Contractors and Freelancers
Elevate your financial strategy with our services, including due diligence by certified accountants, healthcare practice precision, tailored solutions for contractors and freelancers, and creative industries’ financial acumen.
Contractors and Freelancers
In the ever evolving gig economy, contractors and freelancers need specialized financial guidance to navigate the complexities of tax obligations, cash flow management, and regulatory compliance. At Money Momentum, we provide comprehensive support for independent professionals, offering customized solutions to meet their unique financial needs.
Supporting Your Freelance Journey:
As a contractor or freelancer, you’re focused on delivering exceptional work to your clients. Let us handle the financial details so you can focus on what matters most. We assist with:
IR35 Compliance Guidance:
Misclassification under IR35 can lead to substantial penalties. We help you structure contracts and work arrangements correctly to protect your income and stay compliant.
Tax Planning and Efficiency:
Take advantage of tax-efficient income strategies, such as limited company incorporation or sole trading. We create a tax strategy that aligns with your financial goals while keeping you fully compliant with HMRC requirements.
Expense Management:
We guide you in optimizing deductible expenses specific to your industry, such as travel, equipment, and software. This approach saves you money, simplifies compliance, and eases end-of-year tax filings.
Invoicing Solutions:
Reliable cash flow is essential for your success. Our invoicing support ensures clear, professional invoices and integrates invoicing software to streamline billing and record-keeping.
Financial Planning for Stability:
Independent work comes with financial unpredictability. We help you budget, plan for investments, and save for taxes, ensuring security during both high and low-income periods.
NICs & VAT Compliance:
We provide guidance on National Insurance Contributions for both sole traders and limited companies. For VAT, we assess if registration benefits your business, handle compliance, and support Making Tax Digital (MTD) requirements.
Retirement & Insurance Planning:
Protect your future income with retirement plans suited for freelancers, plus essential insurance coverage like income protection and professional indemnity.
Key Services We Provide
VAT Compliance & Management:
Navigating VAT regulations can be challenging, especially with cross-border transactions or industry-specific exemptions. Our team ensures your business remains fully compliant, optimizing VAT claims and managing liabilities efficiently.
Enterprise Investment Scheme (EIS) & Seed Enterprise Investment Scheme (SEIS):
Attract investors by leveraging EIS and SEIS tax reliefs, which are essential for startups and growth-focused businesses. We guide you through eligibility, applications, and compliance to secure funding while providing tax benefits to your investors.
EResearch and Development (R&D) Tax Credits:
We identify and claim R&D tax credits, unlocking government incentives for businesses engaged in innovation. Whether you’re a tech startup or a healthcare provider investing in research, we help you maximize R&D credits to fuel growth.
Merger & Acquisition Support:
Our expert team provides end-to-end guidance during mergers and acquisitions, from initial valuation and due diligence to post-merger integration. We ensure a smooth transition with a focus on maximizing value and minimizing financial risks.
The Value of
Accounting in your company
Elevate your financial strategy with our diverse range of services. From ‘Financial Due Diligence by Certified Chartered Accountant’ ensuring sound business transactions to precision financial management for ‘Healthcare and Medical Practices,’ tailored solutions for ‘Contractors and Freelancers,’ and financial acumen for the ‘Creative Industries,’ we are your trusted partner for achieving financial success across various sectors.
Why Choose Us?
Specialized Expertise for Freelancers & Contractors:
We understand the unique financial needs of freelancers and contractors, providing tailored support for IR35 compliance, tax strategies, and income structuring.
Personalized Tax Optimization:
Our expert team helps you maximize earnings with tax-efficient strategies designed specifically for self-employed professionals.
Dedicated Support & Proactive Compliance:
We offer ongoing guidance and ensure you stay compliant with changing regulations, giving you peace of mind to focus on growing your business.
Testimonials
WHAT OUR CLIENTS SAY ?
Discover how we've transformed challenges into opportunities.
Thanks to Shabbir Hussain as I have experienced a transformative shift in our financial management. Shabbir's expertise and personalized support have helped us streamline our accounting processes, optimize our finances, and focus more on patient care. With Shabbir's guidance, we've achieved greater efficiency and peace of mind knowing our finances are in capable hands. I highly recommend their services to any dental practice seeking financial excellence.
I highly recommend Money Momentum to any healthcare provider looking to elevate their financial management because with Shabbir's professionalism, expert guidance, attention to detail, and proactive approach, we've streamlined our accounting processes, gained valuable insights into our financial health, and freed up valuable time to focus on delivering exceptional patient care.
Shabbir Hussain has been an invaluable asset because his cost-effective services, paired with his personal touch, have truly made a difference in our day-to-day operations. With his support, we've been able to focus more on providing top-notch IT solutions to our clients, knowing that our financial matters are in capable hands. We're grateful for their expertise and highly recommend them to any IT business seeking reliable financial management.