What Additional Incomes Can I Create as a Virtual Assistant (VA)?

As a Virtual Assistant (VA) in the UK, finding ways to create additional income for your Virtual Assistant business is a crucial step toward building a sustainable and profitable business. Expanding your service offerings through a collaboration with BarrettStacey Accounting can help you achieve this goal. By seamlessly adding Bookkeeping, Accountancy Services, Self Assessment, and Annual Accounts preparation for Limited Companies to your portfolio, you can create additional income for your Virtual Assistant business while providing greater value to your clients.

If you are starting out as a Self-Employed Virtual Assistant (VA), this is the perfect opportunity to create additional income for your Virtual Assistant business by expanding your service offerings.

If you are a tech VA, that’s even better! You specialise in tech, and we specialise in Bookkeeping and Accountancy. Together, we can provide your clients with a comprehensive range of services that allow you to stand out as the go-to VA for your clients, creating additional income for your Virtual Assistant business in the process.

Why We Created This Collaboration

The Evolution of the VA Industry

The Virtual Assistant (VA) industry has grown significantly over the past decade, driven by increasing demand from small businesses and entrepreneurs for flexible, specialised support. In today’s competitive market, VAs are expected to offer multifaceted services that go beyond traditional administrative tasks. Adding financial services to their portfolio aligns perfectly with these industry trends, enabling VAs to remain competitive and meet evolving client needs.

Key Trends in the VA Industry

1. Increased Specialisation: Clients are now seeking VAs with niche expertise, such as digital marketing, content creation, and financial management. By collaborating with BarrettStacey Accounting, VAs can easily add bookkeeping, accountancy, and cash flow forecasting to their list of services without requiring additional training or certifications.
2. Integration of Technology: Modern VAs rely heavily on technology to streamline workflows and enhance efficiency. This aligns with our use of cutting-edge financial tools to deliver top-tier services to your clients, helping VAs position themselves as tech-savvy, multifaceted professionals.
3. Remote-First Operations: The VA industry thrives in a remote-first environment, providing flexibility for both VAs and their clients. Our fully remote team complements this approach, ensuring seamless collaboration and support regardless of location.
4. Client Demand for Comprehensive Support: Businesses increasingly prefer working with VAs who can offer comprehensive solutions. Financial services are a natural extension of this, helping VAs meet client expectations while generating additional Income for Virtual Assistants.

By keeping up with these trends, VAs can future-proof their careers, build long-term client relationships, and maximise their earning potential. Partnering with BarrettStacey Accounting ensures that VAs have the resources and expertise to thrive in this evolving industry.

Why Would You Work With Us?

We are a strong team with a mix of qualifications, including ICB, AAT Level 3 and 4, and ACCA. We take communication seriously. Every single client has a dedicated WhatsApp group with the relevant team members to assist them with any queries.

We utilise the latest technology to ensure we are as streamlined as possible. You’ll never face surprise bills as we believe in transparency. As a fully remote team, we serve clients across the UK.

Our team is friendly and approachable—we love an emoji ☺️.

Don’t just take our word for it—check out our fantastic Google Reviews.

We’ve always been passionate about empowering small businesses and entrepreneurs to thrive. Over time, we noticed a growing demand from Virtual Assistants (VAs) for high-quality bookkeeping and accountancy support. Many VAs expressed a desire to offer these services to their clients but lacked the resources or expertise to do so themselves. This gap inspired us to create this unique opportunity for to set up this collaboration so we can create additional income for Virtual Assistants.

We saw an opportunity to bridge this gap. By creating this collaboration, we aim to:

1. Empower Virtual Assistants: Helping VAs expand their service offerings without the stress of managing additional workloads or navigating complex financial regulations enables them to create an additional income.
2. Support Small Business Growth: Many small businesses rely on Virtual Assistants (VAs) as their trusted advisors. By equipping VAs with the ability to offer bookkeeping and accountancy services, we’re contributing to the financial stability and success of these businesses while generating an additional income for Virtual Assistants.
3. Foster Professional Communities: Collaboration is at the heart of our business philosophy. By bringing together VAs and our accounting expertise, we’re building a supportive network that encourages referrals, mutual growth, and an additional income for Virtual Assistants.
4. Simplify Financial Management: Bookkeeping and Accountancy can be overwhelming for small business owners. Our collaboration ensures that clients receive accurate, timely, and professional financial support through their trusted VA, creating value and an additional income for Virtual Assistants.
5. Provide a Win-Win Solution: This partnership benefits everyone involved. VAs gain an additional Income and businesses receive top-notch financial services, plus we get the satisfaction of helping their clients succeed.

We started this collaboration late in 2024, and we are so excited about the impact it’s already creating. We have lots of plans for this partnership model to continuously grow and offer even more opportunities for Virtual Assistants in the UK.

