http://www.sexaccountants.co.uk/blog/ The latest Blog feeds from www.sexaccountants.co.uk en-us Thu, 05 Mar 2026 07:58:29 +0000 Rocketspark http://www.sexaccountants.co.uk/blog/post/11235/OnlyFans-and-VAT/ I understand from a number of clients that OnlyFans have recently sent out a text which included this statement: As a result, OnlyFans will collect VAT as required and remit to the UK and EU tax authorities on the Creator’s behalf. As a Creator, you won’t need to fill out any forms, register for anything or send anything out. I disagree with this statement. The income you receive from OnlyFans is still taxable so you must register with HMRC and pay tax on your profits.The income counts towar... Fri, 03 Jul 2020 09:26:10 +0100 http://www.sexaccountants.co.uk/blog/#post11235 http://www.sexaccountants.co.uk/blog/post/10459/When-will-I-hear-about-the-self-employed-grant/ The government have said that most people who are self-employed will be able to claim a grant though the (COVID-19) Self-employment Income Support Scheme. You cannot apply for this scheme yet. HMRC will contact you if you are eligible for the scheme and invite you to apply online. HMRC have said you do not need to contact them and doing so will only delay the introduction of the scheme. I can’t see HMRC contacting you before the end of April because the deadline for submitting tax returns has ... Fri, 03 Apr 2020 12:04:18 +0100 http://www.sexaccountants.co.uk/blog/#post10459 http://www.sexaccountants.co.uk/blog/post/10411/My-advice-to-the-self-employed-who-havent-submitted-their-2019-tax-return-and-who-are-worried-about-their-tax-bill/ The government has introduced the Self-employment Income Support Scheme to help the self-employed affected by COVID-19 It’s a generous scheme – you’ll receive a taxable grant which will be (in simple terms) 80% of the average profits from the last three tax years. It is limited to £2,500 per month for three months and will be paid into your bank account, in one instalment, at about the end of June 2020. If you haven’t submitted your 2019 tax yet (the one covering the year to 5 April 201... Sat, 28 Mar 2020 10:49:54 +0000 http://www.sexaccountants.co.uk/blog/#post10411 http://www.sexaccountants.co.uk/blog/post/10399/The-Self-employment-Income-Support-Scheme/ This is a copy of the government email I have received.I have highlighted the important points.... Fri, 27 Mar 2020 09:38:59 +0000 http://www.sexaccountants.co.uk/blog/#post10399 http://www.sexaccountants.co.uk/blog/post/10346/The-Chancellors-latest-measures-to-support-the-self-employed-affected-by-COVID-19/ If you’re ill or you’ve been advised to stay at home If you are not eligible for SSP because you are self-employed and you have COVID-19 or have been advised to stay at home, you can now more easily make a claim for Universal Credit or new style Employment and Support Allowance. If you are eligible for new style Employment and Support Allowance, it will now be payable from day 1 of sickness, rather than day 8, if you have COVID-19 or are advised t... Sat, 21 Mar 2020 10:32:55 +0000 http://www.sexaccountants.co.uk/blog/#post10346 http://www.sexaccountants.co.uk/blog/post/10117/A-client-recently-asked-me-What-made-you-get-in-to-helping-clients-from-the-sex-industry-/ This is what I said: A few years ago, I wrote an article about accountants who don’t respect their clients and I questioned whether it was possible for those accountants to give a decent service with that attitude. It wasn’t aimed at a specific industry. Completely out of the blue a woman phoned me and told me her accountant didn’t respect her. The more we talked the more she explained her position. She worked in the adult entertainment industry and had used a local accountant for a number... Fri, 21 Feb 2020 10:57:30 +0000 http://www.sexaccountants.co.uk/blog/#post10117 http://www.sexaccountants.co.uk/blog/post/9993/Are-you-struggling-to-pay-your-tax/ If you're struggling to pay your Self Assessment tax you may be able to set up a payment plan with HMRC to pay it over the next 12 months. The best thing about it is you don't have to speak to anyone at HMRC because you can apply online. To be eligible to set up an online payment plan you need to: owe £10,000 or lesshave no other tax debtshave no other HMRC payment plans set up... Sun, 02 Feb 2020 09:24:50 +0000 http://www.sexaccountants.co.uk/blog/#post9993 http://www.sexaccountants.co.uk/blog/post/9234/The-pain-of-dealing-with-HMRC/ @bdsmmia, The Professional Dominatrix from Bristol, understands what it's like dealing with HMRC. Perhaps we chartered accountants should stop complaining and just enjoy the pain?... Tue, 10 Sep 2019 08:19:18 +0100 http://www.sexaccountants.co.uk/blog/#post9234 http://www.sexaccountants.co.uk/blog/post/9228/Telling-HMRC-you-are-self-employed/ If you started being self employed during the tax year ended 5 April 2019 and have not told HMRC that you are self employed you must do so on or before 6 October 2019.The HMRC website tells you what you have to do but why not ask an accountant to do it on your behalf. It's a lot easier.We include this service as part of our fee because it's so important to start off on the right track with HMRC.... Sun, 08 Sep 2019 19:55:12 +0100 http://www.sexaccountants.co.uk/blog/#post9228 http://www.sexaccountants.co.uk/blog/post/9221/HMRC--as-much-use-as-a-chocolate-poker/ Successive governments, Conservative, Labour and for a short term the LibDems (in coalition with the Conservatives), have over the last 30 years cut HMRC so much that it's no longer fit for purpose.... Sat, 07 Sep 2019 09:00:07 +0100 http://www.sexaccountants.co.uk/blog/#post9221