Newsroom
What we’re seeing across our clients.
Commentary, briefings and case studies from the Mercian team — what’s hitting our inbox, what HMRC is asking, and what owners are doing about it.
A Comprehensive Guide to P60s: Understanding Your End-of-Year Certificate
Understanding P60s At Mercian Accountants, we understand that navigating the complexities of financial documents can be daunting. That’s why we’re here to help. As part of our commitment to providing clear, accessible accounting guidance, we’re pleased to present our comprehensive guide to understanding P60s. This article will delve into the essentials of the P60, an…
Read MoreOnlyFans Tax FAQ
Welcome to our comprehensive FAQ guide It is tailored specifically for OnlyFans creators in the UK. This guide addresses the most common tax-related questions you might encounter as you navigate content creation and monetisation on OnlyFans. From understanding your tax liabilities to exploring allowable deductions and managing VAT, these FAQs cover many topics to help…
Read MoreNavigating HMRC Investigations: A Detailed Guide for OnlyFans Creators
Welcome to our comprehensive guide on navigating HMRC investigations, specifically for OnlyFans creators. At Mercian Accountants, we understand the unique financial landscape that digital content creators face, especially regarding tax obligations and compliance. With the growing popularity of platforms like OnlyFans, it’s increasingly essential for creators to be well-informed about potential HMRC inquiries and how…
Read MoreNavigating OnlyFans Income: A Guide for UK Creators
Welcome to the dynamic world of OnlyFans, a platform that has revolutionised content creation and monetisation. As an OnlyFans creator, you’re part of an innovative community redefining entertainment and audience engagement. However, with great creativity comes the responsibility of managing your finances effectively, especially when understanding and handling your income streams. At Mercian Accountants, we…
Read MoreBlogger’s Guide to Expenses: Essential Tips for Saving Tax
Introduction Expense tracking is an essential part of financial management for bloggers. You can save money on taxes, improve profitability, and make informed financial decisions by tracking your expenses. This involves consistently recording your expenses, categorising them appropriately, keeping receipts for verification, and regularly reviewing your spending patterns to identify areas for improvement. Understanding allowable…
Read MoreNavigating the UK Tax Maze: Essential Tax Tips for Bloggers and Content Creators
This guide will show you how to calculate your taxable income as a content creator or social media influencer. What is taxable income? As a content creator or social media influencer in the UK, you are self-employed if you generate income from your online activities. This means you are responsible for paying taxes on your…
Read MoreDecember 2023 Tax Newsletter
On 22 November 2023, Chancellor Jeremy Hunt presented his Autumn Statement to Parliament and started making, in his words, the long-term decisions necessary to strengthen the economy and build a brighter future. Fueled by falling inflation and stabilised public finances, focus is now being applied to reducing debt, cutting taxes and rewarding hard work.Headlines included…
Read MoreWhat is bookkeeping?
Introduction to Bookkeeping Welcome to Mercian Accountants, where we understand the pivotal role of bookkeeping in successfully managing your small business. Bookkeeping is the process of systematically recording and organising all financial transactions of a business. This includes tracking all sales, purchases, receipts, and payments, ensuring every financial move your business makes is accounted for.…
Read MoreMercian Accountants become part of the Handpicked Accountants Network
Mercian Accountants have been invited to join the carefully selected collection of leading accountants in the Handpicked Accountants portfolio nationwide. Handpicked Accountants is part of Begbies Traynor Group and provides access to outstanding accounting services for every business need. Mercian was selected to join Handpicked as a practice that demonstrated commercial expertise, understanding of the…
Read MoreAutumn Statement 2023: What It Means for You and Your Business
The Chancellor of the Exchequer, Jeremy Hunt, presented his pivotal Autumn Statement on 22nd November 2023, unveiling a series of measures aimed at steering the UK through challenging economic waters and bolstering business growth. Amidst a climate of reduced inflation and cautious fiscal optimism, the Statement laid out a roadmap that significantly impacts individuals and…
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