Services for photographers
Running a photography business can be a challenge, particularly if
you are on your own. Arranging bookings and taking photos are just
part of it – sorting out invoices, paying bills and keeping track of
where the money goes, to keep the taxman happy, can be time-consuming
tasks.
At Nicholsons, we offer a specialist accountancy and tax advisory
service to professional photography businesses, to help them to operate
more efficiently and cost-effectively and make the most of their potential
for growth.
Our partner Richard Hallsworth has a particular understanding of the
issues involved in running a photography business. As well as offering
extensive accountancy and business development expertise, he is currently
involved in setting up his own business specialising in portrait photographs
so can add a little extra insight that might give you the edge.
Our specialist service has earned us positive feedback from clients,
including:
“I met Richard at an Annabel Williams [specialist in photography
training] seminar. When the time came in my business lifecycle to
appoint an accountant, Richard was my first choice. To be sure I
was making the right decision, I visited a few accountancy firms
in my area. Over the past few months, Richard has been there with
advice and information…with Richard’s direction, I know I’m on the
right track.
“…you have shown sheer professionalism in all aspects of streamlining
my accounts and sharing your knowledge of business with the intention
of helping me achieve a larger client base. I will be strongly recommending
your services to my peers.”
Our service
The competitively priced, all-inclusive fee for our service includes
a bespoke copy of MORE accounting software, tailored to the needs of
professional photographers. This user-friendly system will make keeping
your accounts time and cost-efficient, while we will also be able to
extract information to assist us in benchmarking your business against
similar firms.
For businesses with a turnover of up to £30,000, we’ll prepare your
income and expenditure summary and tax return. For those with a turnover
of up to £150,000, we will prepare your profit and loss statement and
balance sheet and your tax return. For larger studios and photographers
we offer a bespoke service. Pleas contact
us for
more information.
You will also receive a management accounts-style report, including
a tax summary, a review of your financial information, benchmarking
information, an industry analysis and a schedule to plan for the year
ahead.
And to help you organise your business, we’ll provide you with a finance
folder, where you can conveniently store correspondence, bank statements,
tax information, sales and purchase invoices, budget and management
information and insurance documents.
We offer clients a secure, online document exchange service, allowing
you to safely share information with us when and where it suits you
– something that you may find particularly useful when you’re likely
to be out and about for much of the working day. We also offer the
convenience of the option to pay by standing order and to fix your
fees for a year.
To find out more about how we can work with you, please click
here.