From The Accountants

Multi currency vat amazon uk

There are hundreds of thousands of UK traders on Amazon, etsy, eBay and Shopify to name but a few. However, every business owner has the same issues when selling abroad, what is vatable and what is not? Here at My Accountant Friend we have come up with the perfect solution. With our MAF dedicated accountants, […]

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Accounting for OnlyFans, Fansly and other online content creators

With over 100,000 (July 2022) UK OnlyFans creators, OnlyFans is strongly becoming the fastest growing income stream for many young adults and you can easily see why – Many creators are earning more in one month, that they can earn in a year with a ‘normal’ 9-5 job. The content can be created instantly, from […]

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OnlyFans accountancy package

Following feedback from many of our Only Fans creators, we are pleased to announce a basic package for anyone using OnlyFans and Fansly in the UK. Included in the package Monthly tax advice (sole trader only) Bookkeeping advice on what you can and cannot claim Personal tax return preparation and submission to HMRC Dealing with […]

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Pick your accountant carefully

Pick your accountant carefully Have you ever asked your accountant about Managed Service Company (MSC) rules? After a very recent investigation, by HMRC, into contractors and their relationship with their accountants has resulted in one Accountancy firm being deemed a MSC provider. What does this mean and how did it come about? An MSC provider […]

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Trading online – small margins

Many clients have come to us for financial guidance AFTER they have started trading online, spending time and money setting up websites and creating online accounts with their chosen sellers from Amazon, EBay, Shopify & Easy, to name a few, only to find they have wasted their time and money! Every trader must earn money and money […]

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OnlyFans Recommended Accountant

Many OnlyFans creators go into panic mode when it comes to taxes, finances and general numbers. So here are a few tips to ease your mind.

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Sole Trader Accountant

Sole Traders know they are in safe hands with our personalised accountancy service to suit you and your business! Starting from £40+vat per month we provide a full service from bookkeeping, income and expenditure and personal tax returns. We will remove all your hassles from keeping receipts to real time tax liabilities. Our friendly expert […]

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OnlyFans Accountant

  OnlyFans Tax Advice     If you’re just starting out as an online content creator and you don’t know the first thing about taxes…   The most important things to understand:    Your income will be subject to taxes and you must submit a personal tax return. You will have to enrol yourself with […]

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MTD for Personal Tax

MTD for Personal Tax   Making Tax Digital is hitting the personal tax market in April 2023. Plenty of time I hear you cry…..or is it?   You only have one full tax year left to make sure you tick all the boxes.   So what does MTD for personal tax actually mean?   After […]

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