I’m A YouTuber, What Can I Claim As Expenses?

YouTube Expenses

YouTube Expenses Deductions Guide Since the Covid pandemic at the start of 2020, more and more people have started their career on platforms such as Twitch, YouTube, OnlyFans and more, so understanding YouTube expense deductions could get confusing. …But, a lot of people still don’t understand the tax around working on one of these platforms. […]

How To Pay Yourself From Your Own Company

So I Started My Own Company – Now, How Do I Pay Myself? Congratulations! Starting your own company is a huge step for anyone to make, and it can be an extremely rewarding one. There are many reasons someone might want to start a company; from passion to profit, but almost everyone who starts their […]

Fines & Penalties For Late Filing

Making sure that you have your accounts and finances in order can often be a bit of a chore but doing so means you’ll save yourself a lot of hassle, stress and possibly money – especially if you procrastinate and file late. Missing filing deadlines will result in penalties that increase over time, so it’s […]

How To Spot An HMRC Scam

How to spot a HMRC Scam Feature image

What this? A random brown envelope has been put through your letterbox. Your anxiety raises to a whole new level! What’s going on?! Am I in trouble?! What do I owe?! Did I do everything right?! I must have done something wrong! ARGH!!! Calm Down, Worth It Has Your Back! Fake letters from Her Majesty’s […]

What Is A UTR Code?

what is a utr code

Big Questions! What Is A UTR, Who Needs One And When Will You Need It? If you’re setting up your limited company or starting out as self-employed, you’ll come across the initials UTR. But what do they mean? UTR stands for Unique Taxpayer Reference, and each is a ten-digit number unique to the individual or […]

Taxes & OnlyFans Models

Taxes & OnlyFans Models feature

More and more joining OnlyFans With more and more people in the UK starting up OnlyFans Accounts, some may not realise that the income is taxable and that it could cost them a big amount. OnlyFans, just like YouTube, Twitch, content creators, public figures, and influencers get their content out to a wider audience and […]

Taxes On Earnings For Twitch Streams

taxes and twitch streams

Twitch is a very popular platform where millions of people come together every day to chat, interact and make their own entertainment together. If you’re earning money on the streaming platform either as an affiliate, a partner, or via donations, you’ll need to pay income taxes. If your revenue is more than £1,000 you will […]