General advice
Time to remortgage?
It may be a good time to review your mortgage. House prices have increased in many areas and this can mean that the amount of the mortgage may now be a lower proportion of the value of the house. Lenders Read more
News
Tax
Why an author shouldn’t give their copyright to their company
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 Read more
Tax
High Income Child Benefit Charge – what happens when you previously elected not to claim but your circumstances have changed?
The 20/21 tax year has been a difficult year financially for many due to the pandemic and you may have had unexpected changes to your household income. If you haven’t been claiming Child Benefit payments, it’s worth checking whether you Read more
Tax
Voluntary VAT registration for self published authors
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 Read more
Tax
Deferred VAT
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 Read more
General advice
Does an author need to register with the ICO?
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 Read more
Wills
Social Media Wills
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 Read more
Tax
Tax relief at Christmas
The tax man isn’t always Scrooge when it comes to celebrating Christmas provided you’re running a limited company. Your company can pay for a Christmas party for your employees (including you if you are a director) for up to £150 Read more
Tax
Extension to Self Employment Income Support Scheme
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 Read more
Tax
I’m a self-employed writer and working from home – can I claim any expenses against my income for the use of my home?
As self-employed individual who works from home is entitled to claim any costs that are wholly and exclusively incurred for business.If you incur costs that have both a business and personal element you may claim a proportion of these costs. Read more
