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Tax Return for IT Support Specialist


Specialist Accountants for IT Support Specialist

Tax Return for IT Support Specialist

In the age of computers and the internet, there isn’t a single company in existence, big or small, that doesn’t rely on technology.

Luckily for you, as somebody thinking about becoming a freelance IT support specialist, it means there are plenty of companies that require IT support.

So working as an IT support specialist can be a lucrative career.

Large corporations will have their own in-house IT departments, but smaller businesses, and other freelancers like you, either can’t afford full-time IT support, or they just don’t need it.

They’ll instead pay a freelance IT support specialist whenever a need arises.

Home users

And don’t forget that with new technologies constantly coming into people’s homes, making their needs more complex, they’ll be more likely to need IT support.

And of course, a home user isn’t going to pay for a full-time IT support employee. They’ll come to you when they have an IT problem.

Keeping up with the latest IT news

Obviously, you need to know a lot about technology. But since new technology is constantly coming into existence, keeping up with it is a continuous process.

To be a freelance IT support specialist, you’ll need to take a strong interest in what’s happening in the IT and technology industry, so make sure you keep up with the latest news.

Learning to be a better IT support specialist

Malfunctioning technology is one of the most frustrating things in the modern world.

When a client’s internet goes down, they’re going to be pretty annoyed. It’s important you don’t exacerbate this by not knowing what you’re doing. They really won’t be happy if the best advice you can give is the dreaded ‘have you tried turning it off and back on again?’

So a good freelance IT support specialist will do everything they can to keep up with the latest knowledge.

You should also try to keep up with all the latest qualifications. Not only will you learn to become a better IT specialist, it’ll give you extra credibility in the eyes of your clients.

IT consultancy

As an IT specialist, your knowledge not only means you can fix clients’ technology problems, but you could also offer to help businesses and individuals set up their IT systems.

You can charge a consultancy fee for this, and as an added bonus, if you do a good job, they’ll come back to you whenever they need an IT problem fixed.

Moving from full-time employment to a freelance career

You might be excited to jump into your lucrative new career as a freelance IT support specialist, but slow down.

It’ll take you a while to build up a list of clients big enough to support yourself and/or your family full time.

Most freelancers start off by sticking to their full-time job while doing freelance work in their spare time.

Doing it this way means you can still support yourself financially while building up your list of clients and contacts.

Accounting as a freelance IT support specialist

There are various benefits to freelancing as an IT support specialist, from the freedom and flexibility to work with a variety of businesses and individuals to more take-home pay.

But there is one downside – accounting.

As a full-time employee, your tax is usually taken care of on your behalf in the form of PAYE.

As a freelancer you’ll have to keep a range of financial records and then prepare and pay a Self-Assessment tax return at the end of each business year.

Accountancy can be very confusing and can distract you from your work as an IT support specialist.

Getting tax and accountancy advice

With most accountants, you’ll pay them to do your year-end accounts, and then they’ll forget about you until the next year.

But for your business to be run smoothly and successfully, you’ll need advice on tax and accountancy throughout the year, especially in the early days.

Pearl Accountants is different

Pearl Accountants provides an affordable and specialist accountancy service designed just for freelancers.

Throughout the year we’ll be on hand to give you any tax and accountancy advice you might need, including things like:

  • Take-home pay
  • Which VAT scheme to register for
  • Expenses
  • Tax allowances
  • Choosing between sole trader and limited company
  • Running your business in a tax-efficient way

We charge for our accountancy services in a clear and simple way, which means you’ll never receive an unexpected bill, and you can get in touch for advice whenever you want without the worry of being charged a fortune like you would with many other accountants.

Get in Touch for a FREE Consultation

Get in touch for more information and advice 

Schedule a meeting for a free consultation.

Accountants London
Company Registration No. 07078392