Award winning accountants for social media influencers
Take away the stress of the numbers with our specialist social media accountants.
Manage multiple revenue streams
VAT planning & compliance
Expense management & budgeting
Royalties & licensing agreements
Ocelot – leading accountants for influencers
As an influencer, you’re used to driving trends and shaping online culture. But you do more than that too. You also manage a business. From collaborations and sponsored posts to affiliate marketing and product launches, social media can be an incredible source of income. Of course, income also means taxes. So how much do you pay and when? Should you pay tax on free gifts? And how about overseas income?
With a social media accountant, the answers are made simple.
At Ocelot Accounting, we have one aim: to make your finances easy. Why? Because that leaves you free to do what you do best: create content, inspire your followers, and live life to the full.
I recommend you to anyone who asks for an accountant because it’s honestly been amazing working with you!noorie ana 300K+ followers
Why YouTubers need accountants?
01
Expense optimisation
Get insights into differentiating between personal and business expenses for maximum tax benefits.
02
Contractual guidance
Navigate your brand deals and associations with our expert influencer accountant advice, ensuring you’re protected.
03
Tax advisory services
Detailed guidance on taxes for social media influencers, ensuring you stay compliant while optimising tax benefits.
04
Financial planning
With fluctuating incomes, a specialist social media accountant can offer financial planning to safeguard your future.
Frequently asked questions
Social media influencers, like any other profession, are bound by tax regulations. However, with multiple income streams from different platforms, plus earnings from varied sources such as brand partnerships and sponsored collaborations, it can be a momentous task to keep track of. And that’s without mentioning the implications of free gifts, freebies, and samples. Do influencers pay tax on these too? Should you pay different taxes for overseas income? How do you separate your personal and business expenses?
At Ocelot, our expertise in accounting for influencers will help you with all of these intricacies. More than that, we can also help you to understand the nuances too. This enables you to see exactly how your brand is doing, where your money is coming from, and how it’s being spent
You can verify your income as a social media influencer by checking your self-assessment tax returns, as these should be a reliable record of your earnings and expenses. With the different streams of revenue that come with being a social media influencer, filling out your own self-assessment form can be complex.
Having an accountant for influencers makes it easier to verify income, as all proof of income is reliable and filed securely.
The social media expenses you need to track can include:
• Proof of income from collaborations and sponsorships
• Earnings from different revenue streams
• Business expenses and deductions
Tracking your earnings as a social media influencer is important for staying tax compliant. At Ocelot, our accountants for social media influencers can help you accurately track and manage all your earnings easily while staying tax compliant.
Social media influencers pay tax through a self-assessment form that records their taxable income. Other required taxes for social media influencers include income tax and National Insurance contributions, which are deducted from self-employment profits.
