Accountants for Copywriters
Accounting and tax advice for copywriters
As accountants for freelance copywriters, we understand something about your practice that other generalised accountancy firms sometimes fail to grasp: freelance copywriters need to be flexible. Each month will bring different assignments, sets of payments and expenses. Your books can look quiet one moment, and hectic the next.
Given this, it’s easy to lose track of how much you’re earning, what you need to pay in tax and what you can deduct from your tax bill as an allowable expense. The truth is, your traditional accountant who isn’t used to working with copywriters might miss something.
You need someone who will understand your trade and, as a firm that has carried out accounting for copywriters for a long time now, you can count on us to fill that role.
Keeping track of earnings will be at the top of our list so you can stay on the right side of HMRC when it comes to taxes. This is best done with effective bookkeeping. Don’t overestimate how time consuming keeping the books can be – all it takes is one busy spell for them to be left incomplete and inaccurate when you try to retrospectively fill them in. With us, you don’t need to worry about that. Whether you need to complete a self-assessment return for income tax, file a corporation tax return, or both, we can file your taxes with HMRC on your behalf so you can focus on what you enjoy doing.
Keeping a record of your expenses is an especially important part of accounting for freelance writers. Not only is it about making sure you maintain a healthy cashflow and catch any repeat expenses you may have forgotten about, but it also allows you to offset eligible ones – known as ‘allowable expenses’ – against your taxable profit.
Deducting costs from your profits means you pay less in tax, potentially saving you a significant amount of money. To count as an expense, the purchase must be made wholly and exclusively for the purposes of the business, such as a work laptop or rent for office space. The rules can be complex, though, so don’t hesitate to get in touch with us to talk about allowable expenses and what else we can do for you.
Services for architects…
- Cloud accounting
- Annual accounts
- Company tax returns
- Management accounts
- Payroll services
- Tax planning
- VAT returns
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