Category Archives: News

Business development and Ideas

What does this mean?

Whether you are PAYE, self-employed, a partnership or a limited company you still have dreams and goals to achieve

Our aim is to help you get where you want to get to. We work closely throughout the year with all of our clients. This means we get to know you better than a traditional accountant(who you may only speak to a couple of times a year). Knowing where you want to get to makes it easier for us to help you get there.

What we find is that most people think of business development as preparing, and working to, a business plan. Yes this is part of business development, but only part!

Should it not, for example, include such things as helping you progress in your industry, helping you network, identifying the best way of funding kit, collaborating with others. All of these could help you get to where you want to be. We do all of these and more.

We are here to help. We can be your wall to bounce ideas off.

Please contact us and we can discuss this properly to see how your potential could be realised quicker..

 

“Specialist media professionals. Excellent”

Andy W | Producer Director

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Blue Skies – Business and Tax Advisors: TV and Media Specialists

Media acountants

Blue Skies are a team of professional accountants, business and tax advisors – as TV and media specialists we understand our clients needs, and just as importantly, we understand the media industry like the back of our hands.

As specialist business and tax advisors, our professional accountants are here to advise and guide you on all aspects of your business. We can prepare your accounts on your behalf and using our professional industry knowledge we can help you to legally minimise your tax bill. As TV and media specialists we are also in the fantastic position of being able to help you with other important matters such as business development and ideas generation. Our experienced business and tax advisors can also help you to secure work by various networking methods and assist with contract and rates negotiations.

Professional Accountants for Actors and the Media Industry

When dealing with Blue Skies professional accountants you will benefit from our innovative and adventurous approach, combined with our commitment to professionalism and our understanding of the TV and media industry. Our business and tax advisors offer proactive and understandable advice to help you make the most of your career and subsequent money matters.

The knowledge we’ve gained as TV media specialists has allowed us to provide a niche professional accountants service. Our simple system equates to an easy life for you and with the launch of our new online client portal, you can benefit from instant and accurate updates which gives you even better value for money.

Business and Tax Advisors – Fixed Fees

As TV and media specialists, our business and tax advisors know the best ways to reduce your tax bill and help you to make informed business decisions. We’ll never confuse you with complicated jargon, as our professional accountants understand that you want and deserve a service that is delivered in your language.

Our business and tax advisors work on a fixed fee basis, so you’ll never be landed with an unexpected bill. This clear and transparent approach helps us to build strong relationships with our clients – all you need to do is to send us an envelope with all of your receipts and invoices at the end of every month, enabling us to provide a quick turnaround of information and advice.

Please feel free to contact our business and tax advisors if you’re interested in finding out more about our professional accountants services.

 

“Blue Skies are always there to answer queries and give advice, however daft my question might be!”

Tom C | TV Sound Recordist

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Let Our TV and Media Specialists Help You To Negotiate Rates and Contracts

TV accountants

At Blue Skies, all of our professional accountants and business and tax advisors are TV and media specialists – which puts us in the fantastic position of being able to help our clients to negotiate their contracts and to get them the best rate possible. Our in-depth experience within the creative arts sector means that we know exactly what rates are achievable and we’re ready and willing to fight your corner to ensure that you get paid accordingly!

Working with our professional accountantsand business and tax advisors offers you the double benefit of increasing your income, while also ensuring that potential employers don’t take advantage of you. Existing clients who have used our TV and media specialists to help them with their negotiations tell us that they feel less stressed, more confident and more knowledgeable as a result of the assistance our business and tax advisors offer them. And …. the benefits you get from this service are included in our fixed annual fee!

Our Professional Accountants and Business and Tax Advisors Know Just What You’re Worth!

You’re probably asking yourself exactly how our business and tax advisors can help you when it comes to negotiating rates and contracts. Well, it’s quite simple – as TV and media specialists our dedicated team work hard to collate vital information that provides us with the trump cards to help you get a better deal. We track the rates achieved by TV and media specialists like you who work within the industry across all of the various genres. This means that we have exclusive exclusive information regarding the minimum and maximum rates for different media job roles (eg TV Producer) and in the different genres (eg reality or LE).

We also have the added advantage of knowing how most of the known TV and film companies react to professional negotiations regarding rates and contracts. Our business and tax advisors combine all of this knowledge with our clients’ experience and achievements, giving us a solid foundation for a positive and constructive negotiation process to begin.

