Accountant for OnlyFans Creators
Helping You Manage Your Finances So You Can Focus on Creating Content
Running an OnlyFans business is more than just creating content—it also requires effective financial management. Whether you’re new to the platform or already generating significant income, understanding HMRC tax obligations and managing expenses efficiently is essential.
At Swan Books, we specialise in accounting for OnlyFans creators, helping you with self-assessment tax returns, VAT compliance, expense tracking, and tax planning. Our goal is to ensure your finances are well-managed, so you can focus on what you do best—growing your brand and engaging your audience.
Key Accounting Considerations for OnlyFans Creators
Registering with HMRC – If you earn income through OnlyFans, you must register as self-employed or set up a limited company. We can guide you through the registration process and help you decide on the best structure.- Income Tax & National Insurance – As a self-employed creator, you’ll need to pay Income Tax and National Insurance (Class 2 & Class 4) on your profits. Our tax planning ensures you set aside the right amount.
- VAT Compliance – If your total earnings exceed £90,000 per year, you must register for VAT. We can assist in VAT registration, ensure compliance, and help you claim VAT on eligible business expenses.
- Keeping Accurate Records – HMRC requires you to keep detailed financial records. We help implement simple bookkeeping solutions to track income and expenses efficiently.
- Avoiding Late Penalties – Your self-assessment tax return must be submitted by 31st January each year. We ensure timely filing to prevent fines and penalties.
Registering with HMRC – If you earn income through OnlyFans, you must register as self-employed or set up a limited company. We can guide you through the registration process and help you decide on the best structure.Why Choose Swan Books?
Swan Books are entirely women-led, with over a 17 years of experience in providing accounting services to adult and OnlyFans content creators. Swan Books understands the specific financial challenges and opportunities within this industry, and our clients have consistently praised our approachable, thorough, and tailored services. Our commitment to your success is reflected in our client testimonials and our consistent high ratings.
There’s a reason we have nothing but 5 star reviews on Google.
Trustindex verifies that the original source of the review is Google.Charlie Baxter2025-02-06Stacey has been my accountant for 2 years now after having returned from setting up an online business in Australia and I can't recommend her enough! As each tax deadline approaches, she has been incredibly helpful, taking the time to explain things I’ve always found difficult to understand. She also tidied up my Xero accounting (a multiple currencies one 🤢), which I had left in a bit of a mess, and made sure everything was in order. On top of that, she helped me identify legitimate business expenses I could claim, which was a huge help. Highly recommend!Trustindex verifies that the original source of the review is Google.Jessica MacMillan2025-01-31Oh, Stacey where do I even begin? I first met Stacey in August 2024, and from that moment, I knew I wanted to switch accountants. Her presence is simply incredible. She’s not only extremely knowledgeable but also genuinely supportive of both you and your business, always striving to achieve the best outcomes. I’m so grateful to have met her and can’t wait to grow my business with Stacey by my side!Trustindex verifies that the original source of the review is Google.Tom Alderton2025-01-28Stacey is the best around 🙂Trustindex verifies that the original source of the review is Google.Sophia Kelleway2025-01-28Stacy was fantastic with helping me sort out my self assessment, she made it so easy for me to understand and she was so easy to talk to. I can't recommend her enough🥰🥰 xxTrustindex verifies that the original source of the review is Google.Alin Lebanov2025-01-28I cannot praise enough the quality of services offered by Stacey @ Swan Books along with her team. This is the first time I'm using their services and I would recommend them 100%. The whole process was so straight forward and the communication crystal clear. Definitely going ahead with them for the next financial year!Trustindex verifies that the original source of the review is Google.Ash2025-01-28Excellent service thanksTrustindex verifies that the original source of the review is Google.Kirbie Shrimpton2025-01-22Stacey & her team are beyond helpful! I could not recommend them more, no question is a silly question! They make being a sole trader EASY! Soooo happy i found them!!Trustindex verifies that the original source of the review is Google.Harry Couture2025-01-14Brilliant service - I had a few complications that were easily ironed out and explained by Stacey. Would recommend to anyone!Trustindex verifies that the original source of the review is Google.Gina Toyer2025-01-08Brilliant and patient accountant highly recommendTrustindex verifies that the original source of the review is Google.Ian Bement2025-01-03Great service, kept fully informed of when things would happen. Can't fault Stacey for the way she dealt with our tax returns. First time using Stacey, everything straight forward and all information presented to us in an easy to read/understand format.
Our Process
Initial Consultation
Understand your business, your challenges, and your aspirations.
Onboarding
Seamless integration with your existing systems, training provided if necessary.
Tailored Solutions
We propose a bookkeeping solution adapted to your unique needs.
Regular Check-ins
Periodic reviews to ensure your financials are on track and to address any concerns.
Year-End Finalisation
Ensure everything is aligned, compliant, and ready for HMRC submissions.
Solutions We Use
We leverage cutting-edge accounting software to provide seamless financial management and reporting:
- Xero: For real-time financial tracking and insights, ideal for small businesses that value accessibility and efficiency.
- QuickBooks: Offering an intuitive platform for bookkeeping and financial management, perfect for keeping small businesses informed.
