| TV and Media Zone |
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| Bailey & Associates provides accountancy services to many freelancers in the TV and media industries. Freelancers - particularly those in television - have to work to the industry's own set of tax rules, so it's important to work with an accountant with experience in the sector. |
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| Please find below more details about the services and expertise we offer freelancers in the TV and media industries: |
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| Status, Contracts and Holiday Pay |
| The television industry has its own set of rules governing when, and for how long, people can work as freelancers. We know the rules, and will be able to give you help and guidance on any issues you may face. We can also help you with queries about contracts or holiday pay. |
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| Limited Companies |
| Many freelancers operate through their own Limited Company. This can have several advantages, one of which is to reduce your overall tax bill. If you already have a Limited Company we can help you prepare your annual accounts and company tax return. Or, if you don't have a company, we can tell you if using one will suit your individual circumstances, and help you set up a firm if appropriate. |
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| VAT and the Flat Rate Scheme |
| VAT can also be an issue if you're freelancing. We can give you advice on when you need to register for VAT, and assist you in preparing your VAT Returns. The Flat Rate VAT Scheme is also very popular with freelancers, and we can run you through the pros and cons of this option. |
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| IR35 |
| The rules about disguised employment, normally referred to as IR35, are important as they can lead to unwelcome tax bills. We will run you through these rules, and can review contracts to see whether they are caught by the IR35 legislation. |
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