Where first-year allowances, such as the Annual Investment Allowance or full expensing, are not claimed in respect of capital expenditure on plant and machinery, or not claimed in full, relief is instead given by way of writing down allowances (WDAs). The rate at which the allowance is given depends on whether the expenditure is main-rate […]
Reduction in Written Down Allowances on Equipment from April 2026 Read More »
They miss out because of small assumptions that quietly build up until the claim becomes stressful, delayed, or impossible to support properly. If you run a media production company, creative tax credits are not just something to think about after delivery. They affect how you budget, contract, track costs, and protect cashflow between productions. A
As announced at the time of the 2025 Autumn Budget, the ordinary and upper dividend tax rates are increased by two percentage points from 6 April 2026. The additional dividend rate remains unchanged. The increase will affect those with shareholdings who receive dividend income, as well as shareholders in personal and family companies who extract
Taxation of dividends in 2026/27 Read More »
Not because it is wrong, but because it can create extra admin. Here is why 31 March is often worth considering for media production companies. First, it matches the tax year. That keeps planning simpler. One set of dates, fewer moving parts. It also makes life easier for directors and shareholders’ personal tax. Your company
It is the feeling that you are paying more, for something you did not ask for. I have had a few conversations recently with freelancers in film, TV, music and content who are annoyed about the extra cost of getting set up for MTD. I get it. Your work already comes with enough moving parts.
Making Tax Digital is not the bit that frustrates creatives. Read More »
And yes… that can be true. But honestly, what I see day-to-day with creative people isn’t usually that they’re careless. It’s that they’re cautious. They don’t want to get it wrong. They don’t want to feel like they’re “pushing it”… or doing anything that might come back to bite them later. And I get that,
That’s the quiet reality behind Making Tax Digital. It’s not just “a new way to file”. It’s HMRC nudging self-employed people towards a more regular rhythm of reporting. And for creatives, that matters. Because most of the people I work with don’t have neat, predictable months. They have: So when someone says, “It’s just quarterly
If your work comes in waves, your admin can’t stay on an annual timetable anymore. Read More »
But for a lot of creative people, it does. You’re deep in a project, chasing invoices, juggling dates, managing kit, travel, agents, subs, edits… and suddenly someone says, “Your year-end is coming up.” And your stomach drops. Because year-end has a way of turning vague money worries into loud ones: I’ve worked with creative professionals
Year-end shouldn’t feel like a fire drill. Read More »
In today’s creator-led economy, more artists, designers, writers, filmmakers and other creatives are turning passion into business. Yet while creativity fuels innovation, the financial side is often complex, inconsistent and misunderstood. That’s precisely why a niche accountant for creatives isn’t just a luxury — it’s a strategic advantage. 1. Creative Income Isn’t “Traditional Income” Unlike
Why Creatives Need a Niche Accountant — And What That Really Means Read More »
Making music is creative, expressive, and deeply personal.Unfortunately, tax is none of those things — and that’s where many musicians get caught out. Over the years, I’ve seen incredibly talented musicians lose money, sleep, and sometimes momentum, simply because no one ever explained the financial side in plain English. Here are the five biggest tax
The 5 Biggest Tax Mistakes Musicians Make (And How to Avoid Them) Read More »