Award winning accountants for online models
Take the finances out of the spotlight with our specialist accounting services.
Manage sponsorship and streaming revenue
Tax planning and compliance
Expense management and budgeting
Royalties & licensing agreements
Ocelot – accountants for models
From TikTok to Instagram, YouTube to Facebook, online modelling requires more than just setting up a social media account and letting the cameras roll. You need to balance sponsorships, taxes, and an effective business plan – all while staying ahead of the latest trends in modelling.
That all sound a bit much? With specialist accountants for the modelling industry, it doesn’t need to.
At Ocelot Accounting, we understand the ins and outs of how to successfully manage the finances from your online content. We have a lot of experience with a great pool of clients, covering everything from social media influencers to streamers on Twitch. Our end goal is simple: remove the stress from behind the scenes so you can get on with doing what you do best. After all, online modelling requires time and attention.
I recommend you to anyone who asks for an accountant because it’s honestly been amazing working with you!noorie ana 300K+ followers
Why do online & social media models need accountants?
01
Complex revenue streams
Tracking and management of all earnings, whether from endorsements, brand deals, or personal promotions.
02
Tax advisory services
Comprehensive guidance on paying taxes as an online model, helping you remain compliant while optimising tax benefits.
03
Financial planning
With changing sources of income, accountants for models can provide advice and strategies to plan for the future.
04
Expense optimisation
Identify which costs can be claimed as business expenses to maximise your tax savings.
Frequently asked questions
Whether you’re an Instagram, TikTok, or any other type of online model, you’ll need to pay taxes on your earnings the same way as other professions.
In the UK, that means submitting a tax return for your earned income if it’s over £1,000 per year.
With modelling providing varied income streams including sponsorships, advertisements, and personal promotions, keeping track of your finances while remaining tax-compliant is much easier said than done. At Ocelot, we offer a straightforward solution.
As specialist accountants for the modelling industry, we’re familiar with the unique challenges that online models regularly face. As well as handling your income streams in one tidy, easy-to-understand package, our expert services can provide tailored advice to keep you ahead of the curve.
Models pay taxes by registering as a sole trader with HMRC and completing a self-assessment where yearly tax returns are filed to calculate deductible income.
Freelance models, such as Instagram models, need to register as self-employed as soon as they earn over £1,000 a year. When their self-employment earnings reach £12,570, they will start paying taxes. To pay taxes, models will need to keep track of their total income and expenses.
Yes, makeup, costumes, and modelling equipment can be claimed as a business expense. However, there must be proof that these items link directly to your work, as overclaiming can result in an investigation.
To prove your expenses, it’s important to keep sufficient evidence of receipts and bills associated with the expensed items. At Ocelot, our easy-to-use bookkeeping technology can help you keep track of all your expenses online!
The travel costs that can be deducted for modelling jobs and shoots include fuel, taxi fares, train, and plane tickets. When travelling for jobs and shoots, make sure to keep documentation of your travel so you have proof when expensing these costs. If you’re travelling far for work and need accommodation, you can also expense hotel costs.
