Tax Accountants for Artists | Creative and Numbers

Accountants for Artists

We get it – you became an artist to fuel your creative passion, not to become your own bookkeeper. But as a creative professional, navigating the financial side of your career is essential.

That's where Creative and Numbers who are specialist accountants for artists come in. We understand the unique challenges artists face in managing their finances. By partnering with us, you can replace financial overwhelm with financial empowerment. Our goal is to provide the support that allows you to flourish.

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How Our Accounting Services Empower Your Creative Journey

As a creative professional, you deserve the freedom to focus on your art without financial worries weighing you down. Our specialised accounting services are designed to streamline the business side of your passion, so you can create with confidence and clarity.

Here's how we empower your creative journey:

Financial Peace of Mind
Informed Decision-Making
Streamlined Tax Season
Growth-Focused Planning

Our Accounting Solutions for Creatives

We understand that every artist and creative business has unique needs. That's why we offer a range of flexible accounting solutions to empower your journey, no matter your stage of growth.

Here are some of the services we offer as accountants for artists:

Bookkeeping
Tax Preparation
Payroll
Financial Reporting
VAT

Your Success is Our Success

We believe that artists deserve the financial support and expertise to transform their passion into a sustainable career. We're not just number-crunchers – we're your dedicated partners, invested in your financial well-being.

Our mission is to empower you to break free from financial anxieties. By taking the complexities of accounting off your plate, we aim to give you the clarity and confidence to focus on expanding a business that truly supports your artistic goals.

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Basics of Bookkeeping and Accounting for Artists and Painters

Track Your Income

Accurately record all sources of income, including sales of artwork, commissions, grants, teaching fees, and any other revenue streams.

Document Your Expenses

Keep meticulous records of business expenses like art supplies, studio rent, exhibition costs, marketing, and travel.

Organise Your Records

Use a system (digital or paper-based) to categorise and store receipts, invoices, and bank statements for easy retrieval.

Choose the Right Tools

Explore accounting software and apps designed for artists or small businesses to simplify record-keeping.

Understanding Key Financial Terms

Familiarise yourself with basic accounting concepts such as profit and loss, assets, liabilities, and cash flow.

Set Aside Time for Bookkeeping

Dedicate regular time for financial tasks to avoid last-minute stress and ensure accurate records.

Benefits of Bookkeeping for Artists

Financial Clarity

Gain a clear understanding of your income, expenses, and overall financial health.

Informed Decision-Making

Make data-driven decisions about pricing your work, managing expenses, and investing in your creative growth.

Tax Compliance

Maintain accurate records to ensure you're correctly reporting income, claiming eligible deductions, and staying on top of tax obligations.

Budgeting and Planning

Create realistic budgets, allocate resources effectively, and plan for future projects.

Peace of Mind

Reduce financial anxiety and focus your energy on your creative process.

Professional Growth

Demonstrate financial responsibility and establish credibility with potential clients, galleries, and funding bodies.

What Expenses can be Deducted for Artists?

Art Supplies

The cost of materials and tools essential for creating your art, including paints, canvases, brushes, sculpting tools, sheet music, instrument repairs, etc.

Studio Space

Rent, utilities, equipment, and maintenance costs for a dedicated workspace. Even if it's a home studio, a portion may be deductible.

Marketing and Promotion

Expenses related to building your brand, such as website fees, printed materials, advertising costs, and exhibition entry fees.

Education and Professional Development

The costs of workshops, classes, conferences, or subscriptions that enhance your skills and knowledge as an artist.

Business Travel

Transportation, accommodation, and meals for art-related travel, including gallery visits, client meetings, or out-of-town exhibitions.

Professional Services

Fees for accountants, lawyers, consultants, or agents who provide services for your creative business.

How Creative and Numbers specialises in maximising tax benefits for artists?

Deep Understanding of Artist-Specific Deductions

As specialist tax accountants for artists, our team stays up-to-date on the latest tax laws & unique deductions available to artists, ensuring you don't miss any eligible expenses.

Home Office Deduction Expertise

We help you accurately calculate and claim the home office deduction if you use part of your home for your art business.

Strategic Tax Planning

We go beyond tax preparation, providing proactive advice to help you minimise tax liability and make financially savvy choices throughout the year.

Representation Before Tax Authorities

If necessary, we can support you in case of an audit, guiding for your rights and minimising potential penalties.

Understanding of Creative Income Streams

We help manage the complexities of fluctuating income, multiple revenue sources, and self-employment taxes specific to artists.

Personalised Tax Solutions

As expert tax accountant for Artists, we tailor our services to your individual, considering your discipline, expenses, and long-term financial goals.

What Our Clients Say

Ellie Botwood, Bot Inc PR, Branding and Sales Consultancy in Advertising, Film and Art

I’ve had my own business for the past 6 years and I’ve always struggled to keep on top of my accounts and invoices. Creative and Numbers have been imperative in helping me get back on track and taking away a lot of the headache so I can concentrate on what I’m good at. During the Covid-19 crisis, they provided knowledge, insight and advice in what was a really scary and precarious time. Sometimes there’s nothing quite reassuring than hearing it will be OK and we will get it sorted. I’m very grateful I found them when I did!

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