WHO WE WORK WITH
Accounting for Creatives
With the ever-increasing rise of the creative industry, you need accountants who understand the unique needs of creative businesses.
Whether your creative pursuits see you working as a freelance writer, artist, graphic designer, photographer, musician, or web developer, having a knowledgeable accountant on your side can help you save time and money. At No Worries, our accountants for creatives, such as you, are there to help manage your financial affairs from the traditional accounting tasks of preparing and filing tax returns, tracking expenses, and invoicing clients to always being on hand to offer advice on how to save money and maximize tax deductions. We offer the full bookkeeping and accounts management service. Let our left-brain thinkers take care of the numbers so you can focus of what makes you happy – being creative!
How we do it!
Accountants for Creatives at No Worries.
Our creative accountants have developed an easy-to-understand approach matched with an online accounting system that makes life easier, giving you more time to create. Our easy-to-use cloud-based accounting software has been developed by us to specifically make light work of accounting tasks and its name says it all. Joy Pilot is free to all our clients and our accountants are experts with this software and are on hand to immediately help you navigate your way around.
Starting at £85/month (+VAT) you can enjoy access to our accounting service for creatives that includes (but is not limited to):
- Your own dedicated accountant
- Business Incorporation
- Assistance setting up a business bank account
- Preparation of financial statements
- Reminders of deadlines and payments
- Assistance with any HMRC queries
- Companies house annual returns
- Tax planning advice
- VAT registration
- Access to our acclaimed accounting software, Joy Pilot, for FREE
- Unlimited face to face meetings, phone calls and email support
Still have questions about how No Worries can help you or how it will work? We are always happy to talk!
Benefits for Creatives
At No Worries, we understand the unique challenges and opportunities that come with being a freelancer in the creative business, and often our new clients are yet to discover accounting. We are here to help you navigate the ever-changing landscape of tax and accounting so that you can focus on what you do best, create! Some clients work through creative agencies while other supply services direct to their end client.
With that in mind, below is a taste of the kind of services specifically tailored to the needs of creative sector professionals you can expect at No Worries when we work as accountants for creatives.
Assistance with Business Planning
When you become a client of No Worries, you are assigned a personal dedicated accountant who will get to know you and your business inside out. This way, we can provide the most relevant and tailored advice possible to help you reach your goals.
With a good understanding of your financial situation, your personal accountant can help you plan for future growth and manage your tax returns and finances in a more efficient way. Knowing where you are means you can stay in control of where you want to go!
Understanding your Tax Obligations
Self-employed creatives are often unaware of the many tax deductions they can claim. Your personal accountant can help you with your personal tax return by claiming all the deductions you are entitled to thereby minimising your tax liability. This includes advice on how to structure your business, remuneration planning, and pension and investment planning.
We can also, if you wish, help you personally with your self-assessment tax return so that you can be confident that you are meeting your personal tax obligations and taking advantage of any creative industry tax reliefs or allowances that you may be entitled to. Also, we can help you plan ahead to minimise your tax bill in the future. If you work through your own limited company we can also help ensure you are claiming all your business deductions that help reduce your corporation tax.
Save Time and Money
With unlimited, online secure access to your accounts via our accounting software, you will have at your fingertips, the ability to view your businesses financial processes anywhere, anytime which is enough to get anyone’s creative juices flowing. Uploading receipts, creating invoices and automatic bank feeds are standard. But you will also be able to view accurate and up to date finical reports, outstanding invoices, and your tax affairs in real time. We also offer multicurrency support.
All of this means you can free up your time to focus on what you do best – creative work. Your personal accountant can also save you money by ensuring that your financial affairs are in order and that you are claiming all the deductions you are entitled to.
Peace of Mind
With your personal No Worries accountant navigating you through the ever-changing landscape of tax and accounting you can, with confidence, focus on your creative flow and grow your business without worrying about who’s taking care of the numbers. Also, if you ever have any questions about your finances, you can simply pick up the phone and speak to your accountant – they will be more than happy to help.
Frequently Asked Questions!
What is the cost of hiring Creative Industry Accountants?
The cost of an accountant will vary depending on the services you require and the size of your business. However, at No Worries, we offer affordable packages for creative freelancers starting from just £85 + VAT per month.
Do I need an Accountant if I am Self Employed?
If you’re self-employed, you’ll need to file a self-assessment tax return every year. This can be a complex process, so it’s often worth using an accountant to help ensure you don’t miss any important deadlines or make any mistakes that could cost you money.
Is it worth using an Accountant if I am a Limited Company?
If you’re running a limited company, there are various compliance deadlines that you need to meet throughout the year. An accountant can help make sure you stay on top of your obligations and avoid any penalties.
With the ever-changing tax landscape, it’s more important than ever for creative professionals to have an accountant they can trust. At No Worries, we’re passionate about helping our clients achieve their business goals and thrive in their chosen industries. If you’re looking for support with your accounting and tax needs, get in touch with us today. We’d be happy to chat with you about how we can help you reach your full potential.