Accountants for Photographers.
Specialist accounting for professional photographers.
As your accountant we understand the importance of minimising tax, providing guidance, meeting deadlines and freeing up your time to run your business. We have chosen to specialise as accountants for photographers. This means we understand the challenges specific to your industry enabling us to offer you a bespoke service and utilise similar client experiences for your benefit.
We work with both self-employed photographers and those who operate as a limited company.
Self-employed/sole traders.
We work with photographers to prepare self-employed business accounts and tax returns. Through understanding your business we review and advise on ways to optimise your tax position and ensure you meet all of your filing and payment deadlines. The benefits of working with us are:
- Knowing that your return will be completed correctly
- Guidance on tax deductible expenses for marketing professionals to optimise your tax positions
- Clear timelines for submission and payment deadlines
- Support all year round for business and tax queries
- Self employed help sheet specific to photographers to summarise the key things you need to know
Limited companies.
Limited companies are required to file statutory financial statements at Companies House, as well as a corporation tax return with HMRC. We carry out this complex process for you to ensure you meet all of your obligations whilst ensuring tax efficiencies.
- Peace of mind that your company accounts and corporation tax return will be completed accurately
- Guidance on tax deductible expenses to optimise the company tax position
- Tax planning to ensure extraction of profit from the company is optimal for you as a business owner
- Clear timelines for submission and payment deadlines to avoid interest and penalties
- Support all year around for business and tax queries, not just at year end
- Limited company help sheet to summarise the key things you need to know as a photographer
- Completion of documentation required to remain compliant with the Companies Act
- Completion of bookkeeping and quarterly VAT returns to free up your time
- Monthly and annual payroll submissions to HMRC
What expenses can I claim as a photographer?
- Rental costs for studio space or shoot location
- Camera and lenses
- Lighting equipment
- Tripods and attachments
- Shoot related costs e.g. props, backdrops and memory cards
- Camera bags and straps
- Travel costs to shoot location
- Training costs to enhance your existing photography offering
- Advertising and marketing costs
- Subscriptions such as Zoom, Adobe, file sharing systems and photo editing suits
- Legal and financial costs e.g. accountants and public liability insurance
- Website costs
- Photo printing costs and album printing costs
- Postage and packaging costs
How else can we support you?
- Pricing strategy – understanding the costs in connection to each shoot for example, travel costs, assistant fees and cost of props and how this interacts with the post shoot costs such as editing time and client meetings to determine a pricing structure
- Budgeting for your tax bill – guidance on how much money to save to pay your tax bill at the end of the year
- Genuine interest and passion for your business
- Help improve your business strategy by understanding the barriers to growing a photography business
Everything we do is for the benefit of our amazing clients…
Fantastic accountants!
Have been using for two years to present. Always do a great job, fair pricing, very friendly and approachable, will get back to you on all questions promptly.
Matt Dwornik
We are a tech-orientated accounting firm that operates virtually for your convenience and efficiency.
We utilise Zoom for our meetings to provide convenience, flexibility, and efficiency to our clients. By leveraging Zoom, we offer the convenience of joining meetings from anywhere with an internet connection. This flexibility saves time and eliminates the need for travel, allowing for more frequent and productive discussions.
Xero is a leading cloud accounting software and excellent financial management tool; you will have access to real time financial data and performance insights right from your pocket. As Xero partners and certified advisors, we are able to offer expert software training, troubleshooting and advice on software’s that integrate with Xero to make your processes automated and efficient.
Dext is the modern, AI focused and simple way to bring all your paperwork together in a standardised, digital format. Whether it’s a receipt, invoice, or a bank statement, upload it conveniently to Dext and avoid manual data entry, piles of paperwork and the dread of locating information for HMRC. Dext also integrates seamlessly with Xero for an integrated cohesive financial process.
We recognise that its often difficult to remember everything, especially in complex areas, and that scrolling through endless emails to find an explanation can be frustrating. That’s why we utilise loom to record on screen videos to talk you through questions, provide guidance and create a library of videos to support you as your business grows.
Our client portal offers secure access to all your financial data, including accounts and tax returns, from anywhere. It’s a convenient hub for sharing information, ensuring transparency and accessibility. With real-time updates and robust security measures, you can collaborate seamlessly with our team, knowing your data is protected.
Our key accounting services for photographers.
Self-employed Accounts & Tax.
We work with you to prepare your self-employed business accounts and tax return. Through understanding your business we review and advise on ways to optimise your tax position and ensure you meet all of your filing and payment deadlines.
Ltd Company Accounts & Tax.
Limited companies are required to file statutory financial statements at Companies House, as well as a corporation tax return with HMRC. We carry out this complex process for you to ensure you meet all of your obligations whilst ensuring tax efficiencies.
Bookkeeping.
Keeping on top of your business records can be time consuming and confusing. The Orenda Collective can maintain accurate and timely financial data for you that you will have access to all year round.
VAT.
Businesses with sales exceeding £85,000 in a 12 month rolling period must charge Value Added Tax (VAT) and complete quarterly VAT returns. We can advise on VAT issues as well as taking on the whole process for you.
Payroll.
Payroll is not straightforward and requires information to be submitted to HMRC on a monthly basis. Let us take care of this for you to ensure you meet submission deadlines and avoid penalties.
Company Secretarial.
When running a company you must keep up to date with legislation that may affect your business or its directors. We are here to provide our clients with up-to-date support and guidance.
