Whether you are just starting out, or you have been working continuously in your industry for years, you will get a completely custom service with us that focuses on you and takes into account your aims and your practices. This is by far better for sex work professionals specifically and not a ‘one size fits all’ accounting package that you might find elsewhere. 

You should register a limited company if you earn over £50,000 a year, to make sure you are not overpaying tax. We can guide you through the process which involves registering with HMRC and Companies House. The main advantage of registering a limited company is that the company is a legal entity in its own right. This means that if someone pursues legal action, they take the company to court, not you personally and your personal assets are protected. An individual can own part or all of a limited company, but an individual is not the company. Did you know that non-UK residents can register a limited company in the UK? This offers the freedom to run a business from abroad whilst benefiting from the tax advantages in the UK. 

A limited company is subject to a higher degree of compliance with HMRC and Companies House. This is something we handle on your behalf. A limited company needs to pay corporation tax. This is a flat rate and unlike self employment, companies do not qualify for a tax-free allowance, which means that all profits are taxable. However the corporation tax rates are much lower than individual personal tax rates. There are still a number of expenses and deductions that can be claimed to reduce your bill. There are other taxes to take into consideration if you hire employees which applies to both self-employment and limited companies. Which we can explain.

Our accountants will listen to you fully and offer guidance based on what you want to achieve. That could be something simple like better tax efficiency, by including all of your business’s allowable expenses in your tax return, or growing or adapting your business. We have expertise with the methodologies that will make your life easier. We have open lines of communication that are sensitive to your needs, so you will always know exactly what is going on with your money. You can hand over as little or as much responsibility for your finances as you prefer.