The Singing Accountant - Keep the Tax Man Happy

The Singing Accountant's Guide to Tax and Accounts

RRP - £17.99, Website offer £14 + p&p

By Louise Herrington

Are you an Actor, Singer, Musician, Dancer or Performer just coming into the industry and have no clue on what you need to do with regards to paying tax, and keeping your accounts & financial records?  

Are you not sure if you have done things correctly in the past?

Worried that something may come & bite you?


Louise Herrington is a fellow of the Institute of Chartered Accountants in England and Wales as well as working as an opera singer in the home counties and London. Where better to get your information from ??

Website Offer Price
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WHY THIS BOOK ?

Hi there, and thanks very much for landing on this page.  

I've written a book called The Singing Accountant's Guide to Tax and Accounts, everything a performer needs to know to keep the tax man happy.  

New actors, singers, dancers, musicians and others come into the Music, Arts & Entertainment as self employed people. We constantly hear that they don't know what to do in terms of tax and accounts and often think that they don't have to do anything for a few years and then start to worry about it then HMRC catch up with them. They get confused and fearful, and "Anna" is a typical example. 

'Anna' is a classical musician, she plays the violin but she is confused. She went to music college. They taught her brilliantly in what they're supposed to do as a musician. Absolutely fantastic education. Anna left college, straight in as a freelance orchestral player. But she doesn't really understand what she's supposed to do with her tax and accounts. Nobody explained things at college according to her. Friends and the man in the pub give conflicting advice. And she just does not have time to research what's it all about.  

This is why we wrote the book - for people like Anna. The book shows you how to set up with HMRC as a sole trader or self employed person. It looks at your basic bookkeeping and the most important chapter people go for are allowable expenses. We even touch at a high level on what you do in your self assessment tax return. Of course, we don't want to give everything away - how would we sell our training courses and accounting services! This is what one of our readers has said about the book.  

"The book is written as if someone is talking to you and explaining things to you as if you were going through the process at the same time. It acknowledges that “doing the books” and tax returns is a bore and a pain but does not dodge from the fact that those things absolutely have to be done. It isn’t a book just giving you enough information to be dangerous or not quite enough so that you have to go to the author and pay for their services – as it were. The author genuinely wants you to be able to do these things for yourself."  

Now here you can see one of the most popular chapters I've already mentioned. This is your tax deductible expenses for actors, musicians and other performers.  

Chapter 11: Tax deductible expenses for actors, musicians and performers . 89 Agents and promotion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .90 Research and training . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93 Outfits and equipment required for performance . . . . . . . . . . . . . . . . . . . . . . . . .94 Travel expenditure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..98 Office equipment and costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 101 Accountancy, banking and legal costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104 Employee costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 Other costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106  

I bet you'll be surprised at how many expenses you may not have been claiming and hopefully not too shocked at things you have been claiming for but should not have been. Oops.

Having read through this, Anna's quite happy. She's registered with HMRC, she's now keeping the correct receipts and funny enough she's actually updating her records most of the time.  

WHAT THIS BOOK HAS TO OFFER

The Singing Accountant's Guide to Tax and Accounts contains everything a performer would want to know about setting up as self employed, from registering with HMRC to starting to complete your self-assessment tax return & what can happen if things go wrong.

Palette

Registering as Self Employed

You will need to do a Self- Assessment tax return so have to register for both.

Monitor

Self-Employed vs Employed vs Limited Company

Which type of employment status are you or works best for you? Get it wrong, and oh boy.

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Overseas working

You need to ensure that you declare the correct amount of gross fees & expenses, but more important is the ability to offset any withholding tax and how to do it? Did you get your A1 form?

Gear

Paperwork Required

What should be on your fee invoice? Do you need to keep receipts? What about a bank account for your work?

Pen and paper

Allowable Expenses

What are allowable expenses / costs for performers? They are different from other professions and care needs to be take on some. 

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Other Important areas

What will you do when things go wrong? Should you be registered for VAT? Capital Allowances. Student loans. Insurances. When a payment on account should be made.

“When it comes to tax and accounts information, this is one of the first “one stop shops” I’ve found in my career as an actor and musician..”

Alex Fobbester - West End Actor

A Book For All

Although you can’t (legally) escape tax, you can make it much easier to deal with. Young or young at heart, this can be a scary place to be. The book is aimed at musicians, singers, actors, dancers and other performers based in the UK, although a lot of the book can be used for people outside this industry.

gears

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A Book Based On Facts

This book was written based off of cold, hard facts and lots of experience in dealing with HMRC and the lifestyle of performers. The book has true client stories and myths that are around in the industry. Some of the stories may be similar to your own situation. However, there are lots of grey areas as tax it not strictly black & white and options are available. This book hopefully dispels some of these myths and puts you on the right path.

Performance Accountancy

A Word About Performance Accountancy

Performance Accountancy is a combination of both professional worlds. The business offers accounting and taxation services to musicians, actors, singers, dancers, voiceover artists as well as other performers, people in the arts, media and entertainment arena, and the creative industry that surrounds them all. 

As Louise still performs, she has in-depth knowledge of the frustrations of trying to be creative and perform, alongside the administration nightmare that people face in dealing with finance and tax. 

In 2017, Performance Accountancy was a finalist in the Accounting Practice Excellence Awards as one of the top five specialist teams for her work with performers, so you know you are in good hands here. 

The image of a boring accountant is far from what Performance Accountancy represents.

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WHY WAIT? BUY NOW!

Why put off taking control of your tax & accounts? Make sure you are fully compliant and know what you need to do from the off-set. Of course you could sit & wait with your fingers crossed, or get an accountant to help you, or learn be proactive and ready for what you need to be stress free from tax. Doing nothing at all is not an option

The Singing Accountant - Keep the Tax Man Happy

R.R.P £17.99 £14.00 + £2.80 p&p

if you buy now as a website offer.

Dispatching within 48 hours, Amazon shows 1-3 weeks - ouchie