Accounting for influencers and digital content creators

The influencer and digital content creator profession has skyrocketed in popularity over the last decade or so, but it’s still a relatively new and super fast-paced industry – especially in terms of accounting and taxation. This means that it can be difficult to navigate and understand your accounting obligations, such as what you need to declare and what expenses you can claim for in your tax return.  

The complex nature of this industry means that many influencers and digital content creators fall into one of two traps: they either end up paying too much tax or they are penalised for not filing their accounts correctly – neither of which are desirable! 

Here’s where hiring an accountant can become your ultimate trump card. An experienced and knowledgeable accountancy team, such as Warr & Co, can help you get your accounts in order, streamline your accounting processes so that they run more effectively, monitor and act on any new legislation to ensure you remain compliant, and ultimately ensure that your hard-earned money is working in the most tax-efficient way possible. Not only is this likely to save you money and reduce stress, it will also free you up so that you have more time to focus on what you do best.  

What accountancy services can Warr & Co offer influencers and digital content creators?

What makes us stand out from other larger accountancy firms is that we offer a tailored accountancy service. This means that, with our guidance, you can pick and choose the services that are most applicable to you to create the ultimate package. 

Some of the services we offer influencers and digital content creators include:

Tax planning

You may be surprised to learn that there are many opportunities to reduce your exposure to various taxes whilst still remaining compliant, and this is exactly what an accountant can help you achieve. We’ll really take the time to get to know your business and individual circumstances and your long-term goals so that we can advise accordingly. For further information, visit our Tax Planning webpage. 

Self Assessment

Yes, the dreaded Self Assessment… it’s the bane of many self-employed individuals’ lives. But filing your annual tax return doesn’t have to be stressful – let the experts take care of it for you! With our Self Assessment service, we can help you with the following:

• gathering relevant information from your bank, building society, stockbrokers etc
• calculating your tax liability
• completing and filing your tax return on your behalf
• advising you when various payments are due and how much to pay
• advising on appropriate record retention
• introducing you to any relevant tax-saving ideas
• representing you in the event of you being selected for investigation by HMRC

Please be aware that our Self Assessment service is extremely popular, so if you’re considering utilising this service we recommend you contact us as early as possible.

Bookkeeping

If you’re not already doing so, using bookkeeping software is a great way to streamline your accounting processes and ensure they run as efficiently and as accurately as possible – saving you both time and money. Our bookkeeping service is very flexible and we’ve teamed up with various leading cloud-based software solutions to help you with all of your bookkeeping needs. Find out more about our bookkeeping services by visiting our website.  

VAT

If your business is VAT registered or you’re nearing the threshold, you may benefit from our VAT accounting services. With our extensive experience and knowledge, we’ll assist you in completing your VAT returns whilst also identifying ways you can potentially improve your cash flow and minimise your VAT bill. 

And so much more!

We’ve covered some of our most popular services that, as an influencer or digital content creator, you may wish to take advantage of, but we offer many other accounting services too! 

Therefore, we highly recommend you take advantage of our free, no-obligation consultation with one of our company directors. They’ll discuss your individual circumstances and take the time to understand your specific needs and goals so that we can put together a tailored accountancy plan designed just for you.