It’s no secret that actors often face unique financial challenges due to unstable income and complex contracts. An artist’s life involves juggling multiple income streams. It comes with complicated contract terms, and trying to make sense of an ever-changing tax landscape. Your financial situation differs from that of a typical 9-to-5 employee. Finding accountants who […]
Can personal tax planning fix all your problems? Tax mistakes happen to the best of us. We see clients every year who’ve faced unexpected bills, missed deadlines, or overlooked deductions that cost them hundreds–sometimes thousands – of pounds. HMRC doesn’t make allowances for honest mistakes. Miss a filing deadline and you’ll face automatic penalties. Underestimate
Top Mistakes to Avoid in Personal Tax Planning: London Accountants Share Their Tips Read More »
As an accountant who works with many creative professionals, I’m constantly surprised by how many talented freelance writers don’t fully grasp the financial implications of their intellectual property. Your words aren’t just your creative output – they’re valuable business assets that can generate income for decades. Yet many freelance writers inadvertently leave money on the
Freelance Writers: Copyright, Royalties & Rights Management for Journalists & Authors Read More »
Does hiring specialist accountants for media companies like yours make sense? Most media companies pay far more tax than they need to. We often see creative businesses struggling with cash management – one of the biggest causes of business failure in the creative industries. As a media company owner, you’re facing financial challenges that standard
Why Hiring Specialist Accountants for Media Makes Financial Sense Read More »
The world of tax is changing for sole traders and landlords across the UK, with Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) on the horizon. If you’re a creative entrepreneur, small business owner, or property landlord, understanding these changes now will help you prepare for a smoother transition when they come into effect.
What is Making Tax Digital (ITSA): A guide for sole traders and landlords Read More »
Can accountants for musicians can save you more money? Navigating taxes and finances as a UK musician can feel like tuning a guitar in the dark—frustrating, time-consuming, and prone to errors. With income flowing from gigs, streams, merch sales, and royalties, paired with ever-changing tax rules, it’s easy to feel overwhelmed. But just as a
The world of digital assets continues to change rapidly, which means it’s important (and challenging) to understand how cryptocurrency and UK tax obligations intersect. As we move through 2025, both experienced crypto investors and newcomers to the space must be aware of their tax responsibilities to avoid unexpected penalties and ensure compliance with HMRC regulations.
Cryptocurrency and UK Tax in 2025: Avoid issues with HMRC Read More »
We often get asked: how much do photographers earn a year? Many photographers tell us they’re unsure what income to expect when starting their business. Let’s look at the real figures. Most professional photographers earn between £20,000 to £40,000 yearly, but these numbers don’t show the full picture. Setting up a photography business needs careful
Making the right choice between setting up a limited company vs sole trader can have significant implications for creative professionals. This decision impacts how much tax you pay, your personal liability if things go wrong and even how clients could perceive your business. For photographers, actors, musicians, filmmakers and other creative professionals, understanding the pros
What is accounting for freelancers? At Green & Peter, we work with many freelancers in creative industries who tell us their monthly income feels unpredictable. Sound familiar? Most creative professionals struggle to manage fluctuating earnings whilst building their business. Getting your accounts right means more than just tracking income and expenses. Our experience shows that
The Creatives’ Guide to Building Financial Security: Accounting for Freelancers Read More »