Expenses For Set Designers


Saving Set Designers Thousands for Over 10 Years


WE SPECIALISE IN SAVING YOU MONEY. OUR EXPERTISE IN TAX FOR STAGE PROFESSIONALS CANNOT BE BEATEN.

 

We provide specific tax advice to stage managers, deputy stage managers and assistant stage managers.

We offer fixed fees for the year, which includes telephone and email support at no extra charge.

If you are a member of the Stage Management Association then you qualify for a 25% discount on your personal tax return every year.

One of the first steps that we will take when looking at your accounts is ensuring that you are claiming absolutely every expense you are eligible to as an Set Designer. 

Just some of the amazing set design work of our client, Anna Rhodes of Rhodes Studios

 

SET DESIGNERS HAVE A NUMBER OF TAX DEDUCTIONS THAT ARE UNIQUE TO ANY OTHER INDUSTRY.

Below we have put together a list of some of the expense you are entitled to as a Set Designer. 

USE OF HOME AS AN OFFICE

Use of home as an office is an expense that all too often missed out by Set Designers. If you use your home to update your website, work with contractors or any other work-related uses you are entitled to claim this expense.

You are able to claim a percentage of your household bills for your use of home as an office. 

 

ADVERTISING

Getting your name seen and heard is a major part of being a successful set designer. Anyways you promote yourself in an effort to get ahead in your career is claimable. Whether you pay to be mentioned in an article or directory, run an ad campaign or any other forms of promotion- it's claimable. 

EQUIPMENT

Equipment is defined as items that you intend to use for a prolonged period. Your do not include this in your business expenses but instead in an AIA (Annual Investment Allowance), which works to reduce the tax you pay. 

If the item has been brought for a part-personal reasons you will have to apportion the expense. So that laptop you brought to apply for auditions can go on you AIA and save you money!

CONTACT US TO FIND OUT EVEN MORE TAX RELIEFS AND EXEMPTIONS FOR STAGE MANAGERS

EXPENSES FOR ARCHITECTS


SAVING ARCHITECTS THOUSANDS FOR OVER 10 YEARS


ILLUSTRATION BY ELLA JACKSON

ILLUSTRATION BY ELLA JACKSON

 

We understand that the life of an Architect is often a busy one. With high-demand for focus in planning, calculations and much more, the additional demand of filing taxes can be one job too many. 

Bambridge Accountants was set up to help professionals in the Creative Industry, such as architects,  file their taxes accurately, cost-efficiently and on time.  We understand all of the exemptions your entitled to and the obligations you must be aware of. 

 

As an architect there are several expenses that you are entitled to claim against tax.

MEALS AND TRAVEL

You can claim the cost of buying meals when you work overtime- provide that you have been paid an allowance by your employer.

The cost of your parking, tolls, taxis and public transport is also claimable if you are required to travel to attend seminars, meetings and training courses. The costs of travel incurred through using your own car for work are also claimable. This is usually calculated based on millage.

 

WORK CLOTHING

Work clothing is claimable against taxes. This includes:

·      The cost of buying uniforms

·      The cost of dry cleaning and clothing repairs

·      The cost of buying sun protection if you are working on site

·      The cost of buying any protective equipment required for your work

 

TRAINING

The cost of work-related training course is claimable as long as the subject of training related directly and clearly to your job.

 

WORK TOOLS AND EQUIPMENT

You can claim the costs incurred when buying or repairing equipment you use at work. The cost of the supplies you use at work such as stationary are also claimable.

 

Other work expenses

 

·      Annual membership and union fees

·      Work-related books, magazines and journals

·      Work related phone calls and rental

·      Work related internet connection fee costs

 

For more information on what you can claim as an architect contact us now

As an architect there are several expenses that you are entitled to claim against tax.

 

MEALS AND TRAVEL

You can claim the cost of buying meals when you work overtime- provide that you have been paid an allowance by your employer.

