Expert Accounting for Instagram Creators | MyTaxDoc
Let MyTaxDoc take the stress out of your accounts. Tailored accounting and tax advice for Instagram influencers, ensuring you stay compliant and maximise your profits.
Why Do Instagram Influencers Need Accountants ?
Savvy Instagram influencers today are masters at identifying revenue streams and making money online – cha-ching, into the bank. But when it comes to accounting for your well-earned cash, things can become a bit tedious.
As a new industry, the rules around what an influencer must declare on their annual return can be unclear. It’s essential to understand how to account for your earnings, as well as what your VAT and tax obligations are. If you don’t, you could risk penalties. A qualified accountant will help maintain your accounts meticulously, ensure you stay compliant, and provide valuable advice to prevent overpaying tax.
If you’re struggling to stay on top of your finances or feeling overwhelmed by tax jargon, fear not – MyTaxDoc has got you covered. We truly understand the influencer market, and our expert accountancy services will not only make your life easier but also support your future business goals.
What Can Influencer Accountants Do for You?
On the surface, paying for Chartered accountancy services may seem like an extra cost. But as a digital entrepreneur, you likely understand the importance of investing to get great results.
Self-employed content creators can significantly benefit from expert accountants to help improve cash flow and maximise profits. MyTaxDoc offers straightforward solutions that will give you back the gift of time and ensure your accounts are watertight, allowing you to focus on your business.
Save Time and Hassle
We’ll help you stay on top of the day-to-day tasks such as filing receipts and logging expenses, as well as the more demanding jobs like submitting your annual returns.
Avoid Penalties
As a business owner, you have a lot of legal responsibilities. To avoid falling foul of HMRC, we’ll make sure your tax returns are accurate and submitted on time.
Keep More of Your Profit
MyTaxDoc understands how online content creators earn their income, and we can offer valuable advice on becoming more tax-efficient.
Which Expenses Can Instagram Influencers Claim?
Running an influencer business can be expensive. However, as a small business, online content creators can claim tax back on certain expenses, provided they were incurred for business purposes. These include:
- Equipment (e.g. cameras, lighting, laptops)
- Software (e.g. photo editing tools, e-commerce platforms)
- Working from home costs (e.g. increased electricity bills)
- Marketing (e.g. paid advertising)
- Office costs (e.g. rent, furniture)
- Travel to work engagements (e.g. air travel, train fares, fuel)
Why Influencers Choose MyTaxDoc
As a relatively new profession, many people still don’t fully appreciate the financial and business needs of influencers, bloggers, and vloggers. At MyTaxDoc, we understand that running a business as a content creator is demanding and requires dedication and expertise.
MyTaxDoc is the ideal Chartered accountant for Instagram influencers. The combination of our social media knowledge and accounting expertise makes us the perfect fit for influencers. Trust us, you need us in your life – if we can make accountancy look good online, just imagine what we can do with your finances!
Ready to Transform Your Accounting Experience?
You entered your profession to pursue your passion, not to worry about taxes and compliance. Let’s start with a FREE discovery call. No obligation, just a chance to learn how much easier your financial management can be with MyTaxDoc.
