Accountants for Content Creators
Let us tackle your finances, so you can focus on building your brand
Allowable expenses for a content creator, whether they are a blogger, YouTuber, social media influencer, or freelance writer, are business-related costs that can be deducted from their business income when calculating taxable profit. Here are some common allowable expenses for content creators:
- Business Structure: Decide on the most appropriate business structure, such as operating as a sole trader or setting up a limited company. The choice can impact your tax liability and legal responsibilities.
- Business Bank Account: Open a separate business bank account to keep your personal and business finances separate. This makes it easier to track income and expenses, as well as prepare for tax reporting.
- Income Tracking: Keep detailed records of all your income sources, including payments from clients, sponsorships, ad revenue, affiliate marketing, and any other revenue streams.
- Expense Tracking: Maintain a record of business-related expenses, such as equipment, software, subscriptions, travel, marketing costs, and any expenses related to content creation.
- Receipts and Invoices: Save receipts for your business expenses and send professional invoices to clients or sponsors. This documentation is essential for tax deductions and tracking payments.
- Accounting Software: Consider using accounting software like QuickBooks, Xero, or FreshBooks to manage your finances, track income and expenses, and generate financial reports.
- Tax Obligations: Be aware of your tax responsibilities, including income tax and potential Value Added Tax (VAT) if your income exceeds the threshold. Consult with a tax professional or accountant to ensure you meet all tax requirements.
- Record Keeping: Maintain an organised filing system for all financial documents, including invoices, receipts, and contracts, making it easier to access information when needed.
- Self-Assessment: In the UK, self-employed individuals typically complete a Self-Assessment tax return to report income and expenses. The deadline for this is usually January 31st for the previous tax year.
- Professional Advice: Given the unique financial aspects of the content creation industry, it’s advisable to consult with an accountant or tax advisor who understands the specific challenges and opportunities in this field. They can help you optimise your financial management and tax strategies.
- Budgeting: Create a budget to plan your expenses and allocate resources effectively. This can help you manage irregular income and save for taxes.
- Intellectual Property Rights: Be aware of intellectual property rights when creating content. Ensure you understand copyright laws, licensing agreements, and royalty income if applicable.
Effective accounting is crucial for the financial health and compliance of your content creation business. Staying informed about industry-specific regulations and tax requirements is essential, and professional guidance can help you navigate the complexities of managing your finances as a self-employed content creator.
Why Choose Swan Books?
Swan Books brings over 16 years of trusted accounting experience in for YouTubers, Influencers, Bloggers and more. We don’t just see numbers; we see people thriving and communities growing. We have many accounting clients who rely on content creation, and they often commend our friendly, professional, and approachable style. Beyond mere testimonials, our track record of success and our commitment to ensuring businesses flourish stands as our proud testament. Discover the Swan Books difference today.
There’s a reason we have nothing but 5 star reviews on Google.
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Lily Burford3 July 2024Amazing service. Really efficient, professional and friendly. I would highly recommend for anyone needing guidance with business finance.Trustindex verifies that the original source of the review is Google.Cara Johnston28 June 2024Lovely and personal and very understanding.Trustindex verifies that the original source of the review is Google.James Marvell27 June 2024Very helpful. ThanksTrustindex verifies that the original source of the review is Google.Lauren Millington25 June 2024I’ve been working with stacey for a few years now and recommend her to anyone who is looking for an accountant, she is so down to earth and answers absolutely any questions I have no matter how big or small!Trustindex verifies that the original source of the review is Google.Refine Design24 June 2024Stacey is a wonderful lady! She makes the mind boggling process of accounts an absolute breeze! She's professional and speedy at what she does! I'm so glad I found her!Trustindex verifies that the original source of the review is Google.Official SleepWelness28 May 2024So accepting, easy going, clear, transparent & easy to talk to. She takes the weight off your shouldersTrustindex verifies that the original source of the review is Google.Zoe Vango24 May 2024Stacey is the best in the business, always gives the best advice and is 100% there when you need her! XxTrustindex verifies that the original source of the review is Google.Susan Webb24 May 2024Wonderful service. Recommended to my friends.Trustindex verifies that the original source of the review is Google.Helen Clarke24 May 2024Stacey has been amazing to work with. She has been able to explain everything in a language I understand and is calm, consistent and always communicative. Stacey came highly recommended and I feel in the safest hands. Thank you Stacey and team Swan Brooks! 🙏Trustindex verifies that the original source of the review is Google.Jackie Kelly24 May 2024Excellent. Very knowledgeable and confident. Stacey has sorted our family business out with minimum fuss. A pleasure to deal with and highly recommended.