The cost of your parking, tolls, taxis and public transport is also claimable if you are required to travel to attend seminars, meetings and training courses. The costs of travel incurred through using your own car for work are also claimable. This is usually calculated based on millage.

 

WORK CLOTHING

Work clothing is claimable against taxes. This includes:

·      The cost of buying uniforms

·      The cost of dry cleaning and clothing repairs

·      The cost of buying sun protection if you are working on site

·      The cost of buying any protective equipment required for your work

 

TRAINING

The cost of work-related training course is claimable as long as the subject of training related directly and clearly to your job.

 

WORK TOOLS AND EQUIPMENT

You can claim the costs incurred when buying or repairing equipment you use at work. The cost of the supplies you use at work such as stationary are also claimable.

 

OTHER WORK EXPENSES

·      Annual membership and union fees

·      Work-related books, magazines and journals

·      Work related phone calls and rental

·      Work related internet connection fee costs

FOR MORE INFORMATION ON WHAT YOU CAN CLAIM AS AN ARCHITECT CONTACT US NOW

THIS WEEK ONLY. GET AN EXTRA £10 OFF OF YOUR TAX RETURN AND £20 AMAZON VOUCHER

We are getting in the Black Friday spirit with a £10 off voucher, which can be claimed by existing clients and new clients on top of all existing discounts, between 20/11/2017and Midnight 27/11/2017.
 

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THIS WEEK ONLY.


CLAIM AN EXTRA £10 OFF YOUR TAX RETURN NOW.

The voucher can be claimed on it's own or along side any other discounts you are entitled to.

REFER A FRIEND.jpg

 

As a big thank you to all of our clients this Black Friday Week, we are increasing our refer a friend reward from £10 per friend to £20.  

Refer your friends and colleagues to receive a £20 amazon voucher for every one that becomes a client.

 

CONTACT US FOR DETAILS

FILM TAX RELIEF

There are a number of special tax rules that determine how the taxable profits of a film production can be calculated and how loses can be applied.

Certain films are eligible for Film Tax Relief (FTR). FTR can increase the amount of expenditure that is allowable as a deduction for tax purposes or, if the film production company makes a loss, can be surrendered for a payable tax credit. This can provide a 25% subsidy towards the cost of making a film.

Art Director work by JVG (Javier Vallejo), for NIKE

Art Director work by JVG (Javier Vallejo), for NIKE

 

MAIN FEATURES OF FILM TAX RELIEF

·      Applies to British Films that are intended to be shown commercially in cinemas

·      In order to be eligible, at least 10% of the total production costs of the film must relate to activities in the UK.

·      Only applies to UK companies or overseas companies with a UK branch or tax presence. Partnerships or individuals are not eligible to claim the relief.

 

CRITERIA FOR A FILM TO QUALIFY FOR FTR

 

·      Theatrical Release- For a film to qualify for Film tax relief for any particular accounting period, the film must be intended for theatrical release at the end of that period.

o   ‘Theatrical Release’ is defined as for exhibition to the paying public at the commercial cinema. A film does not need to be given a theatrical release to access the relief.

o   In order to establish if a film is intended for theatrical release or not, the HMRC have provided the following factors to consider:

§  The film is a full-length or feature film of a type commonly shown in a cinema.

§  The film is a suitable format for theatrical showing at a commercial cinema

§  Evidence can be given at the end of the relevant accounting period, that there was an intention to seek a contract to present the film in the cinema.

o   Where a television company commissions a theatrical release, this condition may not be met if the film didn’t show at a cinema.

 

THE CULTURAL TEST

 

·      The film must be formally certified as British to qualify for Film Tax Relief.

·      A theatrical release is regarded as ‘British’ if it passes the cultural test or if it qualifies by virtue of an internationally agreed co-production treaty.

