Olivia is an author in her spare time and has written her first book. She’s thrilled that she’s been offered a publishing deal to pay her an advance of £50,000. Then she discovers that the £50,000 will be added to her income for the year. As she already has a good income from Read more…
Many of our self published authors get the majority of their income from Kindle Direct Publishing (KDP). From a VAT perspective this is treated as a business-to-business sale and takes place where the customer (KDP) is based. It is outside the scope of UK VAT and therefore there is no Read more…
One of the early tax breaks to help businesses dealing with coronavirus was the ability to defer VAT due due in the period 20 March 2020 to 30 June 2020. In practice that means the VAT returns for February, March or April 2020. This VAT was only ever deferred and Read more…
Earning money as an author – whether as a sole trader or through a limited company – means you have to comply with the same rules that any business needs to follow. The Information Commissioner’s Office (ICO) is the independent organisation responsible for protecting data privacy for individuals. Every small Read more…
For many authors their social media accounts are an important part of their lives – both from a business and a personal point of view. It is possible (and sensible) to cover what happens with your digital assets and social media accounts as part of planning your Will. We can Read more…
The Government has announced two further grants to support the self employed during Coronavirus. To qualify self employed individuals or members of a partnership must: have been previously eligible for the Self-Employment Income Support Scheme first and second grant (although they do not have to have claimed the previous grants) Read more…
It isn’t a legal requirement to have a business bank account but, unless you have just a few transactions a year, we’d recommend having a separate account for your writing income. Here’s why: You’ll save time (and possibly money). Having your business and personal accounts mixed up means a lot Read more…
Woohoo.. We’ve had our first review on our new Facebook site – and we’re delighted it’s a nice one. Thanks Oliver!