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.
If you run a video production company producing promotional films, commercials or digital content, keeping your tax bill down can make a big difference to your business’s viability.
A lot of people say creative work has to be messy, but I don’t think that’s always true. Here are five ways you can improve your systems and processes to impress current and potential clients.
The chances are that 2020 was a lot less scary for people who’d anticipated the worst-case scenario and put contingency plans in place.
With campaigns and projects, creative agencies operate differently to other types of business and could benefit from a different approach to accounting.
Even with creative agency staff working from home during 2020, campaigns got launched and websites got built. What opportunities are there in 2021?
Are your colleagues in the habit of bidding for budget they don’t need ‘to be on the safe side’? And do you hear people grumbling that they’ve been held back by the lack of available budget? As 2021 budgets firm up in many creative businesses, here’s advice on how to make the process work.
One of the biggest challenges of growth is that the bigger your creative business gets, the more people you need to keep happy. Stakeholders need to feel you’re on top of things and reassured that the numbers stack up. Good leaders don’t react to queries – they present reports that answer questions before they’re asked.
If you can make subscription services part of your firm’s offer you can build additional value into your agency or practice, making it irresistible to potential investors and buyers.
As creative businesses begin putting together their plans for 2021, we look at how those in leadership positions can balance financial realities with establishing an inspiring vision and goals.
From pricing strategies to KPIs, applying systems and processes to creative work will make your agency more scalable, profitable and efficient.
You owe it to yourself and to your creative agency to stay on top of costs – but how do you square that with finding and keeping the best people?
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...
People often come to me and ask what their business would be worth if they sold it. The truth is, particularly when we’re in the middle of a pandemic-fuelled recession, there is no simple answer to this. Accountancy textbooks teach you (well, taught me) that the...
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...
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...
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