·      A film passes the cultural test if it is awarded at least 18 of the possible 35 points. Cultural test points broken down:

o   Cultural content (up to 18 points)

o   Cultural Contribution (Up to 4 points

o   Cultural hubs (up to 5 points)

o   Cultural Practitioners (Up to 8 points)

 

 

MINIMUM UK EXPENDITURE REQUIREMENTS

 

In order to be eligible for Film Tax relief, a minimum of 10% of core expenditure can be UK expenditure.

 

Film Production companies can claim FTR on the lower of either 80% of total core expenditure; or the actual UK core expenditure incurred.

 

Core expenditure is expenditure on the activities involved pre and post-production of the theatrical release. However, this excludes expenditure on development and distribution, and all costs incurred while raising and servicing finance.

 

UK expenditure on services or goods ‘used or consumed’ in the UK. The used or consumed test is identifying the type of expense and focuses on the recipient or customer as the means of determining whether the expense falls into UK expenditure.

 

HOW THE RELIEF IS GIVEN

 

Costs of production for a qualifying theatrical release are deductible from the total estimated income from the film in order to calculate profits and losses.

·      The film production company will be eligible for an enhanced deduction. The value of the enhancement is a 100% additional deduction.

·      The total losses of the film production company can be used to either be set against the income of the company for tax purposes; or be surrendered to the HMRC for a payable tax credit.

o   The losses surrendered for any accounting period must be the lesser of: the amount of the trading loss in the period; or the enhanceable expenditure for that period less any amount in previous periods.

o   Payable tax credit is currently set at 25%

 

CONTACT US FOR MORE ON UK FILM TAX

UK TAX ADVICE


Creative Industry Tax Reliefs

Creative Industry Professionals are unique. Bambridge Accountants are a team of chartered accountants that specialise in ensuring a tailored accounting service that maximises on the unique expenses, deductions and reliefs available to Professionals in the Creative Industry. 


Saving Creative Industry Professionals thousands every year


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'Creative industry tax reliefs' are a group of five corporation tax reliefs that allow qualifying companies to claim a larger deduction, or in some circumstances claim a payable tax credit when calculating their taxable profits.

Film Tax Relief was introduced in April 2007 and two additional reliefs were introduced in April 2013. These are Animation Tax Relief, High-end Television Tax Relief.  A fourth relief for Video Games Development was introduced on 1 April 2014. Finally, Theatre Tax Relief was introduced on 1 September 2014.

1. FILM TAX RELIEF

Your company will be entitled to claim Film Tax Relief (FTR) on a film as long as:

  • the film passes the culture test - it is considered a 'British film'
  • the film is intended for theatrical release
  • at least 25% of the total production costs relate to activities in the UK
  • the first day of principal photography took place on or after 1 January 2007

 

2. ANIMATION TAX RELIEF

Your company will be entitled to claim Animation Tax Relief (ATR) on an animation programme if:

  • the programme passes the cultural test - a similar test to that for Film Tax Relief but within the European Economic Area
  • the programme is intended for broadcast
  • at least 51% of the total core expenditure is on animation
  • at least 25% of the total production costs relate to activities in the UK

 

3. HIGH-END TELEVISION TAX RELIEF

Your company will be entitled to claim High-end Television Tax Relief (HTR) on a programme if:

  • the programme passes the cultural test - a similar test to that for Film Tax Relief but within the European Economic Area
  • the programme is intended for broadcast
  • the programme is a drama, comedy or documentary
  • at least 25% of the total production costs relate to activities in the UK
  • the average qualifying production costs per hour of production length is not less than £1million per hour
  • the slot length in relation to the programme must be greater than 30 minutes

4. VIDEO GAMES DEVELOPMENT RELIEF

The relief enables companies to be eligible for a payable tax credit worth 25% of qualifying production costs.

A cultural test will need to be met to claim the relief - certification is being administered by the BFI.

We can help and advise companies on the initial and final certification (including what costs you are allowed to claim).

