Well, here’s something you don’t hear an accountant say very often: Tax might actually be the hero in this story. Yes, I know. Usually when I mention HMRC, it’s followed by a sharp intake of breath or a quiet groan. But this time, it seems… dare I say it… they’re
If you’re anything like many of my fabulous performer clients, your house probably contains a carefully curated mix of props, vintage bits, musical instruments, and at least one sparkly outfit that “might come in handy again one day” (but hasn’t since 2017). So, when the spring cleaning mood hits and
I have a confession to make… Football has never really been my thing. The offside rule? A mystery. The sheer passion of the terraces? Impressive, but not quite my cup of tea. Give me the soaring power of a Puccini aria over the roar of a match-winning goal any day.
I know tax talk isn’t as exciting as a standing ovation, but stick with me – this could save you from a nasty encore with HMRC. 1. Overlap Relief: A Delayed Entrance (No booing required!) If you’re waiting for HMRC to send your overlap relief figures, don’t panic! If you
….and not just for future opera singers-turned-accountants! Why music matters – Imagine the scene: A young, ambitious student passionately singing an aria in a school music room, dreaming of taking centre stage at the Royal Opera House. Fast-forward a couple of decades, and she’s not belting out Puccini anymore—she’s balancing
Hello, you fabulous folk! The update you’ve been waiting for all week. It’s finally here! Rest easy. I know – I bet you were dying for updates from the accountant world. Right up there with sorting out that pile of receipts you’ve got lurking on your
We are urgently warning performers without professional representation (by us or whoever else runs their accounts) to keep an eye on the post as HMRC begins to roll out what is known as “Basis Period Reform”. For some performers, there is a chance of welcome news but only if they
Understanding Cash Basis and Accruals Basis for Your Accounts and Tax Return in the UK As a musician, you probably spend most of your time thinking about your music, not about finances. But when it comes to managing your money and filing your tax return in the UK, it’s
There’s a lot of stuff in the media at the moment about VAT (or the Very Annoying Tax) Various “raids” on school dinners (which sounds like the intro to “Grange Hill” – ignore me if that one is a bit old for you!), private school fees, even claims around brassieres!
Yep, it looks like one of those woeful ads that pop up on social media attempting to get you to click and go to some spurious article but in an interesting turn of events, this one is true. And lo, the words “interesting” and “HMRC” came together for the first
The spreadsheet has been built for the self employed performer to be able to capture their costs in an ordered fashion which will make it easier to complete the page in the self assessment tax return.
