Here’s a breakdown of potential products and services for Influencers.Accountants:
Products:
- Income Tracker Software
- Customised tools for tracking earnings from multiple platforms like YouTube, TikTok, Instagram, and Patreon.
- Expense Management App
- A mobile app to categorise and track expenses for tax deductions.
Services:
- Tax Planning & Compliance
- Ensuring influencers meet UK tax regulations, including filing self-assessment tax returns.
- VAT Services
- Guidance on VAT registration, filing, and reclaiming for influencers earning over the threshold.
- Expense Management
- Advice on allowable expenses, ensuring creators maximise deductions.
- Income Structuring
- Assistance with separating business and personal finances for smoother financial management.
- Payroll Services
- For influencers managing teams, ensuring salaries and taxes are properly handled.
- Brand Collaboration Accounting
- Guidance on managing income from sponsorships, affiliate marketing, and partnerships.
- Financial Growth Advice
- Strategic advice on investments, savings, and scaling a creator business.
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