Keeping you tax relevant
Although online content creation is relatively new, it has the potential to be high-earning, and equally high-demanding on your time and creativity. And with scope for endorsement and side hustles, you may have multiple income streams, which can make accounting quite complex. So, whether you’re building a following devoted to remote travel destinations, a DIY guru or a fashion blogger, let us take the legwork out of your accounts and taxes, leaving you free to unleash your best creative self.
What can content creators claim for?
Expenses are defined as being necessary for the operation of your business. Here are some examples of typical tax deductions available for online content creators:
- Clothing, makeup and props - if purchased wholly and exclusively for the purpose of work, including for rehearsals and auditions.
- Travelling for research - train tickets, petrol costs
- Computer and other devices - laptop, tablet, mobile phone, printer, flash drives
- Household bills - if you use your home as a home office
- PPE and other safety equipment - if necessary to keep your workplace safe
- Education and accreditations - relevant to your profession
- Subscriptions and memberships - software, profession-related periodicals or websites and organisations such as Director UK or Spotlight
- Agent fees
If you are self-employed and work from home then we can advise you on household costs which can be offset including heating, using a room as an office and phone services.
Start making your money perform
Contact us for confidential advice and a no-obligation review on any aspect of accounting for people working in the entertainment industry.
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