Blue Skies Business and Tax Advisors – Putting You in the Driving Seat

Using the benefit of their experience as TV and media specialists, our business and tax advisors will give you total control over how your rates and contract negotiations are managed. We offer a comprehensive service and will share all of our knowledge as TV and media specialists to put you in the strongest position possible. We always let our clients decide whether they want to enter into the negotiations themselves, using the advice given by our business and tax advisors, or we’re more than happy to manage the negotiation process on your behalf if you wish.

Our professional accountants and business and tax advisors have a wealth of inside knowledge, which can help you to secure a better rate for work and more favourable contract conditions. We may know the last person who worked on that particular job, have information regarding the company’s budget and we knowwhat your skills are worth. By coming to Blue Skies and letting our business and tax advisors help you with your negotiations, you can rest easy and spend more energy focusing on doing your job well while we take care of the details.

If you would like to learn more about our TV and media specialists, or would like to talk to our business and tax advisors, feel free to get in touch now!

 

“Blue Skies negotiate my rates and always exceed expectations, on my last contract they got me a substantial pay rise.”

Sasha | Director

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Self-Employment Accountancy Service

If you’re in the creative arts industry, you’re very likely to be working on a freelance basis – which means that our self-employment accountancy service is made for you!

Here at Blue Skies we have qualified business advisors on hand and ready to help you with all aspects of your self-employed status. We offer a fully comprehensive accountancy service to help take the pressure off you and ensure that you’re meeting your tax and registration responsibilities. What’s more, our accountants and business advisors are experts in the creative arts sector – so if you’re a freelancer in TV or media, we have all of the knowledge and expertise required to meet your needs.

Going Self Employed? Our Business Advisors Are Here To Help!

If you’re just starting out as a freelancer, you have certain obligations to meet in order to operate legally as a self-employed worker. It might seem a bit daunting, but the process is really quite simple and our business advisors can take care of all of the necessary paperwork on your behalf, to save you the trouble. That’s right – as well as offering a quality accountancy service, our creative arts experts can also take care of your self-employment registration.

You’re legally required to register with HMRC as self-employed within 3 months of starting. It’s free to register but you will need to fill in the appropriate paperwork. You’ll also need to register for National Insurance so that you can arrange to make the correct contributions.

From just a quick phone call, you can task our business advisors with setting all of this up for you. Our business advisors will complete the necessary forms and send them to you with yellow stickers, to clearly indicate where you need to sign – it really is that easy!

Our Easy Accountancy Service

As a self-employed person working hard to find contracts and fulfil the jobs you secure, having easy access to an accountancy service you can trust is vital. By using the Blue Skies accountancy service, you have peace of mind that your financial paperwork is in good order and that you don’t fall prey to late submission fees.

Let us explain; when you’re self-employed, you have to complete and submit a Self Assessment Tax Return on an annual basis – this shows HMRC how much you have earned and therefore, how much tax you need to pay. If you miss the deadline, you’ll be charged a fee – but by using our accountancy service and getting support from our business advisors, you’ll never need to worry about that!

Our accountancy service allows you to pass on all of your paperwork, invoices, bank statements and other relevant information directly into the hands of the experts. We’ll keep your business accounts up to date and use the information we gather to complete your tax return on your behalf. It’s a no stress, no hassle accountancy service, tailor-made for TV and media professionals just like you.

One of the biggest advantages of using our business advisors and accountancy service is that we know all of the ways in which we can legally reduce your tax liability, so that you pay the minimum tax possible for your circumstances. This money saving accountancy service can end up paying for itself several times over!

If you’d like to talk to our business advisors to find out what else we can do to help you as you venture into self-employment, contact us now.

Alternatively, click here for more details of our accountancy service.

 

“Zero hassle.”

Ashley B | TV Producer

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Blue Skies Business Advisors – Negotiating Rates

Blue skies are an accountancy firm specialising in the TV and media sector – in addition to our accountancy services, we also have a team of highly experienced business advisors who can help you to get the recognition that you deserve for your skills.

The most important aspect of any business is its income, and whether you’re a sole trader or a limited company, increasing your profit margin can only ever be good news. As a TV and media specialist accountancy firm, we have all of the latest and most relevant knowledge required to ensure that the rates you’re offered for work are reflective of the industry standard.

