Accountants for Creatives
Learn why we are the preferred accountants for creatives in London, Southampton, Tunbridge Wells and Crowborough.
Why do creatives need a specialist accountant?
Creatives and the competition
London, Kent and the South East are very popular with creatives. But competition is extremely fierce throughout the region.
A number of prospective clients take advantage of this by asking creatives to work for free or at a greatly reduced rate, with the promise of full margin work in the future.
This is a deadly trap for creatives who are keen to find clients and want to show off their ability. It is easy to say yes to these requests, hoping to impress and hopefully win well-paid work in the future.
Unfortunately, this strategy doesn’t work.
People don’t value the things or services they get for free.
We will stop you from falling into this trap.
It is your business model and approach to finance that ensures you have a profitable business.
We will help you to build and grow a system that protects you from the false promise of dangled carrots. We will ensure that you have the right business model and know how and where your profit is to be made.
We will also automate your processes as much as we can, freeing you to get on with your work without worrying about your finances.
A better system
- Set your annual goals and quarterly targets and measure your progress
- Identify the profitable projects and clients so you can focus on them
- Help make your projects more efficient and more profitable
- Minimise your tax bill- a very effective way to do this is to make full use of your allowances including R&D tax credits. Many creatives are eligible for this tax break and we can help you claim.
Financial Controls
Financial controls are vital for any business whether you are a sole trader, partnership or company.
They allow you to relax and get on creating with the confidence that bills will be paid and things are moving in the right direction.
- Budgeting- you must work to a budget
- Cashflow forecasts- you need to know when money is coming in and going out
- Profit and loss forecasts so you know where you stand
- Processes and Measures
We are experts at automating business finance processes and putting in place the key measures you need to monitor your business.
While financial processes are not particularly interesting, they are necessary to running a business. They help you to understand where you are today and they are vital for tax, reporting and, importantly, growth.
We’ll automate the bits we can making it all much simpler for you.
Business Planning for Growth
Many creatives want growth. This requires financial controls, measures and business planning.
Growth comes from monitoring your key measures (known as Key Performance Indicators- KPIs) and taking the actions needed to improve them.
With a practical business plan, you can concentrate your efforts on finding profitable clients, finishing projects, doing the things that make a difference and building your team.
And as you grow and need more our virtual Finance Director package will help you.
Take control of your finances
We will make sure all the important finance stuff is being attended to, leaving you more time to create.
We will sort out all the HMRC and Companies House requirements and filings. We’ll also do your bookkeeping and accounts so you are in control of your finances.
Improve your Business Planning
When it comes to your goals and business plans, we will advise you as a partner and business confidant.
We will encourage you to push forward in the areas where we see good opportunities (such as entering new sectors, increasing your prices etc.) and we’ll also point out the pitfalls.
Be more Innovative
You are a creative after all. We'll help you to grow in a way that suits you and helps you achieve the lifestyle you want.
We know that by managing the dull stuff and putting key measures in place, you are more likely to grow your business in the longer term and that's good news for both of us.
Three more reasons why creatives love us
1. Our expertise
We are experienced in supporting creatives. Every industry is different and we know how to effectively help those working in the creative space.
We can help you
- Manage your finances
- Minimise your tax bill
- Maximise your R&D tax credit claims - many creatives are unaware that they can take advantage of these
- Attract finance, funding and grants
- Grow your business
2. Our approach
Creatives are very proactive in supporting their clients.
However, most accountants sadly are not. They typically do your accounts, tax returns and payroll when they are needed and that's about it.
Naylor Accountancy Services is proactive in ensuring your success. We are your partners in finance helping you to achieve your goals.
3. Our values
We use our values to guide our decisions and actions. Creatives often remark that our values chime with their own.
Many of our clients comment on the enthusiasm, commitment and fun we bring to doing the accounts. That makes a big difference to them and makes us smile.
Creative Testimonials
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Client:
Freelance cameraman
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Time with us
12 Years
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f you are looking for an accountant I would really urge you to have a chat with Nikolai, I am so pleased that we did just that several years ago. He has made running our business a lot easier and we are able to spend more time doing what we are good at.
Our values
- Integrity
- Care
- Having fun
- Accountability
- Responsibility
- Growth
- Excellence