Expanding Your Services Without the Extra Work

Imagine offering your clients a wide range of professional services, all without having to perform the tasks yourself. Through a partnership with BarrettStacey Accounting, you can create an additional income for your Virtual Assistant/VA business while letting us handle the work. Here are the services you can provide:

1. Bookkeeping Services:

Accurate bookkeeping is essential for maintaining a healthy financial system. By outsourcing this task to BarrettStacey Accounting, Virtual Assistants (VAs) can offer clients a seamless solution to keep their records up-to-date and compliant. This service is particularly valuable during tax season, as clients won’t have to scramble to organise receipts or invoices.

Example: A client struggling to track expenses can benefit from a streamlined system managed by experts, giving them clarity and control over their finances.

1. Accountancy Services:

From Self Assessment to comprehensive Limited Annual Accounts Submission, our Accountancy services take the stress off small business owners. Virtual Assistants (VAs) offering these services can stand out as a one-stop solution for administrative and financial tasks, creating an additional income for Virtual Assistants.

Example: A freelancer unsure about filing their Self Assessment can rely on your services to ensure compliance and avoid HMRC penalties, further enhancing your reputation as a problem solver.

1. Limited Company Annual Accounts Submission:

Preparing annual accounts is a legal obligation for Limited Companies in the UK. BarrettStacey Accounting ensures this process is efficient and accurate. Virtual Assistants (VAs) can offer this service and ensure they help clients meet statutory requirements without hassle (the VA can handle all our queries with their client also, ensuring it’s an ultra smooth process for their clients, while also creating additional income for their VA business.

Example: Helping a Limited Company meet its deadlines not only prevents legal issues but also builds a reputation for reliability and professionalism.

1. Credit Control:

Late payments can severely disrupt a small business’s cash flow. Offering credit control services allows Virtual Assistants (VAs) to become invaluable assets to their clients, creating an additional income. BarrettStacey Accounting handles invoice tracking, reminders, and follow-ups, ensuring clients get paid on time.

Example: A graphic designer frustrated by unpaid invoices can rely on your services to recover funds efficiently, stabilising their cash flow and fostering growth.

1. Goal Setting and Tracking:

Goal setting is critical for business success. BarrettStacey Accounting provides tools to help Virtual Assistants (VAs) empower clients in defining, tracking, and achieving their financial and operational objectives, creating additional income for Virtual Assistants in the UK.

Example: A small e-commerce business can benefit from clear quarterly sales targets, tracked using our tools. As a VA, you can guide clients through reviewing progress and adjusting strategies.

1. Cash Flow Forecasting:

Cash flow forecasting gives clients a clear view of their financial future. This service allows businesses to plan ahead for expenses, investments, and unexpected costs. Virtual Assistants (VAs) who offer this service can help clients feel more in control of their finances while creating additional income.

Example: A restaurant owner planning to expand can make informed decisions by understanding when they’ll have sufficient cash reserves for renovations.

The Top 4 Services Commonly Outsourced

As businesses grow, many small business owners find they need to outsource tasks to professionals who can handle them more efficiently and effectively. This trend creates a great opportunity for Virtual Assistants (VAs) to position themselves as indispensable partners. Here are the top 4 services businesses often outsource:

1. Accounting and Bookkeeping
   Managing finances is one of the most commonly outsourced tasks, as many business owners prefer to focus on running their businesses rather than dealing with complex financial management. The cost to recruit an in-house Accountant and Bookkeeper can be very high for a small business. By collaborating with BarrettStacey Accounting, VAs can provide these critical services without needing to do the work themselves, ensuring businesses stay compliant and financially healthy.
2. PR and Marketing
   Businesses increasingly rely on specialists to build brand awareness and manage online presence. Many Virtual Assistants already offer social media management and email marketing, but by partnering with experts, they can provide more comprehensive PR and marketing support.
3. Human Resources
   Tasks such as payroll, recruitment, and employee management are often outsourced to save time and ensure compliance with regulations. Virtual Assistants who connect with HR specialists or offer these services themselves can expand their client base and revenue streams.
4. Administration
   Traditional VA services like scheduling, data entry, and client communication remain highly sought after. By offering additional support services like goal tracking or credit control, VAs can create even more value for their clients.

Find out more about what the British Business Bank has to say about outsourcing. Here is their blog.

Why Does This Matter for VAs?
By focusing on these key outsourced services, Virtual Assistants can meet their clients’ evolving needs, especially when partnering with a fully remote accountancy practice like BarrettStacey Accounting, which supports small businesses across the UK. We were on a call with a VA recently who lost a prospect, because they didn’t provide bookkeeping services. By collaborating with us, you can offer these services without doing the work, knowing that it has been handled by bookkeepers who have invested a lot of their time in studying and passing AAT/ICB exams.