5. THEATRE TAX RELIEF

The relief enables companies to be eligible for a payable tax credit worth between 20 and 25% of qualifying production costs.

If you are touring the production, the repayable tax credit will be 25% of the qualifying expenses. Other theatre productions can claim a repayable tax credit of 20% of the qualifying expenses.

Conditions:

 - at least 25% of the core expenses must be incurred in the UK or remainder of the EU

 - the theatre company must also be responsible for producing the content of the shows

The tax credit will be claimed through the company's tax return for the period.

Contact us for expert accounting advice for Creative Industry Professionals 

UK TAX SUPPORT


Expenses and deductions for media professionals

As a graphic designer, art director or any media professional, you have a number of tax filing obligations and incentives. Bambridge Accountants are expert at knowing the facts. We save thousands of media professionals money every year through our wealth of Creative Industry Tax knowledge and experience. 

Yemi Davis Graphic Design

Yemi Davis Graphic Design

While on and off the job every media professionals will incur work related expenses that can be claimed against tax. Having a full, in-depth knowledge of your tax entitlements will save you thousands and avoid penalties.

Below is a list of just some of the tax deductions you are entitled to are a media professional.

TRAVEL 

The money you spend on parking, tolls, taxis and public transport while working is all claimable against tax. The costs of using your own car for work, for instance when travelling to a clients premises or attending meetings is all-claimable against tax

However, please note that regular travel to and from your home and a fixed office is often not claimable. 

CLOTHING

Clothing can be an extremely useful expense to claim on your tax return. As a media professional you may have clothing that you use wholly and exclusively for work. This clothing is claimable. The cost of laundry, dry cleaning, alterations and repairs are also claimable, as well as the cost of sun protection for when you are working outside.

It is essential that you only claim clothes that are worn for the purpose of work. Part-personal clothing is not claimable. Wrongfully claiming this expense can lead to setbacks and penalties. 

Training

All costs of work-related short training courses, for instance training for software, are covered as a claimable item under tax. The costs of a self-education course run by a university (not including HECS/HELP fees) or TAFE are also claimable. If your course requires you to study, you can also claim the cost of books and stationary.

Memberships

If you are a member of any organisations or magazines for work-related purposes the expense of the membership is claimable against tax.

Note: The expense must be wholly and exclusively for work-related reasons, in order to be wholly claimable. If the expense is part-personal the expense can be apportioned.

CONTACT US TO FIND OUT THE MANY MORE EXPENSES, DEDUCTIONS YOU ARE ENTITLED TO CLAIM AS A PHOTOGRAPHER

Photographers Expenses and Deductions


EXPERT SAVING PHOTOGRAPHERS THOUSANDS EVERY YEAR


We are expert in the complexities and opportunities of tax for photographers. As specialists in accounting for photographers, we save photographers thousands every year by maximising on the unique deductions and reliefs available to photographers.  

We provide a simple and friends, start-to-finish accounting service for individuals and companies. 

Photography by our client, Diego Arroyo

Photography by our client, Diego Arroyo

One of the first steps we will take when filing your tax return is ensuring that you are claiming absolutely all expenses you are entitled to.

As a self-employed photographer it is essential that you keep accurate records of you expenses throughout the tax year. The more detailed and accurate your expenses, the more you can claim back. 

Below are some examples of expenses you are entitled to claim as a photographer:

TRAVEL TICKETS

Part of the nature of being a photographer is constantly exploring different locations. All travel that is work-related is claimable against tax. Therefore flights, train-tickets and bus-rides to photography shoots are claimable. 

It is important to note that if your travel was partly personal-related, i.e. 5 days of your travel were taken as holiday, you must apportion the expense.

Work-related petrol and other motor costs are also claimable.

EQUIPMENT 

Perhaps on of the most obvious expenses to claim for a photographer is work-related equipment i.e. your camera! This expense can, however, be stretched much further. For example, the equipment need to look after your camera or lighting equipment. 