- Sage: Known for its comprehensive features that cater to more complex small business needs, from payroll to inventory management.
- Dext: Streamlining document management and expense tracking, ensuring that every financial transaction is captured accurately.
Should You Register as a Sole Trader or a Limited Company?
The structure of your business can impact tax efficiency and financial protection.
- ✅ Sole Trader – Easier to set up, profits are taxed through self-assessment. However, you are personally responsible for any debts.
- ✅ Limited Company – Offers limited liability and potential tax savings. Instead of paying Income Tax on all profits, you pay Corporation Tax (19%), which can be more tax-efficient.
Not sure which is best for you? We can advise on the best business structure for your needs.
Understanding VAT for OnlyFans Creators in the UK
If you’re an OnlyFans creator in the UK, you may need to register for VAT if your taxable earnings exceed £90,000 in a rolling 12-month period. VAT (Value Added Tax) is charged at 20% and applies to most goods and services, including digital content.
How VAT Works for OnlyFans Creators
Unlike traditional businesses, OnlyFans handles VAT on behalf of non-registered creators. This means:
- If you are not VAT-registered, OnlyFans collects and pays VAT directly to HMRC, and you don’t need to take any action. However, VAT is added to your subscription price, meaning your fans pay slightly more.
- If you are VAT-registered, OnlyFans treats your earnings as VAT-inclusive, meaning:
- You effectively provide your services to OnlyFans, not directly to fans.
- Your creator earnings (80% of Fan Payments) are considered VAT-inclusive.
- You must charge VAT on your earnings and submit VAT returns to HMRC.
- OnlyFans will pay the VAT amount separately to you, but only if you:
- Provide your VAT registration number.
- Generate and submit VAT invoices using the OnlyFans VAT invoice tool (link).
- File your VAT return with HMRC.
If you’re earning close to the VAT threshold or considering voluntary registration, seeking professional tax advice can help you manage VAT obligations effectively.
For more details, visit HMRC VAT registration guidance or OnlyFans VAT support.
What Can OnlyFans Creators Expense?
Managing your expenses efficiently helps reduce your tax bill and keeps your business financially healthy. Below are common allowable expenses for OnlyFans creators:
Equipment & Production Costs
- Cameras, lighting, tripods, and microphones
- Editing software and production tools (e.g., Adobe Premiere Pro, Final Cut)
- Props, costumes, and accessories
- Memory cards, hard drives, and cloud storage
Workspace & Home Office Costs
- A portion of rent or mortgage payments (if you work from home)
- Electricity, heating, and water bills (proportionate to business use)
- Wi-Fi and phone bills (if used for business)
- Office furniture (desk, chair, backdrops, etc.)
Personal Presentation & Maintenance
- Beauty treatments, skincare, and hairdressing (if necessary for content creation)
- Makeup, nail treatments, and tanning
- Gym memberships (if fitness is part of your content)
Marketing & Advertising
- Paid social media promotions (Instagram, TikTok, Twitter ads)
- Website hosting and domain fees
- SEO and digital marketing services
Travel & Accommodation
- Train, taxi, and fuel costs for business-related travel
- Flights and hotels for content creation or collaborations
- Short-term rental or studio hire for filming locations
Professional Services & Compliance
- Legal and professional fees (e.g., contracts, compliance advice)
- Public liability insurance (if filming in public spaces)
- Accounting & bookkeeping fees (ensuring compliance and maximising tax efficiency)
💡 Keeping receipts and accurate records is crucial when claiming expenses. We help ensure everything is accounted for correctly.
Our Pricing
At Swan Books, we tailor our pricing to fit your business’s specific needs. Our bookkeeping services ensure that your business finances stay up-to-date using leading cloud accounting software like Quickbooks or Xero. Whether you prefer monthly or quarterly updates, we keep you informed about your business profits consistently. We cover all areas of bookkeeping, ensuring thoroughness and precision.
The pricing for our bookkeeping services varies based on the volume of transactions each month. For a customised quote and a detailed breakdown, please contact us.
Registration
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Registration of you and your business self employment with HMRC.
Self Assessment Tax Returns
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Preparation of tax calculation, preparation and submission to HMRC and financial statements
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Prices may vary based on your business records. Please get in contact for a free consultation.
Bookkeeping
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Keeping your business finances up to date with cloud accounting software Quickbooks or Xero. Monthly or Quarterly updates providing you updates of business profits. All areas of bookkeeping undertaken.
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Prices vary permitting to volume of transactions each month.
Books Clean Up
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If your accounts are in need of a tidy up and you want to upgrade your internal procedures for easier processes, you have come to the right place!
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Prices vary client by client, please get in touch to discuss further.
VAT Returns
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Quarterly VAT returns prepared and submitted with Making Tax Digital compliant software with all deadlines met.
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Prices start from £175.00 per quarter
Power Hour
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One to one power hour discussing your business accounting and how to make improvements to make your finances run more efficiently within the cloud software of your business alongside training on how to get the best of your software.
Payroll
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All aspects of payroll processes ensuring all tasks are carried out by all deadlines and RTI compliant.
- Weekly or monthly payrolls
- Pension administration completed
- RTI compliant with HMRC
- Payroll year end service and reporting