Is Being Freelance vs. Limited Company Better in the Entertainment Industry

Freelancer

Deciding whether to go freelance or operate as a limited company can significantly impact the careers of entertainment professionals. Each option offers distinct benefits. Freelancers often enjoy more straightforward accounting and tax processes. This allows them to focus on their craft without being bogged down by administrative complexities. On the other hand, limited companies offer […]

A Quick Guide to VAT Schemes for Smaller Businesses

If you’re a business operating in the UK, then the chances are you’ll have to register for VAT. And that can be a pain, both in terms of the processes and the financial burden –  but there are a number VAT schemes available that can simplify compliance or reduce the tax burden for certain types […]

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 […]