The Showbiz Accountant

Being #selfemployed in the creative industry offers unparalleled freedom. However, it also comes with unique risks that can derail your career and finances. So #insurance choices are crucial. https://lnkd.in/e_czQJWy

As a #selfemployed individual, securing your financial future is paramount. One of the most effective ways to do this is through #pension planning. While the self-employed don’t have access to #workplacepensions, they can still take advantage of a variety of options. https://lnkd.in/edTuz5Yq

The government’s recent changes to non-domiciled (#nondom) tax status have significantly impacted high-net-worth individuals and professionals working in the UK. While the traditional non-dom regime is being phased out, there are still strategic approaches to manage tax liabilities and optimise financial planning. You have options. #hnwi #tax #budget https://lnkd.in/eyDGK5Q7

Can #salarysacrifice work for the #selfemployed? https://lnkd.in/ezJcDnyv

The quick guide to giving #equity to your senior management: It can be a powerful tool for aligning interests, incentivising performance, and attracting top talent in a small company.  But, as you might imagine, it’s complicated... https://lnkd.in/e46RVg77

When it comes to paying directors, companies often face a complex interplay of financial and tax considerations. The goal is to compensate directors fairly while minimising the tax burden on the company. And there’s a whole number of ways to approach this. https://lnkd.in/ehbpyTm9

For smaller firms and sole traders, simplicity is often best. That simplicity can often be compromised by terminology that seems designed to confuse. But we can simplify the language that explains how we can simplify your financial reporting. https://lnkd.in/e7WDRVh7

If you’re a UK resident who has paid taxes on your overseas income, you may be eligible for a foreign #tax credit. This credit can help reduce your UK tax liability by offsetting the foreign taxes you’ve already paid. Which is nice. https://lnkd.in/ehX6Ztmm

Last week, at the London Film Festival, the government announced a set of initiatives designed to boost the UK’s creative sector – which could be genuinely exciting news for independent filmmakers and production and visual effects craftsmen. It might even benefit you. #film #creativeeconomy https://lnkd.in/eBdtkRVX

As a #selfemployed individual, it’s crucial to understand your tax obligations, especially when it comes to reporting income from #sidehustles. Failing to declare all your relevant income can lead to penalties and interest charges. https://lnkd.in/eWEkny93