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Do I need an accountant to file my R&D tax credits?
As a creative business owner, you know better than anyone the level of innovation and experimentation your industry requires. This is the exact business model that R&D tax credits were designed to reward. Introduced in 2000, this scheme by HMRC incentivises...
How An Accountant Can Boost Business For Your Marketing Agency
Running your own marketing agency is no mean feat. Juggling the constant stream of responsibilities that are fired your way all while delivering quality work and keeping the clients happy can be a full on experience at the best of times. Here we run down just some of...
What is an R&D claim and does my creative business qualify for it?
When you hear the phrase “research and development” you probably think of scientists in white coats, mixing chemicals in a lab. You certainly don’t do anything like that in your creative business, so you’ve always assumed you weren’t eligible for tax relief through an...
Payments on Account: What is it and do I have to pay it?
Let’s face it: paying taxes isn’t the most exciting thing about running your own creative business. In fact, it just might be the part you dread the most. Good thing you only have to deal with paying income tax once a year when you complete your Self Assessment...
Is it easy to switch to Xero?
For any creative there comes a point when your need to focus on finances grows, as one of our fab clients coined it, “the shit gets real”. At that point it’s vital you have a tech solution that you can use alongside your accountant or bookkeeper to get ready access to...
Common Tax Codes and What They Mean
Tax codes. They're frustrating. They're confusing. And to most people they can seem a downright bore. What do my tax codes mean? Am I being taxed the right amount? Am I missing out on potential benefits that I am not even aware of? That is why we have created this...
How Accountants Can Help Your Creative Business Take The Next Step
The route to success in any creative industry is a road rife with immeasurable enthrallment and gut-wrenching setbacks. Realising that you want your idea to go beyond a paying hobby to become a fully-fledged business endeavour is a brave step. With this leap of faith...
Why We Love Being Creative Industry Accountants
As creative industry accountants, we often get asked why it is that we focus our services towards creatives. Surely that narrows your potential work opportunities? Aren’t creative industries some of the trickiest to manage financially? We appreciate that it may narrow...
Can I get help from the government to cover maternity pay?
You’ve just found out that your first employee is pregnant. Exciting! As part of your legal requirements as an employer, you know you’ll have to provide Statutory Maternity Pay, or SMP, to your employee for up to 39 weeks of maternity leave. This rule regarding...
My first employee’s pregnant, what do I have to do as an employer?
One of your employees has just shared the good news: they’re pregnant! While you couldn’t be happier for them during this exciting time, you’re also thinking about what this means for your business and what the standard employer responsibilities for pregnant employees...
Accounting Tips For Agencies Part 2
And we’re back! As previously mentioned, we love this sort of stuff. And equally, we appreciate that many creative agency types couldn’t think of anything more unappealing than organising the financial element of their business strategy. That’s why as experienced...
Is Xero Easier Than Quickbooks?
We understand that accounting can seem like a very daunting - and often dull - prospect for any growing business. Invoices. Tax. Expenses. It can seem a little overwhelming for even the most numerically astute business owners. That’s why keeping it all in one...
Accounting Tips For Agencies
Running your own creative agency is an exhilarating experience. Following a dream and setting out into the big (not always bad) world of business, with nothing to guide you towards success other than your heart and your head. Arguably nothing is more rewarding than...
What is Salary Sacrifice?
As a creative business owner you’ll no doubt be looking for the best ways to reward your team and yourself. That will include basic pay but also pensions and possibly other benefits (no we don’t mean the taco night or the office...
How do I price my creative services?
You’ve started your creative business, and while you’ve got an incredible product or service to offer, you’re uncertain how to price creative services. There’s an easy answer of pricing yourself smack-dab in the middle of your competitors - not the most expensive...
How do I make sure my business is set up correctly and I don’t run into problems later?
If there’s anything this last year has taught us, it’s how important proper preparation is. You’re a creative, a free-thinker with an innovative vision. Maybe you don’t see yourself as the “business type” but you know you’re good at what you do and people want to see...
My business is growing, but am I the right person to take it forward?
As the head of a creative business, you might struggle to think of yourself as the “business type.” Because of this, you’re now questioning if you’re the right person to continue leading your business into the future. You’re experiencing some remarkable startup...
Why you need to set your business up like you’re going to sell it
You’re just starting out on your business journey. You don’t have any intentions to sell it - certainly not now, and maybe not ever. So why should you look to be setting up your creative business as though you’re preparing it for sale? Simply put,...