Monday, August 13, 2012

The liberty of freelancing in the entertainment field

By Darryl Tipps


Entertainment freelancing - finding freedom

If you're fed up with the 9 - 5 and have a skill to offer, it could be time to consider the life of a freelancer. You get the freedom to choose the path you really want your career to take, as well as when you want to work - both great attractions. Many people from the world of entertainment are choosing to set themselves up as freelancers as it can also prove an incredibly lucrative move financially, but you must be sure that you keep on top of the money.

The benefits and pitfalls of freelancing

No matter what your current role may be, you're sure to see a rise in the amount of money you have coming in when you choose to go off on your own. This is balanced out however, when you realise that you are no longer eligible for holiday pay and will receive no occupational pension; many people are fine with this though, considering it a fair exchange for their freedom. The main thing is to maintain your discipline, continuing to work hard while trying to maintain balance across your life.

One of the things you'll discover early on is that an awful lot of time is spent keeping track of your balance sheet. Logging all your business outgoings while also tracking how much money is coming in can take up a lot of time for an accountancy novice, especially if you're regularly filling out paperwork. A lot of freelancers soon decide to hand over the whole lot to a specialist who can organise it all on their behalf.

All the help you need for a fixed outlay

The easiest way to do this is to consult specialist entertainment accountants, professional people who will be aware of exactly what you need to do to pay the correct taxes as well as advise you where you can avoid having to hand over your hard earned cash. Everything from National Insurance Contributions to your annual tax bills can be discussed with them, and many even offer their services for a monthly flat rate. This 'fixed fee accountant' service can often be the best plan for a new freelancer as you'll be able to budget for exactly what the service is going to cost you.

Choosing to free your time up by passing the everyday financial aspects of your work to a professional is a simple choice that allows you to spend more time on getting your business seen and heard. You'll have even more freedom to pick and choose your projects, increasing your profile as well as your bank balance. See for yourself how much more relaxed you'll be when you get in touch with a specialist and pass the figures over to them.




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