recommendsTrustindex verifies that the original source of the review is Facebook.Refine Design24 June 2024Stacey is a wonderful lady! She makes the mind boggling process of accounts an absolute breeze! She's professional and speedy at what she does! I'm so glad I found her!recommendsTrustindex verifies that the original source of the review is Facebook.Vicki Daws28 February 2024Stacey has been amazing with me, as a first time business owner without a clue how to do my accounts, she's been so patient and understanding helping steer me correctly, relieving so much stress and pressure! She genuinely cares and has belief in my business which helps me have belief too! I highly recommend.recommendsTrustindex verifies that the original source of the review is Facebook.Stevie-May Cole27 November 2023Stacey has been great from start to finish. She has explained everything helping me understand and put my mind at ease throughout the process. I highly recommend Swan Books for anyone looking for an efficient local accountant 🌟🌟🌟🌟🌟recommendsTrustindex verifies that the original source of the review is Facebook.Georgia Billie Anthony24 October 2023Amazing at putting your mind at ease and extremely patient ! Could not recommend stacey enough 5 ⭐️ all round xrecommendsTrustindex verifies that the original source of the review is Facebook.Shiralee Swan Photography LSWPP, LNPS2 August 2023I took the big step in 2020 to start my own business. Stacey handles the numbers side of things for me, she very friendly and super helpful, and she never makes me feel like I have a silly little question. I, 100% recommend StaceyrecommendsTrustindex verifies that the original source of the review is Facebook.Olivia Charles20 July 2023Stacey has been fantastic with my accounts. She went through everything and was very helpful with any questions I had. Brilliantly responsive and got everything together in no time at all. I would highly recommend her!recommendsTrustindex verifies that the original source of the review is Facebook.Stuart Wilson2 February 2023Stacey has been fantastic, she does all my bookkeeping and submits all my tax returns. She has given me advise and is always there to answer my questions and provide support. Stacey has given me one less thing to worry about so I can focus on with running my business. 100% recommend Stacey!recommendsTrustindex verifies that the original source of the review is Facebook.Ross Cook9 January 2023Friendly and extremely helpful. We had many questions about sole trading and Stacey was more than happy to help, even at 8pm in the evening!recommendsTrustindex verifies that the original source of the review is Facebook.Sharon Groves1 December 2022Stacey has been amazing in getting my books in order and submitting my tax returns. She has given invaluable advise and is always on hand to answer any questions and provide support. Stacey has been a god send and given me one less thing to worry about so I can get on with running my business. Thoroughly recommend Stacey!recommendsTrustindex verifies that the original source of the review is Facebook.Natalie Wooden24 November 2022Stacey was so friendly and eager to help me from the start. Nothing was a problem. We did everything step by step and everything was taken care of for me. I’m so glad I found you Stacey! Thank you for your help and professionalism.
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.
What Can a Content Creator Expense?
Allowable expenses for a content creator, whether they are a blogger, YouTuber, social media influencer, or freelance writer, are business-related costs that can be deducted from their business income when calculating taxable profit. Here are some common allowable expenses for content creators:
- Equipment and Technology: The cost of cameras, video equipment, audio recording equipment, computers, software, and other technology used for content creation is deductible.
- Home Office Expenses: If you work from home, you can claim a portion of household expenses, including rent, mortgage interest, utilities, and internet, that are directly related to your business use.
- Professional Fees: Fees paid to graphic designers, web developers, and other professionals for services related to your content, website, or branding are allowable expenses.
- Marketing and Promotion: Costs associated with advertising your content, running ad campaigns, and promoting your work, such as social media ads or sponsored posts, can be deducted.
- Subscriptions and Memberships: Expenses for memberships in professional organisations, stock photo or video services, or other content creation platforms can be claimed.
- Training and Professional Development: Expenses for courses, workshops, conferences, and online training relevant to content creation can be deductible.
- Travel Expenses: If you travel for business-related purposes, such as attending events or filming on location, travel costs, including mileage, accommodations, and meals, can be claimed.
- Insurance: Premiums for business insurance, such as liability insurance or camera equipment insurance, are generally allowable expenses.
- Office Supplies: Expenses for office supplies like stationery, paper, and printer ink used for your content creation are deductible.
- Stock Media and Licensing: Costs for purchasing stock images, music, or video clips for your content can be claimed.
- Bank and Credit Card Fees: Fees associated with business bank accounts and credit card processing can be allowable expenses.
- Accounting and Bookkeeping Fees: Fees paid to a professional accountant or bookkeeper for managing financial records are deductible.
- Website Hosting and Domain Costs: Expenses related to hosting your website and domain registration are generally allowable.
- Safety Equipment: Costs for safety equipment, such as protective gear or health and safety measures for filming, can be deductible.
It’s important to keep detailed records and receipts for all these expenses and any others specific to your content creation business. When completing your tax return, you can deduct these allowable expenses from your total business income to calculate your taxable profit.
Stacey has been wonderful. I started a business and was totally overwhelmed and stressed about my tax return. Stacey made me feel instantly at ease and really did take care of EVERYTHING and more. Worth every single penny! She's been so supportive and I'm so glad I was put in contact with her. I have found my accountant for life. Thank you!
Bobbie Golder
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
£
45
00
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Registration of you and your business self employment with HMRC.
Self Assessment Tax Returns
£
250
00
Prices From -
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
varies
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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
varies
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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
£
175
00
Prices From -
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
£
65
00
Prices From -
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
£
20
00
Per Payroll -
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