If you make your living online as a social influencer or content creator, your time is likely spent on accepting and rejecting sponsorship requests, interacting with fans and generally keeping us entertained. However, there’s one thing you can definitely influence that you shouldn’t put on the backburner: your taxes.
While paperwork pales in comparison to your usual daily activities, it’s super important to get your finances in order to avoid headaches further on down the line.
Why use Dead Simple Accounting
At Dead Simple Accounting we can take care of everything for you, allowing you to focus on growing your audience and churning out great content. We already work with influencers and content creators, and understand exactly what’s required to keep things running smoothly.
We also know what expenses you can claim, as you likely have to invest in pricey equipment and other costs related with content creation.
But don’t just take our word for it, check out our five-star ratings across Google and Facebook.
Our Pricing
At Dead Simple Accounting we charge just £275 including VAT for self-assessment tax returns, and can take you through the entire process.
If you’re interested in other services, such as setting up a company or payroll, head over to our quote page for a free and instant estimate.
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What Expenses Can Social Influencers & Content Creators Claim?
Claiming expenses at the end of the year is an important aspect of accounting for influencers and creators, as it enables you to cover up most of your costs. As long as you can prove that you use it solely for business purposes, and you keep hold of your receipts, our team can guide you through the process in order to save those precious pennies.
The following are expenses social media influencers and content creators may be able to claim:
- Phones
- Laptops
- Cameras
- Travel
- Internet bills
- Website Expenditures
- Hosting, domain name etc.
- Marketing Costs
- Prizes
- That you use for giveaways
- Software & Apps
- Such as subscriptions to stock photo or video libraries
- Office Supplies
- Merch
- Clothing & Beauty Products
- If for example you’re reviewing them
Need Further Help?
If you have further questions or require assistance concerning accountancy for influencers, be sure to get in touch with us as soon as you can!
Influencer & Content Creator Accounting FAQs
Yes, influencers pay tax the same way that any other self-employed person does, which is filing a self-assessment tax return.
You are liable to pay tax on your YouTube earnings in the UK. The amount of income tax you’ll pay depends on how much of your income is above £12,750 (the personal allowance).
Yes, regardless of what social media platform your earnings come from, you are liable to pay tax on earnings above the personal allowance of £12,750.
Useful Resources
These days there’s an abundance of tools and resources at your disposal, software that handles your invoices and expenses, to mobile based banks that cut the boring paperwork.
We only work with the best of the best, and have partnered with several big names to offer you various goodies when signing up.
Accounts Software
Bank & Apps
