How do Creative People keep on top of their Accounts..?
I came back from meeting my long suffering accountant yesterday, a meeting designed to take me through the Year End Figures and forwearn me how much I was going to have to give the Tax Man come January..
As usual, I nodded sagely as he went through the columns, the figures, the in and outs ….and came out really none the wiser..I was still high on the fact that my masks had been featured on BBC’s Strictly and really, that was all I wanted to blather on about to him..!
But it did get me thinking about being a small Creative Business here in the UK, and how bloody HARD it has been to understand, stay on top and manage the financial side of the business. When I first started I literally had an ever growing pile of receipts,invoices etc that I just pretended wasn’t there (the well documented head in the sand approach!)
Seriously, the BEST thing I ever did was to employ an accountant – he now does both the bookkeeping and the accounts, and the weight off my mind makes it WORTH. EVERY.PENNY..People always tell me that accountants save you whatever they cost, I think I need to be turning over a lot more before that comes true but he is still the best money a Creative can spend..
The only thing I wish..? Having employed a fair few Arts Graduates in the last few years, I’m always astonished that there isn’t any kind of pricing or financial module in the Degrees they’ve done – come on Universities, throw these guys a lifeline before you send them out into the Big Wide World to fend for themselves!
And on that note I can forget about it all for another 12 months , thanks to my brilliant accountant..
Sam Peach
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