In The Know

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

Should I pay tax on my OnlyFans income?

Personal Income Tax The income made from OnlyFans is subject to income tax and national insurance, if you are not working through a limited company, and therefore you must be filing personal tax returns (PTR) with HMRC for the profit they make from the site. HMRC have stated they will be targeting OnlyFans and other […]

Read More

Tips for Amazon trading, be the best.

The amazing guys at have kindly given us some insight on the trials and tribulations, trading on Amazon. Owner & Entrepreneur, Phil Bone, is an expert in all sorts of support and protective wear for sports and has been a huge success selling on Amazon. How did the great man do it? Why did you […]

Read More

Amazon Accounting made simple

Amazon accounting is extremely complicated with many traders using the net amount paid to them as their sales figure, which inevitably ends up with tax investigations. The Amazon report summaries are very confusing, none of which seem to tally back to the amount paid into the bank account, if you are using date range reports […]

Read More
Laptop being closed

What you need to do for Making Tax Digital (MTD)

From April 2019, most VAT registered businesses with a turnover above £85,000 must keep their VAT records digitally and use Making Tax Digital compatible software to submit their VAT Returns. We explain what you need to do.

Read More
Metro Bank Borehamwood branch

Metro Bank Business Account

With Metro Bank being one of the fastest growing banks in the UK, we have pleasure in announcing preferential rates for any of our clients. Find out more about the benefits we can offer such as ongoing free banking and automated bank feeds.

Read More