A guide to tax for creative people aka How to keep more of YOUR money!

Did you know you could get a third off your ticket to the LSF?

One rule of surviving as a creative is to maximise your tax position. I can’t believe how many people take their writing and film making seriously, but fail to take their business seriously!

For instance, did you know that the cost of attending professional training, such as the London Screenwriters’ Festival, including travel, accommodation and food is tax deductible? If you are VAT registered, it gets even better!

That’s just one example of the many cash saving tips you can expect from Accountants Andrew Subs and Barry Kernon whose firm HW Fisher specialize in accounting for writers. The video above is from the festival in 2010 and offers great insight for those who run, or are starting of thing of running, their own small business.

So here is what to do…

1.    Buy your ticket here with the discount code CHRISJONESBLOG and get 10% off.
2.    Put this ticket through your business as a tax deductible, which depending on your tax position, could be as much as 40%.
3.    Keep receipts for all your expenses while attending, they may be tax deductible too.
4.    If you are VAT registered, you could claim a further 20% back from your LSF ticket (we’d rather you get that 20% back than the tax man keep it!)
5. If you don’t own and operate your own business, look into it. There are SO many advantages.

Can you see how running your own small business makes sense?

Onwards and upwards!

Chris Jones, Film Maker and Author

www.livingspiritgroup.com
www.ProductionOffice.org

e: mail@livingspirit.com

One Response to A guide to tax for creative people aka How to keep more of YOUR money!

  1. Gail October 14, 2011 at 8:34 pm #

    Just watched this beginning to end and took about 10 pages of notes.

    Tax and Accountancy might not be a subject that sets the heart a beating of a frustrated writer but let me tell you this gave me food for thought on Income, Expenses, Profit and Loss.

    (particularly liked the comedy crockery crash around the 35 min mark )

    Thanks for posting.

    Gail

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