Who Needs to Submit a Self-Assessment Tax Return
While this might not be much consolation, HMRC have projected that there will be 32.3 million of us in the UK expected to pay tax in 2020/2021 (based on their Survey of Personal Incomes statistics published by June 2020). However, think about our friends in the US, a summary of the latest IRS data provided by the Tax Foundation […]
5 Benefits to Filing your Tax Return Early
You may not know but a whopping 11.1 million people submitted a tax return in January 2020! 10.4 million of those were online, now that’s a lot of self-assessments to get through. I appreciate that the massive curve ball we’ve been served this year has meant that tax returns might not be at the forefront […]
What Can YouTubers Claim as Expenses
Navigating allowable expenses is essential for YouTubers looking to maximise their tax efficiency. YouTubers can claim expenses such as equipment costs, software subscriptions, travel related to content creation, and a portion of home office expenses. These claims must be directly tied to their channel’s business activities to be considered legitimate by taxation authorities. Understanding which […]
Overview of Expenses A Model Can Claim
Here at The Showbiz Accountant we work with many models and understand your income streams and allowable expenses. You may not be aware but in relation to tax deductible expenses, each profession is unique! This can bring complexities; however with our specialist help you can rest easy. For models navigating the world of taxes, understanding […]
What Can Actors Claim on Their Taxes
As an actor, you can save a very considerable amount of money by writing off expenses related to your acting career. But when it comes to deducting business expenses, what exactly can you claim? We’ve done a quick FAQ on some common expenses for actors below that we hope will help guide you on the […]
Overview of Expenses Sports Professionals Can Claim
Here at The Showbiz Accountant we work with many sports professionals and understand your income streams and allowable expenses. You may not be aware that as a professional sports player you can claim a ‘sports player tax refund’ on your expenses. This can bring complexities so why not let us take away any tax burden, see our […]
Can Actors Take Temporary Work and Still Claim Expenses
Well, it looks like this crazy year is not letting up. Everyone is having a rough go of it, of course, but I have to say the future feels pretty bleak for us actors. Some of the on-camera gigs are starting to trickle in with sets opening up and filming taking place under extreme caution, […]
Expenses Most Authors Don’t Know they can Claim
“Taxation is just a sophisticated way of demanding money with menaces.” Terry Pratchett, Night Watch This line was from his fantasy novel that won the 2003 Prometheus Award, but when it was suggested his book had “darker” themes, he said: ‘A dark book, a truly dark book, is one where there is no light at the […]
Paying Taxes on a Child’s YouTube Channel Earnings
Children can earn serious money on YouTube Anyone, can pick up a phone and film something these days. Anyone can then upload these videos to YouTube and start a channel. And anyone can start earning money on YouTube, And when we say anyone, we mean anyone – a significant proportion of YouTubers are children under the age of […]
How to Earn Money on YouTube
Chances are, if you’ve recently created and published a blog or vlog, then you’re likely to have to wait to reap any decent revenue so what do you do about covering your expenses in the meantime? You don’t have to be a financial wizard to work out what businesses have faired better since lockdown. In […]