Common Misconceptions About Outsourcing

Outsourcing is often misunderstood by Virtual Assistants (VAs) and small business owners, which can lead to hesitation about leveraging its benefits. By addressing these common misconceptions, we aim to provide clarity and demonstrate how this collaboration simplifies processes and creates opportunities for an additional income for Virtual Assistants.

Myth 1: Outsourcing is Only for Big Businesses

Many people believe outsourcing is only viable for large corporations. In reality, outsourcing is a valuable tool for small businesses, allowing them to access expertise and streamline operations without the overhead costs of hiring in-house staff.

Reality: Our collaboration provides small businesses with professional financial services, enabling them to scale efficiently and affordably.

Myth 2: Outsourcing Means Losing Control
Some worry that outsourcing tasks will result in a lack of oversight or diminished quality.

Reality: With BarrettStacey Accounting on your side, you remain in control. We work closely with you and your clients, providing regular updates and ensuring that your clients’ expectations are met with precision and care.

Myth 3: Outsourcing is Expensive
There’s a misconception that outsourcing comes with hidden fees or high costs.

Reality: Our pricing model is transparent, with no surprise bills. This ensures you and your clients know exactly what to expect, making outsourcing a cost-effective solution.

Myth 4: Outsourcing is Impersonal
Some worry that outsourcing removes the personal touch clients value.

Reality: We prioritise communication. Every client has a dedicated WhatsApp group with relevant team members, ensuring queries are handled quickly and professionally.

By debunking these myths, we hope to encourage small businesses to embrace outsourcing as a smart, scalable way to grow their businesses.

Making Tax Digital (MTD) for Income Tax Self Assessment

Making Tax Digital (MTD) for Income Tax Self Assessment is set to take effect in April 2026. This change means sole traders and landlords will need to keep digital records and submit their income tax information quarterly. With these new requirements, many sole traders and landlords will seek bookkeepers and accountants to help them stay compliant and organised.

Virtual Assistants (VAs) who collaborate with BarrettStacey Accounting can offer these essential services to their clients, positioning themselves as indispensable resources for navigating MTD requirements. This is an incredible opportunity to create Additional Income for your Virtual Assistant business by helping businesses transition to digital systems with ease.

Example: Imagine being the go-to VA who ensures your clients are prepared well in advance for MTD, avoiding last-minute stress and penalties. By leveraging BarrettStacey Accounting’s expertise, you can confidently offer this service while growing your income.

For more details about Making Tax Digital, visit the HMRC website.

Frequently Asked Questions (FAQ) About the Partnership

1. How do I get started?

Getting started is simple. Choose your package here, and we’ll guide you through the onboarding process. You’ll have access to tools, templates, and step-by-step instructions to integrate our services into your offerings seamlessly.

2. Do I need financial expertise to offer these services?
   Not at all! BarrettStacey Accounting handles all the financial work. Your role is to connect clients with our services and share resources that explain how we can help them. We also provide marketing materials to make this easier for you.
3. What is the time commitment for this partnership?
   The time commitment is minimal. Once set up, promoting the partnership and referring clients can be integrated into your existing workflow without disrupting your current tasks.
4. How will I earn commission?
   You will earn a percentage of the fees from every client you refer who signs up for our services. Our commission structure ensures sustainable income streams for Virtual Assistants. Check out our packages here.
5. What marketing support is available?
   We provide fully customisable Canva templates for social media – you get a 30 day content plan, pre-written newsletters, to help you promote these services effectively. 5 x Freebies to give you your clients. Check out the blog here.
6. Can I tailor the services I offer to my clients?
   Yes! While BarrettStacey Accounting handles the financial side, you can customise how you present these services to align with your personal brand and your clients’ needs. Add your services too, your clients will love you!
7. What if my client has unique financial needs?
   We are happy to collaborate with you to address unique client requirements. Our flexible approach ensures we can accommodate a wide range of industries and business types.
8. Is there a minimum number of clients I need to refer?
   No, there’s no minimum requirement. You can refer as many or as few clients as you wish, and you’ll still benefit from the commission structure.
9. What happens if I’m not satisfied with the partnership?
   We are committed to supporting you and ensuring a successful collaboration. If you have concerns, our team is always available to assist and adapt the partnership to meet your expectations. We are in early days of this new scheme we call it BETA mode, so we really appreciate any feedback. We do know this works though, as we work with a VA company that has a team of 20 VA’s and we have worked together for a few years.

By collaborating with BarrettStacey Accounting, you can expand your business, offer premium services, and position yourself as the go-to VA company that offers financial expertise as well as the services you specialise in, creating consistent an additional income for your VA business. Let’s grow together!