KBM UK provides accountancy services to many freelancers in the TV, media and technology industries. Freelancers have to work to the industry's own set of tax rules, so it's important to work with an accountant with experience in the sector
Status, Contracts and Holiday Pay
The television industry has its own set of rules governing when, and for how long, people can work as freelancers. We know the rules, and will be able to give you help and guidance on any issues you may face. We can also help you with queries about contracts or holiday pay.
Many freelancers operate through their own Limited Company. This can have several advantages, one of which is to reduce your overall tax bill. If you already have a Limited Company we can help you prepare your annual accounts and corporation tax return. Or, if you don't have a company, we can tell you if using one will suit your individual circumstances, and help you set up a company if appropriate.
VAT and the Flat Rate Scheme
VAT can also be an issue if you're freelancing. We can give you advice on when you need to register for VAT, and assist you in preparing your VAT Returns. The Flat Rate VAT Scheme is also very popular with freelancers, and we can run you through the pros and cons of this option.
The rules about disguised employment, normally referred to as IR35, are important as they can lead to unwelcome tax bills. We will run you through these rules, and can review contracts to see whether they are caught by the IR35 legislation.
Require more information?
If you would like more information or would like to speak to us direct then call us on 020 8992 9090. Or if you would prefer, ask us a question online.