Tax
Day to day
Contractors and freelancers
Online and property
Professionals and start-ups
Popular areas
Free calculators
Cameras and lenses are expensive, income is bursty and deposits arrive months before shoots. Good records turn that into predictable tax and cash.
Accountants for photographers and videographers handle equipment allowances, booking deposits, licensing income, VAT and travel costs. Many start on Essential at £45.83 + VAT a month.
The parts of the rules that matter most for this kind of company.
Cameras, lenses and editing kit qualify for capital allowances, often in full in the year you buy.
Wedding and event deposits are not all income yet, so revenue timing affects profit.
Image licensing and overseas clients have specific VAT and currency treatment.
Location travel is allowable when it is business travel, and second shooters need the right status.
The parts of the job that matter most for this kind of company, and how we handle them.
Cameras, lenses, lighting, drones and editing computers are capital items that qualify for allowances, often in full in the year you buy. Because kit is replaced often, the tax effect of timing a purchase is real.
We keep an asset register, claim the right allowance and plan upgrades so the deduction lands where it saves most.
Wedding and event deposits arrive months before the shoot and are not all income until the work is done. Image licensing and stock library income arrive from several sources, sometimes abroad, with different VAT and currency treatment.
We set up deferred income for deposits and a clear way to record licensing and overseas receipts.
Travel to shoots is allowable business travel when it is to a temporary workplace, and mileage or fares are recorded for each job. Second shooters and assistants need the right status, and insurance for equipment and liability is an allowable cost.
We record each job's costs so you know which shoots are most profitable.
Equipment, public liability and professional indemnity cover are allowable, and copyright ownership should be written into your terms.
What happens, and when.
Equipment is often the largest deduction.
It overstates this year's profit and tax.
Treatment depends on the client and service.
Prices exclude VAT. Final price depends on turnover and options.
Micro and new companies
£45.83a month + VAT
Trading and online businesses
£62.50a month + VAT
Growing, data-led teams
£75a month + VAT
Full expensing gives 100% first-year Corporation Tax relief on qualifying new plant and machinery, and the Annual Inv...
→GuideA limited company can claim expenses that are incurred wholly and exclusively for the business. Keep receipts, separa...
→ArticleHow capital allowances work for limited companies: the Annual Investment Allowance, full expensing, cars, vans and ho...
→ArticleHow limited company directors can claim working from home expenses, the £6 per week flat rate, the proportional metho...
→“He took the time to explain every step of the process and made a complex situation much easier to understand.”
“They take the time to understand how our business works and what our needs are.”
“Very prompt in responding to questions and patient with us even when we seem to be slow.”
“He took care of everything promptly and kept me informed throughout, which was greatly appreciated.”
“It was a pleasure working with Anum on our accounts. The whole process was swift and effortless, and it was one less thing to worry about.”
“The work was completed promptly, my tax return was successfully filed.”
Not entirely. It is generally recognised when the work is done, so we treat deposits as deferred income in your accounts.
Tell us about your company and we will confirm your fixed fee within one working day.