Our business advisors work with people in the TV and media industry every day, giving them invaluable insight into the way the sector works. By using an accountancy firm that really knows your job, you can be sure that you’ll be getting the best advice possible.

The Advantage Of A Specialist Accountancy Firm

The industry knowledge that the business advisors in our accountancy firm hold means that they can help you to negotiate on your contracts and rates, to ensure that you’re being paid exactly what you’re worth. Our business advisors keep detailed records relating to the TV and media industry, so we know who last worked in the role that you’re negotiating for and how much they were paid for their skills. We also have a fantastic understanding of the different TV and media companies that you may deal with, so we know what kind of budget they work with and how much they can and should pay someone like you.

Let Our Business Advisors Do Your Dirty Work!

Negotiating contract terms and rates of pay with potential employers can be very stressful. If you’re one of the many people in the TV and media industry who hate the thought of approaching somebody for more money, then you don’t need to worry a minute longer – our business advisors are more than happy to do it on your behalf.

The advisors in our accountancy firm will take the pressure away from you so that you can concentrate on doing your job, while we work to ensure that your contracts and rates are fair. By taking advantage of this service you can increase your income without the stress of dealing with this sensitive subject yourself. We promise that we’ll never cost you a job through our negotiations and that we’ll always secure the very best rate possible for you.

So if you want to work with an accountancy firm who knows your industry and appreciates your value, contact Blue Skies today.

Our advisors can also help you with a wide range of other accountancy matters, so feel free to give our business advisors a call any time you like for a friendly, no obligation chat.

Ask Our Business Advisors About Going Limited

If you’re currently working as a sole trader, you’ve probably been asked numerous times why you’re not a limited company instead – if you’re not sure which would be best for you, our business advisors here at Blue Skies can help to answer all of your questions. We also offer a full accountancy service to help you to manage your finances – in fact, by consulting with our business advisors and accountants at Blue Skies, you could make your life a whole lot easier!

Becoming a limited company can be a beneficial move, but as our business advisors will tell you, it all depends on your individual circumstances. Everyone is different and the amount of money you earn will have a big part to play in your decision. Other factors such as your trade (we specialise in the TV and media industry) and the types of expenses you can claim tax relief on also need to be weighed up. Our business advisors can talk you through all of the pros and cons.

Our Business Advisors Can Help You Decide

By talking to our business advisors, you can get a clear picture of whether or not you’ll gain by changing your trading status to limited company. Generally speaking, your profits through a limited company will be taxed at 20% – this is much more favourable than the sole trader rate of 29% or 41%! However, our business advisors will also explain the potential downfalls too.

As a limited company you may find that you’ll be faced with higher bank charges, a change in the expenses you can claim for and the need for more time to deal with admin. Fortunately for our clients in the TV and media industry, we offer a full accountancy service – our qualified accountants will help you to understand what you can claim for and how to minimise your tax liability while still operating entirely legally.

Limited Company Accountancy Service

Our professional accountancy service can help to ease the pressure of running your own business. Our TV and media experts can take care of all of your accountancy needs and provide you with real time accounts information to keep you up to date with your financial position. By using our business advisors and accountancy service, you can focus on what you do best, your job, while we take care of the money side of things.

If you think that using our accountancy service will mean working with stuffy old men in suits, think again! Our accountancy service is totally professional, but the accountants and business advisors at Blue Skies believe in the friendly approach. When using our accountancy service, you can give us a call for a chat anytime you like, and meetings can be as formal or informal as you want. We give you the accountancy service you want, how you want it!

Why not talk to our business advisors now to find out if you should go limited? Or for more information about our accountancy service, follow the link!

 

“Never been blinded by jargon!”

Ms Morven M | Actor

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Real Time Accounts from Blue Skies TV and Media Specialists

Media accountants

When using our accountants at Blue Skies, you’ll receive an exceptional service designed to make your life easier. Our TV and media specialists offer real time accounts and advice, in order to keep you up to date with your personal situation and allow you to stay one step ahead of your responsibilities.

When using our TV and media specialist accountants, you will be sending your envelope to us on a monthly basis, in order for us to keep your accounts right up to date. We work hard to ensure that your envelope is processed within three weeks of receipt, so any time you contact us to speak to one of our business or tax advisors, we can give you real time information based on your current financial circumstances.

What are the Benefits of Real Time Advice?

