You didn’t get in to business to fiddle around with payroll and HMRC forms. We offer FREE discovery calls to individuals, sole traders, limited companies and professional businesses. As a team we are great communicators, highly approachable and love to get to know our clients. No stuffed shirts here, just a friendly and extremely professional bunch of accountants who have your best interests at heart.
Creator Tax & Bookkeeping Services
If you’re looking for a social media accountant, we have a wealth of expert knowledge and experience. With a modern, tech approach to accounting, Gorilla what are retained earnings is the UK’s Most Trusted accountancy firm for content creators and social media influencer accounting. We’re not like traditional accountants and we’ll never try and baffle you with financial jargon.
📣 Financial Literacy = Creator Power
Our team of seasoned accountants can look through your reporting, analyze your choices, and provide you with guidance on the right steps to take to secure your financial future. Whether you need help navigating through an economic boom/bust or maximizing cash flow for the short and long term, our CFO advisory services are here to assist you on your journey as a YouTube influencer. YouTube is the second most visited site globally, and as the platform grows, so do its stars. Whether you create reaction videos or educational content, there is quite a bit of money to be made as a YouTube influencer. Of course, when your income grows, your financial responsibilities often do too.
💡 Smart Accounting Tips for Content Creators
The influencer market is booming, turning content creators into entrepreneurs running profitable businesses. The IRS is watching influencers closely, and poor accounting can lead to audits. As influencers become more economically significant, managing finances professionally is key. Accountant and social media are not normally spoken about in the same sentence, however accounting for influencers is a service that is needed by thousands accounting for influencers of content creators in the UK. Accountants for social media influencers can also make sure you’re paying the right amount of tax if you’re working full-time alongside content creation, if doing social media is your ‘side hustle’.
- If you’re looking for an influencer accountant who can help you with the financial side of success, Gorilla Accounting can help.
- With a career trajectory spanning from computer programming in chemical engineering to web development and online marketing, she has accumulated a wealth of expertise.
- As an influencer, if you earn over £1,000 in a single year, you must complete an annual tax return.
- Engaging professional services not only aids in compliance with tax regulations but also provides strategic financial planning.
- If you go dark after posting content, potential customers will move away from it.
YouTube Influencer Financial Advisory
Accurate tracking and documentation of these deductions can significantly reduce taxable income, making it crucial for influencers to maintain detailed financial records throughout the year. Social media influencers often have multiple income streams, including brand partnerships, sponsored content, affiliate marketing, and ad revenue. Accounting for these diverse income sources can be complex, but understanding potential tax deductions can significantly reduce How to Invoice as a Freelancer taxable income. Influencers should meticulously track all income and expenses to ensure accurate tax filings.
- Your personal style and your business wardrobe aren’t the same thing in the IRS’s eyes.
- The information on this website is not intended to provide, and should not be relied on, for tax advice.
- Saving and investing a portion of your earnings can have long-term benefits, such as building a nest egg for retirement or creating new sources of income.
- You’ll get instant access to expert advice tailored to content creators.
- Secure your bookkeeping, income tax prep, and filing done by experts—all underpinned by one robust platform.
- You can use an influencer marketing platform to assist you in finding influencers through their database and algorithms.
- One of the key benefits of influencer marketing is the direct connection it allows with your audience.