Accountancy charge a fixed fee of only £30 VAT a month.
We don’t want our clients to be scared to contact us and potentially lose out on valuable tax saving advice, that's why we only charge a fixed fee of £30 VAT a month. It’s important when you first start out freelancing that you set your business up in the best way possible. As a start up you’ll probably have loads of questions and will really appreciate the fact you can call your accountant as many times as you like without the fear of racking up large bills.
Easy Accountancy
Easy Accountancy is the UK’s only national specialist accountancy firm for freelancers, sole traders and small businesses
If you’ve just started out as a freelancer or run a small business, you’ll definitely need a small accountant and there are plenty of options out there! However, most accountants will charge you every time you get in touch with them; for every phone call, email or meeting.
We don’t want our clients to be scared to contact us and potentially lose out on valuable tax saving advice. It's even more important when you first start out as you really need to set your business up in the best way possible. As a start up you’ll probably have loads of questions and will really appreciate the fact you can call your accountant as many times as you like without the fear of racking up large bills.
Our low cost, all-inclusive fixed-fee accountancy service includes unlimited access to your own accountant throughout the year, so you never need to worry about picking up the phone and then receiving a bill afterwards for the privilege, and covers all your business and personal tax affairs needs. All clients additionally receive:
- Help to run your business in the most tax efficient way possible
- Help so you can understand the taxes you need to pay
- Advice on the best ways to manage your business
- Updates and reminders so you'll never miss a deadline
- Help to ensure you maximise your tax allowances
- Provide proactive tax advice throughout the year
We’ve saved our clients up to half on their accountancy bills – if you’d like a quote, click on the quote me button to the right of this page. Alternatively, call us on 0500 234 111 / 01442 275 767 or email nikki.hanlon@easyaccountancy.co.uk
We also have a money-back service guarantee - all of your telephone calls and emails will be answered on the same day, or we will refund your monthly fee (another first within the accountancy world).
To appoint us as your accountants, please fill in our Client Agreement Form online.
If you are a contractor working through a limited company then visit SJD Accountancy (our sister company) who specialise in providing tax advice and accountancy services for Limited Company contractors.
For more information or a general chat about your business plans please Ask us a question, call us on 0500 234 111 / 01442 275 767 or email nikki.hanlon@easyaccountancy.co.uk
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