By using our accountants and our real time service, we can provide you with proactive advice that will help you to manage your money more effectively. This current information provided by our business and tax advisors will allow you to find out the following things quickly and easily:

  • How much money should you be setting aside to pay your tax bill
  • Do you have enough money saved for your tax liability
  • Should you be VAT registered?
  • Would you be better off being a limited company?

Additionally, our business and tax advisors at Blue Skies can give you valuable insight in regards to the rates you charge for your skills and services, in comparison to other industry professionals who do the same job. By letting our TV and media specialists provide you with this real time information, you can ensure that you are competitive, while at the same time being paid what you’re really worth.

Helpful Information from our Business and Tax Advisors

At Blue Skies we aim to provide a fully comprehensive service that keeps you well informed and able to access the help you need quickly and easily. As well as the benefits outlined above, our accountants and business and tax advisors can give you assistance with many other business and financial related matters. You might be looking for help with finding a mortgage or perhaps you need the number to find out about claiming child tax credits.

Whatever you need, Blue Skies will try to provide you with the help and information you require. If you like to speak to one of our accountants or TV and media specialists, drop us online via the link or call us on 01767 699 996.

Don’t Waste Money On Late Filings – Use A Blue Skies Media Accountant

Our tax professionals for media and media accountants are here to protect you and your finances from the wrath of the taxman! Don’t believe us? Read on to find out more…

Let’s start by asking you a few simple questions: Do you work in the creative arts or media industry? Are you aware of the recent increase for late filing of your tax returns? If you work in the creative or media industry and are not aware of the new penalties for being late, then you’re probably realising that using a media accountant could help you to avoid the potential risk of facing these new, much heftier fines. At Blue Skies, our tax professionals are experts in managing your creative arts accounts and ensuring that you don’t fall victim to these huge, revised HMRC fines.

As our tax professionals for media will tell you, it used to be that if you were late filing your tax returns with HMRC, you would be fined a total of £100. While inconvenient, £100 is unlikely to break the bank – and herein lays the problem; HMRC have realised that it just wasn’t enough to make people feel any sense of urgency.

Our Tax Professionals Can Help

If you’ve never used a media accountant before, or let tax professionals for media manage your bookkeeping and tax returns, then now might be a good time to consider a Blue Skies media accountant. If you’ve heard about the increase in penalties, but you’re unsure of the details, let us explain…

Picture the scene: you’ve been so busy working that you haven’t managed to keep your accounts up to date. You’ve decided that a media accountant is an unnecessary expense, so you put your accounts on the back burner with the intention of catching up in time for your tax return. Now you’ve hit the deadline date, and your tax return hasn’t been completed and submitted to HMRC.

As media tax professionals we don’t want to be the bearers of bad news, but it is our job to keep people within the creative arts sector informed. So here’s the reality: regardless of whether or not you’ve already paid your tax for the 2011/12 tax year, if you’re so much as a day late, you’ll be charged £100 – and unfortunately, this applies even if you don’t actually owe any tax!

Once you’re 3 months late, you will be charged an extra £10 per day (up to a £900 maximum) – suddenly the idea of employing a media accountant seems a lot more necessary! Once your tax return is six months late, you’ll be charged either an additional £300, or 5% of the tax due, depending on which is the larger amount. Then, if you still haven’t filed your return 12 months after the due date, you will be charged another 5% of your unpaid tax bill – and in more serious situations, HMRC have the ability to increase this to 100%.

Pass the Buck to a Media Accountant

Our tax professionals can also tell you that on top of these penalty charges, you will also have to pay interest on any late tax payments – and you’ll also incur interest charges on any penalties that are left unpaid.

If you don’t already have a media accountant to help you with your accounts and reporting obligations, why not give Blue Skies a call? We can guarantee that as your accountant we will keep all of your bookkeeping current, ensuring that your 2011/12 tax return is submitted on time and avoiding any of these new, increased charges. If you decide not to use our services, please make sure that your tax returns are submitted according to the following deadlines: 1st November 2011 for paper returns, and 1st February 2012 for online filings.

By using our tax professionals for media , you can rest easy knowing that the hard work is taken out of your hands. Why not contact a Blue Skies media accountant today?

