Is Being Freelance vs. Limited Company Better in the Entertainment Industry
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 […]
Changes to VAT Registration and Deregistration Thresholds
If you’re self-employed then the freedom of being your own boss, includes organising health insurance – but the question of claiming back costs from HMRC becomes more complex.
Google Ads and VAT: It’s Complicated
Google will bill you from Ireland for your Ads expenditure. Which makes VAT complicated…
What the Creative Industries Need to Know About the VAT Threshold Changes in the Budget
The dust, such as it was, has settled on the 2024 Spring Budget, and for many self-employed individuals and small businesses (SMEs), one key, and low-key, announcement was an increase in the VAT registration threshold. There’s a few things to think about: Value Added Tax (VAT) is a tax levied on most goods and services […]
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 […]
