Alchemy blog

 

Honest opinion and illuminating comment

At Alchemy, we believe in clarity and honesty, and the blog is where we put that into practice. We’ll keep you updated on the latest developments in tax law and government legislation, unpicking what each change really means for you and your business.

Top challenges facing marketing agencies after lockdown

Top challenges facing marketing agencies after lockdown

Every industry is facing challenges after lockdown - and beyond. The pandemic has affected businesses dramatically and we’ve all felt the repercussions of it. But for marketing agencies and freelancers, what has this meant for them? Many companies have cut marketing...

What can you claim on business expenses as a musician?

What can you claim on business expenses as a musician?

As a musician, you might not be aware of the items you can claim on business expenses. Luckily, if you choose to use me as your accountant, you won’t need to remember any of the below (but I’m always here to help in the meantime). Within the music industry, there’s a...

Starting up your own record label

Starting up your own record label

At Alchemy Accountancy, we work within a lot of creative industries - including music. From freelance musicians to bands to record labels, in today’s internet-heavy world, it’s easier than ever to start creating great music. But how exactly do you start your own...

Why marketing budgets are always first to go in a crisis

Why marketing budgets are always first to go in a crisis

It’s inevitable that in business, some sort of crisis may happen. This could be personal, for example, illness or bereavement, or it could be global - a recession, for instance. Currently, it’s the small matter of a pandemic that’s causing us grief (not that we need...

Should you have a niche as a marketing agency?

Should you have a niche as a marketing agency?

It’s nothing new to say that the marketing world is saturated with full-service agencies. Whether you’re a one-person team or a huge, award winning agency, with offices all over the globe, finding a marketing agency that does it all, from SEO to PPC, design to...

What can you do if you become ill as a freelancer?

What can you do if you become ill as a freelancer?

It’s more than likely that you’ll become ill at some point - whether that’s a cold, period pains, mental health concerns, or something else, we’re not immune to illness. Particularly as a freelancer, you may work longer hours or take on more work than you really...

Coronavirus scams: What to look out for as a business

Coronavirus scams: What to look out for as a business

We’ve all seen our fair share of spam emails - including myself. Whether we’re being requested to send an inordinate amount of money to someone in another country, or we’re being hounded by the TV licensing company again, there’s plenty of opportunists out there. But...

Why timesheets are important for smaller marketing agencies

Why timesheets are important for smaller marketing agencies

I can already sense the inaudible moans when I mention ‘timesheets’. From extra work for office managers and administrators, to badgering your employees to get them completed, timesheets are often seen as an unnecessary evil. But with easily accessible technology,...

How to align staff KPIs with your business objectives

How to align staff KPIs with your business objectives

Don’t have KPIs for the sake of it – understand how they can drive the success of your business and make sure they’re tightly tied to your goals and objectives. First, just in case, I ought to explain what KPIs are, though most of you can probably skip this bit. KPI...

Why your business needs a cycle-to-work scheme

Why your business needs a cycle-to-work scheme

Cycle-to-work schemes allow employers to rent bicycles and associated kit to employees as a tax-free benefit. Or, in effect, to let them buy a bike at a discount, paying in instalments. The UK Government launched the framework for the UK’s cycle-to-work scheme in 1999...

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