Independent artists require customised services to cater for their income sources, keep record of expenses incurred in acquiring art materials and other projects as well as legal compliances of taxation laws. Of equal importance, accounting offers financial understandability, enhanced business tactics, and tax regulation. Hire accountants for artists from Octa Accountants today.
Get Started With Octa Accountants
Ready to embark on your journey toward streamlined financial management? Here’s how to get started:
Book a Free Meeting
Contact us or use our calendar to schedule a free consultation with Octa Accountants' team. We're eager to learn about your business and its needs.
Discuss Business Needs
During our meeting, you'll have the opportunity to share your challenges while we offer tailored solutions designed to address them.
Meet Your Accountant
Once you're onboard, our team of accountants will diligently handle your accounting tasks, enabling you to focus on business growth and innovation.
Hire Accountants for Artists in the UK
An artist has the most exciting beginnings of their profession; however, dealing with taxes and financial responsibility can be daunting. You do not necessarily have to be an expert in accounting to do this either. You can pass those worries to our virtual accountants who are based in London and who are always keen in handling your financial issues with the utmost detail.
Dedicated Accountant
A personal, certified UK accountant for artists manages your accounts, books, and payroll efficiently – so you can spend your time on other operations. Any kind of creator can reach out to us to get personalised financial services.
Income Management
Many artists tend to work on a freelance basis and earn their money through sales, commissions, grants and royalties. The various types of these incomes require specialised accounting to be monitored.
Expense Tracking
Several types of expenses make up the entire costs. Expenses should be accounted for in a manner that is most effective in getting the highest value for tax exemptions and also for efficient budgeting. And we can help you in this department.
Tax Considerations
Artists are able to claim on certain tax deductions and credits. Our accountants for artists make certain that all the tax laws are strictly observed to conserve large sums of money.
Financial Planning
It would help consult accounting for putting in place a long-term financial model that comprises saving, investment, and directing one’s career as an artist towards retirement.
Project Profitability
It is possible to see the potential of any particular venture, which would let artists make the right decision going forward. So, we can assist you with your project forecasting as well.
Royalty & Licensing Management For Artists
Individual artists and musicians for instance engage in royalty and licence agreements and these are hard to manage. Managing such issues can be very useful especially if there is a dedicated service to offer such solutions to artists.
Royalty Tracking
Licensing Management
Compliance Monitoring
Income Projection
Accounting Service Packages For Artists
Every artist may have different set of needs depending upon their portfolio and career stage. That’s why Octa Accountants offer customised pricing plans for accounting and bookkeeping services.
Basic
£50
month- Income Threshold: Up to GBP 5000 / month
- Bookkeeping Basis: Monthly
- Unlimited Bank Connections
- Single Currency Support
Invoice ManagementMonthly Management ReportsBusiness Growth & Tax Advice
Starter
£150
month- Income Threshold: GBP 5001-25000/ month
- Bookkeeping Basis: Live
- Unlimited Bank Connections
- Multi-Currency Support
- Invoice Management
- Monthly Management Reports
- Business Growth & Tax Savings Advice
Booming
£300
month- Income Threshold: GBP 25001-50000/ month
- Bookkeeping Basis: Live
- Unlimited Bank Connections
- Multi-Currency Support
- Invoice Management
- Monthly Management Reports
- Business Growth & Tax Savings Advice
Enterprise Plan for Artists
A customised service plan dedicated for artists with custom needs. The Enterprise Plan includes ALL THE FEATURES from the Accounting Booming Plan along with MORE customized features & pricing!
Frequently Asked Questions
Here’s a list of frequently asked questions about our accountants for artists.
Why do artists need specialised accounting?
The financial situation that most artists face include balancing their inconsistent income stream, expensing various costs unique to their profession, and dealing with taxes.
What services do you offer?
Some of the services we offer include bookkeeping, tax planning, producing financial statements, cash flow management, and the management of your special projects.
How can proper accounting benefit me as an artist?
Accounting provides the necessary understanding of financial pressures, staying tax compliant, goal-setting, and optimization of tax credits.
What are the different service packages available?
Our basic, starter, and booming packages are flexible enough to cater for any level of an artist in his/her music journey.
Do you offer virtual accounting services?
Indeed, we are offering virtual accounting services in London superbly designed for clients who seek to have their finances managed remotely by professional accountants.
How can I maximise tax deductions as an artist?
We assist in defining possible deductions for expenses related to art activity so that you can fully-authorise on tax-saving measures.
Every kind of artist has different needs when it comes to managing finances. That’s why we prepare bespoke bookkeeping & accounting according to a client’s requirements.
Book a Meeting to discuss your needs and get a fully personalised plan!
Meet Our Clients
Ready for next step?
Are you ready to take your business to new heights? Contact the experts today to hire dedicated accountants for artists in London or any part of United Kingdom.
