Accountants for marketing and creative agencies

Agencies bill retainers monthly and projects by milestone, but the work is delivered over time. Revenue should be recognised as the work is delivered, so an advance payment or a milestone invoice is not all profit yet.

We set up deferred and accrued income so each month's profit reflects the work actually done and your tax is calculated on the right figure.

• Deferred income for advance billing
• Accrued income for unbilled work
• Monthly profit you can trust

Most agencies lean on freelancers. A freelancer who works only for you, on your hours, with your tools, may be treated as an employee. Larger agencies also have duties under the off-payroll rules when they supply workers to clients.

We review the working practices and contracts of each regular freelancer and document the position.

• Status reviewed for regular freelancers
• Contracts that reflect the reality
• Off-payroll duties checked

Whether you buy media as principal or agent changes your turnover and VAT. Services to overseas clients have their own VAT treatment, and currency conversion needs a consistent method.

We set the treatment in your terms and your books so your VAT returns and your gross profit are right.

• Principal or agent set out
• Overseas VAT treatment
• Consistent currency conversion