In this article, we’ll run through some of the biggest accounting influencers and thought leaders — and why you should follow them. We’ll look at accounting experts who are active across social media platforms, blogs, podcasts, and the speaker circuit. All of these platforms offer the chance to automate your accounting processes.
Content Snare: Streamlining processes across the accounting industry
Managing your small business as a creative freelancer just got easier – we hope! By running a consistent process to make sure payment terms are agreed to upfront and accurate invoices are sent, you’ll spend less time worrying about chasing payment and more time creating. There are plenty of resources available to help you grow your business and ultimately your brand.
Switch accountants. For the last time.
There are some basics to get right when creating a professional invoice. You can setup an invoice template, download a free invoice template, or use a software solution to create and send professional invoices (e.g. Lumanu, Freshbooks, Quickbooks). The nice part about software is it will help with tracking invoice status as well as providing fast payment processing options. Brands are more and more flexible when it comes to paying freelancers, especially social media influencers.
Plan for taxes in advance
Leveraging positive reviews and testimonials on social media can also reinforce your firm’s reputation. When used strategically, social media becomes a valuable asset for growing your accounting business. We use the best software for your business to help save https://www.bookstime.com/ taxes, Xero, Quickbooks, Dext and more. We’ll have you up and running, with a full financial picture, in no time. Whether you’re a content creator, a Youtuber, or a business in this industry, pre seed or growth stage, we have the right plan for your business.
- If you make more than $400 per year after operating expenses, you’re expected to make payments on your self-employment taxes every quarter.
- You can setup an invoice template, download a free invoice template, or use a software solution to create and send professional invoices (e.g. Lumanu, Freshbooks, Quickbooks).
- With over three-quarters of a million followers across LinkedIn and Twitter, Tom Hood is an influential person in the accounting world.
- Under our Client Service Guarantee, if you contact your accountant before 3pm, they will get back in touch with you that very same day.
- The same consideration applies here as to protecting your personal assets.
- In this article, we’ll provide you with 126 creative social media post ideas tailored specifically for accountants, ensuring you stand out from the competition and attract valuable leads.
Why Accounting Matters for Content Creators
- In this article, we’ll run through some of the biggest accounting influencers and thought leaders — and why you should follow them.
- The accounting profession is well blessed with a growing number of high-profile people who share the ideas and wisdom you need to stay ahead of the curve.
- Originally from the UK, James cut his teeth working as a CPA at Big Four accounting firm Deloitte, before branching out on his own.
- Carter says he loves teaching tax-saving strategies and he sometimes teams up with other financial advisers to teach masterclasses on financial matters.
- Ultimately when running your business, you are going to want to choose how to manage your accounting.
- Keeping a detailed financial record will ensure you are getting every deduction possible.
At Thomas & Co Accounting, we specialise accounting for influencers and accounting for content creators – we work with them every day. If you’re looking for a social media accountant, we have a wealth of expert knowledge and experience. With a modern, tech approach to accounting, Gorilla is the UK’s Most Trusted accountancy firm for content creators and social media influencer accounting.
A true thought leader in the accounting space, she’s the author of The Designated Motivator. Amy hosts a podcast called Breaking Beliefs, which explores how to break the habits that are holding us back from success in life and business. Kelly has written four accounting books, including the best-selling 100 Things You Need to Know About Money.
- We work exclusively with content creators and influencers—no one else.
- Gathering client information and documents is a big part of being an Accountant.
- All-in-one tax, bookkeeping, and tax service with simple monthly pricing.
- In this article we have compiled our 7 essential financial tips for influencers and content creators based on years of experience – you can thank us later.
Tax Deductions for Influencers & Content Creators: Maximise Earnings
Either way, there is no ‘how to become an influencer overnight’ handbook that works for everyone. Having the support around you from management and a social media accountant can also pave the way to ensuring your success online is long term. This means there are thousands of social media influencers who have propelled themselves into the spotlight, but need support on how to manage the finances they’re now earning. Even if you’re great at managing money, working with a financial advisor who understands the influencer industry can offer personalized advice and save you money in the long run. A mistake a lot of digital creators make in their bookkeeping is only jotting down the money they end up with after fees from payment processors get taken out.
Top brands realize that collaboration is about partnerships and flexibility can go a long way. It is a good idea to propose the payment terms and methods you prefer when engaging with a brand. Ultimately when running your business, you are going to want to choose how to manage your accounting. Digital creators should lean more towards tools that integrate well with online payment platforms, and social accounting for content creators media revenue as well as offer flexibility for tracking multiple income streams. For digital creators, expenses such as software subscriptions, advertising costs, equipment upgrades, and platform fees can quickly add up. These are essential for creating content, reaching audiences, and running the business, but if they’re not carefully managed, they can eat into your earnings significantly.
February: Preparing for Tax Season
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