When To Go Full-Time With your YouTube Channel
Wow – if you are reading this blog as it comes out, then you will know what a strange time it is for creators. I am a YouTuber – or if you want, a vlogger – and I have been creating on YouTube for the past decade. Over the last couple of years, I have […]
Can YouTubers Claim Clothing as an Expense
The camera sees everything. Clothing, and looking good on camera, is an essential part of producing YouTube videos. So surely clothing is tax-deductible, right? Unfortunately, it is a little more complicated than you would think. YouTubers Can’t Generally Deduct Clothing As with most tax rules and guidelines, there are some exceptions to the rule. However, […]
Tax Overview
“There’s one for you, nineteen for me, ‘cos I’m the taxman” The Beatles, Taxman Developing a Habit of Putting Money Aside to Pay your Taxes The Beatle’s song, ‘Taxman’, might suggest that they were paying 95% tax but fortunately, I don’t think you’ll need to worry about that! However, if you’re newly self-employed or new […]
Should you Form a Limited Company
Many people working in showbusiness are self-employed. However, there are occasions when it might make more sense to form a limited company. But how do you know whether that’s the best choice, and what the potential advantages and disadvantages are? These will vary from person to person but here is an overview of just a […]
A Guide to Musicians’ Expenses
The excerpt above was the lament of the Kinks in the 1966 hit, ‘Sunny Afternoon’. But don’t let it happen to you! If you’re a self-employed musician, whether you’re a solo artist or part of a band, there are numerous expenses that you can claim against tax. Here’s a quick overview of what you can […]
Can Actors Deduct Travel Expenses
We all know the familiar feeling of traveling to an audition. Making sure that you don’t accidentally mess up the lucky audition outfit on the commute. Going over the sides to make sure you know them as thoroughly as possible. Double-checking your emails to make sure you are heading to the right studio. But do […]
The Pros and Cons of Registering for VAT – Film Industry
Should people in the film industry register for VAT? People in the film industry need to consider carefully whether or not it’s worth registering for VAT. For some, this isn’t an issue: if you’re self-employed and your taxable turnover is over £85,000 during a 12-month period, you must register. But even if you don’t earn […]
What Counts as Self-Employed Income
It’s the dreaded question at social events. The classic conversation starter to get the small talk rolling, but for us with more than one source of income, it becomes a minefield. “I’m an actor, but I also write for some blogs and do some advertising copy. Oh yeah, and my friend is starting a food […]
The Dangers of a Personal Service Company
In a well-publicised case, actor Robert Glenister recently found himself at the end of a lengthy battle with the taxman. In March, after nine years of legal wrangling, an Appeal court upheld a tax tribunal ruling and Robert lost the case. As a result, he’s been presented with a hefty bill for £147,000 plus interest […]
Do Child Actors Pay Taxes
Working with Children and Animals The old adage says that actors should never work with children or animals. I disagree – how else would we get the Home Alone movies and Babe? Not to mention Babe 2, Pig In The City. I have a family friend whose son, Adam, has recently been going into auditions […]