Make sure you are identifying all work-related expenses on equipment. Equipment is defined as items that you intend to use for a prolonged period. Your do not include this in your business expenses but instead in an AIA (Annual Investment Allowance), which works to reduce the tax you pay. 

CLOTHING

Clothing can be an extremely useful expense to claim on your tax return. As a photographer you may have clothing that you use wholly and exclusively for work. This clothing is claimable.

It is essential that you only claim clothes that are worn for the purpose of work. Part-personal clothing is not claimable. Wrongfully claiming this expense can lead to setbacks and penalties. 

ADVERTISING

Getting your name seen and heard is a major part of being a successful photographer. Any methods you use to promote yourself in an effort to get ahead in your photography career are claimable. Whether you pay to be mentioned in an article or directory, run an ad campaign on your photography blog or any other forms of promotion- it's claimable. 

Contact us to find out the many more expenses, deductions you are entitled to claim as a photographer

ACTORS' EXPENSES AND DEDUCTIONS

One of the first steps that we will take when looking at your accounts is ensuring that you are claiming absolutely every expense you are eligible to as an actor. 

Actors have a number of tax deductions that are unique to any other industry.

 

Below we have put together a list of some of the expense you are entitled to as an actors. 

Our Client, Alice Orr-Ewing in Victoria (ITV)

Our Client, Alice Orr-Ewing in Victoria (ITV)

Clothing

Clothing can be an extremely useful expense to claim on your tax return. As an actor you almost definitely spend some of your income on work-related clothing, whether it be clothing for auditions, shoots or rehearsals.

Clothing is definitely one of the more obvious expenses to claim. However for a smooth and painless tax-filing season every year, it is vital that you are aware of your entitlements when claiming this expense. Many actors are subject to penalties and hold-backs due to over claiming. 

USE OF HOME AS AN OFFICE

Use of home as an office is an expense that all too often missed out by actors. If you use your home to apply for auditions, rehearse a script or any other work-related uses you are entitled to claim this expense.

You are able to claim a percentage of your household bills for your use of home as an office. 

ADVERTISING

Getting your name seen and heard is a major part of being a successful actor. Anyways you promote yourself in an effort to get ahead in your acting career is claimable. Whether you pay to be mentioned in an article or directory, run an ad campaign on your acting blog or any other forms of promotion- it's claimable. 

 

 

Equipment

Equipment is defined as items that you intend to use for a prolonged period. Your do not include this in your business expenses but instead in an AIA (Annual Investment Allowance), which works to reduce the tax you pay. 

If the item has been brought for a part-personal reasons you will have to apportion the expense. So that laptop you brought to apply for auditions can go on you AIA and save you money!

Cosmetic Surgery

If you have received cosmetic surgery for work-related purposes (i.e. to get a role) the expense is claimable. However, be careful with this expense, as the HMRC will pay close attention when accessing whether this expense is wholly claimable.

Contact us to find out the many more expenses, deductions and reliefs you are entitled to claim as an actor

HMRC ANNOUNCE THEY NO LONGER ISSUE SA302S

Since 4th September 2017 HMRC are no longer issuing paper SA302s directly to agents.  SA302s are documents confirming how much tax a person has paid on their earnings, in a given period, once they have filed a tax return.

Before this date agents would have to ring HMRC and request SA302s, which could take up to 2 weeks to come.

Many agents request SA302s, as their client’s lender who will not accept self-serve copies printed from their HMRC online account or commercial software needs them. The case may also be the commercial software does not print. Often many lenders consider SA302s to be the best proof of earnings.

HMRC have been liaising with The Council of Mortgage Lenders and their members to work around their needs and make necessary changes so the lenders will accept self-served copies. A list of the lenders who accept the self-serve copies has been published. HMRC have also been liaising with commercial software companies to ensure their software facilitates printing.

CONTACT US FOR EXPERT UK ACCOUNTING ADVICE