Bright Blue Skies – Benefits of Using a Creative Arts Accountant

If you work in the TV and media industry, whether as a freelancer or limited company, it makes sense to employ the services of a creative arts accountant. A media accountant who specialises in your sector can help to demystify the often complicated world of tax and accountancy, and help you to stay legal. With Business Record Checks being rolled out by HMRC, a creative arts accountant can ensure that you’re adhering to tax guidelines and avoid paying fines for poor record keeping.

Any business or freelancer wants to keep their costs down and as such, may feel that they’re better off doing their own accounts – but this can be a big mistake! Be honest – how well do you understand tax regulations? You may think you’re saving money by doing your accounts yourself, but have you weighed up the potential costs of using a specialised creative arts accountant against the costs you could face if you don’t?

A Media Accountant Can Take Away Your Stress

Your time is money – and the time you invest in managing your financial records may actually be disproportionate to the benefits of using a media accountant. A specialist creative arts accountant can satisfy the requirements of HMRC and ensure that your bookkeeping is free of mistakes. If you’re doing your own accounts and you realise that something has gone wrong, it could take you hours of your precious time to identify the problem. Anything that flags up a problem to HMRC can lead to an investigation of your accounts – this causes a lot of stress and will also take more of your time, when you could be using it to make money instead!

By using a Blue Skies creative arts accountant you will pay a definite fixed fee, so you always know exactly what our media accountant service is costing you – when you calculate the value of the hours you spend doing your own accounts, we feel sure you’ll see a saving.

Contact a Media Accountant Today!

A specialist media accountant knows exactly what you’re legally able to claim for on your tax returns. One of the biggest issues that our creative arts accountants see are discrepancies in the amount claimed for items that are used for both personal and business use. By using a media accountant at Blue Skies this worry is taken away from you, because we know exactly how much and what you can claim tax relief on.

As you become more successful, your accounts become more complicated. If you start to employ other people, a Blue Skies creative arts accountant can help take care of your PAYE and also your VAT once you become liable for VAT registration.

Essentially, using a Blue Skies creative arts accountant gives you complete peace of mind, knowing that if HMRC come knocking, they’ll find nothing but beautifully kept records and tax returns that are completely in line with the law.

Why not find out more about our media accountant service , or contact a creative arts accountant today?

Why Do Our Clients Choose A Blue Skies Accountant?

TV accountants

Industry-specific business and accountancy advice is the only way to ensure you’re getting a tailor-made service from professionals who really understand what you do; when you work with a Blue Skies accountant, you’re not only talking to somebody who knows the creative arts industry inside out, but you’re also getting the benefit of years’ of experience from expert business professionals for media.

There are many reasons that our clients choose a Blue Skies accountant. By seeking advice from media professionals, our clients know that they will get in-depth knowledge, business expertise, and all of this with a friendly smile, a cup of tea and perhaps even a slice of cake! Our team are well aware that our clients don’t want to be baffled by inaccessible jargon, which is why when you work with a Blue Skies accountant, you’ll always be given the information you need in clear, plain English.

Business Professionals for Media – Bespoke Advice

Many people choose to use a Blue Skies accountant for the many business benefits that we offer. We can help you to increase your rate, while simultaneously reducing your tax liability – entirely legally, of course! Additionally, because we understand your sector, we can offer you greater security, by reviewing your contracts and helping you to ensure that everything is as it should be.

One of the very best reasons to use a Blue Skies accountant is that we offer our clients unlimited support, guidance and advice for a fixed annual fee – meaning you won’t be lumbered with an unexpected bill, just because you called us for a quick chat! This clear pricing ethos, alongside the invaluable business development advice that our business professionals for media can offer, are just two more of the many reasons that a Blue Skies accountant is the creative sector’s financial right-hand man (or woman) of choice!

What Do Our Clients Say About Blue Skies Accountants?

Of course, while Blue Skies accountants are the most honest and straightforward professionals you could ever wish to meet, you probably need to hear that from our clients to be fully convinced. In which case, feel free to take a look at our Blue Skies accountant testimonial page , where you can see some of the lovely things that our clients say about our services and approach.

Blue Skies have served some of these clients since as far back as 1993, and one thing that seems to be repeated time and time again is that a Blue Skies accountant takes the stress out of your creative arts accounts – and our knowledge and friendly professionalism means that our clients find us easy and incredibly pleasant to deal with. This is great news, because we love dealing with them too! Why not take a look around the Blue Skies website, to see what our business professionals for media can do for you?