If you landed on this page, I’m assuming you’re struggling to pay your taxes on time. But, don’t worry - you’re in the right place. This blog aims to give you the steps you need to take if you can’t pay your tax bill, and to give you some peace of mind. So, read on....
Running a limited company in the UK can open up exciting opportunities. But it also comes with its fair share of responsibilities, particularly when it comes to taxes. For many business owners, the thought of dealing with tax obligations can feel overwhelming or even...
When you decide to run your own business as a sole trader in the UK, understanding how sole trader taxes work is a key part of your entrepreneurial journey. Whether you’re just starting out or have been trading for a while, knowing the basics of tax treatment can save...
Debunking the Myth about Budgeting It’s a common misconception that a budget restricts one's freedom. Quite the contrary. It’s actually a very important stepping stone towards reaching your financial and business objectives. Highly recommended: create a budget for...
The Business Side of Arts and Creatives, yes there is one. Today I am looking at the world of artists, creatives, and art organisations as businesses. Yes, you read that right; they're businesses, just like any other. In this video, we'll explore the key differences...
Resource Analysis for your business is this weeks blog and video. You need resources for business growth and success. Furthermore it’s important to see if the current set of supplies will help or hurt your business. Resource analysis helps your business bridge a...
If you have not been able to go to work because of COVID, you can claim tax relief for working from home and get some extra cash. In this blog-vlog I will explain: How the tax relief works for employees working at home Who qualifies and how you can check How you claim...
How you should complete W-8 forms is a must if you do business with the US. It’s also a must if have investments in the US or earn income in the US. For example, you tubers, sole traders, UK resident companies, Individual taxpayers, will all come under these rules....
What is your why for having your own business, whatever that, there are reasons Why your business must make a profit. Making profit must be at the top of your business goals, ignore that at your peril. Firstly, I am going to tell you why making profit is vital for...
Most people think that there’s not a lot in common between accounting and the arts. But the two do have something in common – money. Even artists have to eat, and to make a living as an artist, you have to make money. It’s not about winning million pound commissions...
Developing fundraising ideas in the arts world. Ideas and SWOT analysis Gather together ideas from all of your stakeholders. Include colleagues, volunteers, donors, partners, users, competitors and beneficiaries. For example brain storming (or if you prefer, thought...
Firstly, on the face of it you might not think that artists working with businesses is a good match, but they have a lot in common. And you might doubt whether they can work together effectively. But to dismiss artist and business partnerships would be to miss out on...
Artists tax: Averaging Relief Artists Tax- Averaging Relief is designed to help artists who have significant fluctuating income from one year to the next. The tax consequence of this fluctuating income could be no tax to pay when profits are low, followed by paying...