Accountant For Influencers
Here at DH Business Support, we provide an efficient influencer accounting service.
As you build your presence, you will likely make money from your online activities. Managing your self-employed income is essential to ensure that you remain compliant with financial guidelines.
At DH Business Support, we are here to offer guidance on your finances. From discussing tax laws to industry regulations, we’ll support you in all areas. Our influencer accountants understand that you lead a busy life, both off and online. We want you to reach your financial goals and concentrate on content creation while we handle the rest.
Influencers often work for themselves, meaning there’s little time to handle finances, claim expenses and tax allowances on their tax returns, all while managing accounting tasks. For some, they don’t know whether to set up as a sole trader or a limited company.
Save the stress, and consider working with our friendly influencer accountants.
Want An Accountant That’s Different?
Why Do Influencers Need Accountants?
As an influencer, you must have an accountant to help you better understand the tax world and the importance of reporting to HMRC. Like any other job role, influencers must report their earnings and stay on top of tax responsibilities. But for some, finding the time to complete these mundane tasks feels impossible.
If you are an influencer, it is likely that you work for yourself and therefore may struggle to find the time to manage your finances alongside your workload. At DH Business Support, we can help you claim expenses and tax allowances on tax returns and manage accounting tasks.
Understanding the tax rules for influencers can be difficult to understand. Luckily, our influencer accountants are here to break them down. At DH Business Support, we work with:
- Online content creators
- Social media influencers
- General online entrepreneurs
Our Influencer Accounting Services
Our influencer accounting services benefit online creators in various ways. You may receive royalties from ads, appearances, or gifts, including trips, hotel stays, or products, meaning you’re likely liable for tax and need to submit your tax return. We offer a range of services to influencers, including:
- Bookkeeping
- VAT advice
- Cloud Software
- Cash flow
- Self-assessment tax returns for influencers
- Limited company setup
- Tax advice
- Any tax deductions for influencers
- Expenses that influencers can claim
- Filing accounts
With our assistance, you can be the most tax-efficient with your finances while keeping your accounts simple and hassle-free. We’re well-equipped and have expertise in this industry. Our resources help you with all the accounting services that apply to you as a content creator.
Why Influencers Choose DH Business Support
We continue to be chosen by influencers and online creators across the UK. Apart from having a team of qualified and experienced influencer accountants who understand how important your online journey is to you, we understand the industry you’re in, and the rules that apply to you.
Maximise your profits, stay on top of HMRC regulations, and gain help from a trusted influencer accountant at DH Business Support today. We do everything to ensure you succeed in your role as an influencer. Reach out to us to find out more about how we can help you!
Frequently Asked Questions
Below you will find some of the more commonly asked questions when it comes to influencer accounting.
How much tax-free allowance do I have as an influencer?
Just like any other form of income, you are entitled to a tax-free allowance of £12,570 per year as an influencer.
What expenses can I claim as a social media influencer?
Claiming back expenses is one of the key ways you can improve financial efficiency. As a content creator, you may claim back costs on:
- Office Supplies
- Business software and subscriptions
- Internet service costs
- Web design and development costs
- Phones, laptops and cameras used by the business
- Business-related travel
- Merchandise and products purchased for content creation
- Marketing-related spending, including prizes purchased for giveaways
Can I manage my accounts as an influencer?
Absolutely! However, it can be a tedious task that requires a lot of knowledge and research to maintain compliance. That is why we are here to help!