Invoice factoring is a way that you can get extra finance in your company. As a company you will have many ways to make sure that you can meet your working capital requirements. This is even more so now with finance marketplace’s like Capitalise where you can connect your accounts and search for finance that is suitable for your business.
Read MoreThe UK officially left the EU on the 1st of January 2021 and since then the vat rules for charging vat on goods and services to EU countries has changed slightly. The EU is now treated as being outside of the UK vat system.
Read MoreA mission statement helps your business have a focus outside of the normal commercial world. It gives the business a greater relevance in the world that we live in. It is a statement to define how the company seeks to make the world a better place.
Read MoreThe term online accountants usually refers to accountants that provide their services using a variety of online software. They are normally doing the bookkeeping and accounts preparation in accounting software like Quickbooks or Xero and using a variety of third party apps to supplement them.
Read MoreDeciding how to pay yourself from your company requires a little bit of financial planning from a tax point of view. You are looking to keep to minimum the amount of tax you pay, but also do it in a way that is compliant. Finding the right mix of the payments that you take requires a bit of understanding about you and your company.
Read MoreThe IR35 or Off-payroll working rules are what HM Revenue uses to describe when an individual provides their services to another business through their own personal service company.
This employment chain can be quite simple in that it just involves the individual's personal service company and the end client, or it can be complex with a number of third parties involved. However long this chain is HMRC will look to see the end client that the individual is working for in this chain and a decision will be made if it is inside or outside IR35.
Read MoreIt is getting close to the time that you need to be sending your personal self assessment tax return to HM Revenue and Customs. The self assessment tax return form is something that everyone must do if they meet the following criteria
Read MoreWe offer a full range of accountancy services for creative freelancers and creative agencies.
We can help you complete and submit your accounts and tax returns to Companies House and HM Revenue and Customs
Read MoreWhere are you on your creative journey? Are you starting off as a freelancer or do you have your own creative agency? Knowing this will help you understand the help you need from an accountant. If you are just starting off, the help you need will be quite simple. You just need your accounts done and to know when you need to pay your taxes.
Read MoreA lifestyle business is something that is a business that give s the owner financial and creative freedom. Freedom to live the life that they want, to have the time to indulge their hobbies and passions. Time to spend with their family and the things that are important to them in their life.
Read MoreThere are a lot of apps that can make running your business easier. They can automate a lot of the boring admin stuff to leave you free to spend more time on your business. We have curated a list of our favourites that we think can help make your business run smoother and give you more time to spend on the creative projects that you love to do.
Read MoreBeing able to understand accounting terms and accounting concepts will help you in your business in the short term and the long term. You need to be able to understand the financial health of your company from its financial statements and the annual reports. These reports will help you see where your company is now and where it will be in future.
Read MoreThe Creative Industry reliefs consist of a number of tax reliefs targeted to companies that work in the creative arts. These include
Video Games
Films
Animations
High End Television
Children's television
In the past few years The Chancellor Rishi Sunak has announced tax increases that will affect small businesses and limited companies with Corporation Tax, Dividend Tax and National Insurance all in line for an increase. This has largely been in response to the Government's efforts to support business over the COVID-19 pandemic and to help pay for what the Government is calling the health and social care levy.
Read MoreThere are many different approaches to pricing that your agency can take, the one thing that you need to do is to get a pricing system in place that is consistent and that anyone if your company can use, not just you as the business owner your staff need to be able to do this as well.
Read MoreWhen you are looking to grow your business and earn more money, you will be looking to see your revenue grow. Increasing revenue is never easy. It will be something that you will continue to work on and refine during the lifetime of your business. But there are a few ways that you can maybe get a few quick wins to get you on your way.
Read MoreTaking time off work is one of the best things that you can do for your business. You have time to think, relax and see your business in a different light. You will have ideas what you want to do when you get back to work and you will come back relaxed and enthusiastic to carry out your plans.
Read MoreYou need to register for VAT when the sales for your business goes above £85,000 for any 12-month period. You can choose to register before you get to that amount if you want to, this is called a voluntary registration.
Read MoreOne of the first things to do is to obviously register your company. A limited company is a separate legal person to yourself. It can sign contracts and enter in to agreements. If the company fails and has to close you are largely protected from any losses.
Read More
