There are various pros to working as a Freelancer or Contractor; flexible working, generous pay rates and an overall sense of freedom to work on varied projects are all obvious advantages. The cons are just as numerous; lack of stability, no holiday or sick pay, moreover keeping up to speed with paperwork along with finding the right accountant are also often listed as bug bears.
When finding an accountant you have the option of enlisting the services of a traditional contractor accountant who relies on accounting software stored on his/hers (antiquated) desktop. Alternatively, you can choose an accountant who utilises cloud software.
The infographic below provided by Broome Affinity, specialists contractor accountants, aims to provide convincing reasons why it is beneficial to hire accountants who use cloud accounting to assist with your freelance business: