Savvy influencers today are geniuses when it comes to identifying revenue streams and earning money online. When it comes to accounting for your well-earned cash, however, things can become a little tedious. As a new industry, the rules around what an influencer must declare in their annual return can be confusing. It’s essential you understand how to account for your earnings and what your VAT and tax obligations are, or you risk getting penalized.

Self-employed content creators can really benefit from the services of expert accountants to help improve their cash flow and maximize their profits. Goodmen Ltd offers simple solutions to give you back the gift of time and ensure your accounts are watertight, allowing you to focus on running your business. As an influencer, if you earn over £1,000 in a single year, you must complete an annual tax return. When your earnings reach £12,570 per year (including certain gifts you may receive), then you must start to pay tax.

If you’re new to the wonderful world of taxes, don’t fret. We are on hand to help you calculate your income correctly, make sure you are compliant, and maybe even save you a few pennies to boot.

We will help you make sense of the guidelines and work out your taxable income, including gifts, appearance fees, advertising fees, royalties, and e-commerce. We will take the stress out of filing your annual return so that you have more headspace to focus on your business.