Accountants for Influencers

Like any business owner, a social media influencer can enjoy the perks of working with a professional accountant to help manage their finances, meet their obligations and maximise their earnings.

The rise of influencers has been exponential in recent years due to the growth of social media platforms and changes in consumer behaviour. Social media influencers have become an essential component in the marketing strategies of major consumer brands, presenting a lucrative opportunity for innovative digital entrepreneurs.

This capacity for growth and low start-up costs have made becoming a social media influencer or content creator an accessible and desirable career path for thousands of people. If you are venturing into the world of online influencing, it’s vital that you establish sound financial management and understand your tax position, to make the most out of the opportunity.

At WIS Accountancy, we work with ambitious social media influencers and content creators to help them keep their finances simple, meet their tax obligations and retain more profit from their lucrative revenue streams. Contact us for a free consultation.

Do influencers need accountants?

As a social media influencer, you don’t have to hire an accountant, which is fine if you have a decent working knowledge of tax legislation and are happy to devote hours per week to tasks like bookkeeping. This may be manageable in the early days, but as your brand grows and you become more busy, accounting can feel like an unwelcome part-time job.

The alternative is to hire expert accountants so you can spend less time sweating about your finances and more time devoted to creating content and growing your brand. It’s likely far more cost-effective than you think and could save you money in the short and long term.

Benefits of working with an accountant for social media influencers

• Win back time: As anyone who’s filed a self-assessment tax return will tell you, it can be energy zapping. Add to that keeping on top of your bookkeeping and budgeting to ensure your cash flow stays healthy. As accountants for influencers, we understand your time is money, so we’ll take all of this off your hands.

• Avoid fines: HMRC hands out heft penalties for late submissions and mistakes, but we’ve got your back and won’t let that happen.

• Make more money: As your accountant, we will ensure you are tax efficient. Simply put, we’ll help you to claim every tax relief you are entitled to so you keep more of your profit.

• Get peace of mind: Chasing late payments, filing receipts and calculating your tax bill is not good for your wellbeing when you have a full-on job like content creation. Having a professional accountant in your corner can provide a sense of calm and control.