Digital Accounting Secrets for Musicians: Simplifying Your Tax Journey for MTD-ITSA

Discover how to navigate the world of digital accounting and tax management. If you're a self-employed musician, this informative session reveals essential strategies and tools to streamline your financial processes.

This video covers the shift to making tax digital, the importance of keeping personal and business finances separate, and how to easily manage your expenses with accounting software. Learn about the benefits of using apps like Xero, the necessity of maintaining accurate records, and how to categorise your expenses effectively.

Gain insights into practical tips for reducing your tax liabilities and understanding cash versus traditional accounting methods.

Our Expert Speaker Session, with Guest Speaker Alison Ponsford Hill

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Contact Alison Ponsford Hill

The Organised Musician: Financial and Diary Mastery Facebook Group

HMRC Guidance - BIM37910 - Wholly and exclusively: expenditure having an intrinsic duality of purpose: Clothing

HMRC Guidance - BIM50160 - Actors and other entertainers: expenses

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We’re proud to be a Xero partner. If you’re thinking about moving your accounts online, Xero is one of our top recommendations for musicians and freelancers. It’s intuitive, HMRC-recognised, and makes keeping on top of your finances so much easier.

👉 Check out Xero here (this is our partner link – if you sign up through it, we may earn a small commission, at no extra cost to you).

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Accounting | Self Employed | Finance | Digital Tools | Taxes | Business Management | Making Tax Digital | MTD-ITSA | MTD | HMRC | Digital Accounting | Musicians Tax Advisor | UK Musicians | Freelance Musicians