How to Find the Perfect Accountant for Creatives
Working in a creative job can be incredibly rewarding.
Whether you own a creative limited company, or you are a creative sole trader, which many creatives are, you likely love what you do for a living, getting to use your creative flow to help companies achieve their business needs.
What creative people tend to not enjoy is doing their own tax bill.
Here, we will discuss how creative accountants can help reduce your costs and make your tax returns quick and easy.
Do I Need to Complete a Self-Assessment Tax Return I Work in a Creative Industry?
Ultimately, whether or not you need an accountant depends on your employment status within the creative industry.
If you run your own creative businesses, or you are self employed, then you must complete a self-assessment tax return. If you are employed full-time, then you don’t need to worry.
The Potential Penalties For Self-Employed Creative Professionals Who Miss Their Tax Deadline
Depending on the nature of your missed deadline, and how long it takes you to pay, you may be served with significant penalties.
- Late payment penalty
- Interest charges:
- Damage to credit score
- Collection actions
- Criminal penalties
The Challenges Creative Businesses and Individuals Face When Completing A Self-Assessment Tax Return
Trying to handle your own accounting tasks is incredibly frustrating and time-consuming, and often goes against everything you enjoy doing as a creative person.
If you do opt to do your own tax returns, here are some of the issues you might face:
- Complex tax regulations
- Record keeping
- Tax liabilities and deductions
- Income sources
How can Creative Industry Accountants Help?
Tax compliance: Tax accountants who specialize in working with creatives have an excellent understanding of tax laws and regulations that apply to you.
Tax planning: Tax accountants are able to implement tax-efficient strategies to reduce your tax liability.
Financial planning and strategic financial management: Tax accountants will deal with your financial records, setting up systems that make it much easier to track your income and expenses.
Audit accountancy support: If the HMRC decide that they want to audit your accounts, an accountant can represent you or your creative agency, to ensure they receive everything they need in a timely manner.
How AccountantFor Can Help Your Creative Business With Your Tax Returns
Our match-making system will put you in touch with accountants for creatives to ensure you talk to someone who understands your business and the costs associated with it, and can offer advice that suits production companies or other creative mediums.
The best part? It doesn’t cost you a penny.
All you need to do is click here.
Get Matched With the Perfect Tax Accountant for Creative Industries Today
What Do Others Say About AccountantFor’s Accountancy Services
As a creative, my mind thrives when wandering in worlds of imagination, not lost in spreadsheets and tax returns. Discovering AccountantFor was a revelation. They connected me with an accountant who appreciates the unique financial nuances of the creative industry. Now, I have the freedom to focus on my art, confident that my finances are meticulously managed. Thanks to AccountantFor, I can let creativity flow, unburdened.— Sophia N., Visual Artist & Illustrator.
Find Accountants Who Specialise in the Creative Sector in Five Simple Steps
Tell us about your work: To begin, we will ask to learn a little more about your business, to pair you with accounting services that specialise in your industry.
Tell us about your average turnover: Next, we will use your turnover to pair you with tax experts who deal with businesses of your size. We do this for creative agencies or solo entrepreneurs.
Tell us what services you are interested in: Next, we will ask you to tell us more about what are looking for, whether it is help with financial processes, business planning support, or payments assistance, for example.
Tell us where you want your accountant to be located: You can decide which country you want your accountant to be based in.
Tell us your details: Provide your name and contact information so that we can provide you with your unique quote.
Frequently Asked Questions About Tax Deductions and Returns
AccountantFor has a wide collection of accountants available from across the globe, allowing you to opt for an accounting service that understands creative business finances and is an expert in creative industries.
If you are a freelancer working in creative industries, or you run your own creative agency, having an accountant in your corner can help you keep on top of outstanding invoices, save money, and meet your business goals.
The term “creative businesses” covers such a wide variety of topics that it can be hard to find an accountant that understands your business.
However, with the AccountantFor match-making system, you can quickly discover accounting services that perfectly suit your work.
Creatives Accountancy Services
AccountantFor provides a comprehensive range of accountancy and tax services for creatives through our exclusive network of vetted accountancy talent within the United Kingdom.
– Statutory accounts
– Management accounts
– Financial planning
– Business plan
– Growth modelling
– Tax investigation service
– Capital gains tax
– Tax advice and consultancy
– Company formation
– Registered office address
– Payroll services
– Corporation tax