It takes a certain personality to become a social media star, whether that be a content creator on TikTok, an Instagram influencer or you’re documenting your life on YouTube.
Social media has always had the capacity to drive trends within society. The growth of content creators across social media platforms like Instagram, Twitter and Facebook, the continued rise of the YouTuber over the last 10 years, and more recently, the explosion of the TikTok star, has turned this sector into a multi-billion-pound industry.
This means there are thousands of social media influencers who have propelled themselves into the spotlight, but need support on how to manage the finances they’re now earning.
At Gorilla Accounting, we are experts in accounting for social media influencers, content creators and online entrepreneurs. We understand the complexities of earning through multiple streams of income and can help you navigate your way through anything you’re uncertain of.
Looking for an accountant for influencers?
With more and more entrepreneurs of all ages and backgrounds going viral across these platforms, it can be tricky to navigate earning an extra income that has developed from a hobby, often alongside a salary from a full or part time job. You may be just starting out in your career, doing social media full-time from the offset, and need support with your tax payments as you head towards getting verified on TikTok.
Either way, there is no ‘how to become an influencer overnight’ handbook that works for everyone. It takes a lot of hard work, thick skin and fresh ideas to succeed. Having the support around you from management and a social media accountant can also pave the way to ensuring your success online is long term.
Accounting & Social Media
If you’re looking for an influencer accountant who can help you with the financial side of success, Gorilla Accounting can help. There are not many designated accountants for social media influencers out there – especially those with the amount of knowledge and experience you will get from an accountant at Gorilla Accounting.
Accounting for social media influencers is a specialist area. An accountant for influencers needs to keep on top of the most recent trends and the different areas in which social media influencers and content creators can earn money, from Creator Funds to Brand deals and everything in between. At Gorilla, you will find everything you need in a social media influencer accountant as we already work with an abundance of creators in your area.
Whether your day-in-the-life videos go viral, you’re gaming online, creating fashion reels, posting skits on TikTok or you’re recommending beauty products on YouTube, we can help you navigate the weird and wonderful world of becoming an influencer, leaving you with more time to be creating content.
Social media accountants and making money online
There are so many different ways to make money on social media now, and different opportunities are presented based on engagement, followers, and the content you may be creating.
Whether you’re earning an income from monetising your videos or posts, through brand deals, sponsorships, affiliates or subscriptions, you can earn £1,000 per tax year before having to worry. You can earn £1,000 tax free as the ‘trading allowance’. There is a lot of money to be made on social media, so you may find you earn that quickly before you need to start paying tax on your earnings, with no idea of your tax obligations going forward.
If you will be earning more than £1,000 in a tax year, you will need to ensure that any taxable income and expenses are tracked. An influencer tax accountant can help you track your incomings and outgoings and can ensure you are HMRC compliant yet tax efficient when it comes to your take home pay, giving you the peace of mind that you need.
Accountants for social media influencers can also make sure you’re paying the right amount of tax if you’re working full-time alongside content creation, if doing social media is your ‘side hustle’.
Accounting for influencers
At Gorilla Accounting, we offer a wealth of simple, transparent accountancy services designed with the new world of social media influencers in mind. If you’re looking for a dedicated content creator accountant to help with accounting for Instagram, TikTok or any other social platform, we can support you from the very start of your journey. Influencer accounting is a fairly new strand of accounting, but Gorilla works with people earning money just like you.
From incorporating your new company and creating business bank accounts to arranging tax returns from monetised payments, we’ve got you covered. Accounting for influencers shouldn’t have to be difficult. We can take care of your finances so you can concentrate on making engaging content for your online audience.
If you’re looking for a social media accountant, we have a wealth of expert knowledge and experience. With a modern, tech approach to accounting, Gorilla is the UK’s Most Trusted accountancy firm for content creators and social media influencer accounting. We’re not like traditional accountants and we’ll never try and baffle you with financial jargon. We take a modern approach to accounting, by using cloud-based software accessible anywhere, at any time.
So, if you’re away on a brand trip and need to access your records or you’re having meetings with management and need to go over some expenses, you can access everything your accountant can access at the click of a button. A perfect setup for bookkeeping for influencers when the majority of your job is done through your phone!
Benefits of joining Gorilla Accounting as a content creator
The number of entrepreneurs with social influence has risen remarkably over the last 5 years, especially since the growing number of TikTok influencers have become more and more popular, many of which grew followers over lockdown. Accountant and social media are not normally spoken about in the same sentence, however accounting for influencers is a service that is needed by thousands of content creators in the UK.
With brand deals to manage and content to create, it can be tricky to keep on top of your finances, especially when you have multiple income streams. It’s even trickier if you’ve never run your own business before, and this is all new waters for you. You may have set out to simply make content on social media for fun and the universe had different plans for you – we can help make your new dreams become a reality and a full-time job.
Influencer Accounting with Gorilla
For one fixed monthly fee, Gorilla Accounting can take away the stress of incorporating your business whilst handling the ongoing tax management responsibilities that come with being a successful social media influencer.
Once registered, you’ll be allocated a direct contact accountant whom you’ll deal with throughout your time with us. They’ll work with you to learn everything there is to know about your business, helping you to maximise your tax returns and ensure that you never have to pay more than what’s absolutely needed.
What you’ll get from a Social Media Accountant
Included in the accounting services we offer, unlike other online accountancy services, you’ll have a direct contact telephone number and email address for urgent enquiries and will never be charged a penny extra for this uncapped service.
Under our Client Service Guarantee, if you contact your accountant before 3pm, they will get back in touch with you that very same day. That way, you don’t have to worry about anything else – just concentrate on your day-to-day.
With Gorilla Accounting, you will also get full, unrestricted access to one of the world’s leading online accountancy software packages, FreeAgent. Keep right up to date with your business finances no matter where you are with this detailed, user-friendly software – all included as part of your Gorilla Accounting subscription.
Accounting Software for Social Media Influencers
As a social media creator, you’re used to running your entire business from your smartphone. From content creation and editing to brand communications and email, everything happens on the go – and managing your finances should be no different.
With Gorilla Accounting, you’ll have access to industry-leading accounting software, with FreeAgent included at no extra cost or Xero available at a discounted rate. Both platforms are cloud-based, meaning you can access your accounts anytime, anywhere, as long as you have an internet connection.
Whether you’re travelling, working remotely or collaborating with brands worldwide, you can easily send invoices, track and log expenses, monitor cash flow and stay on top of your tax obligations directly from your phone or laptop.
Your dedicated accountant has real-time access to your accounts too, ensuring everything is kept in one secure place. This removes the need to send documents back and forth, reduces admin time and helps keep your finances accurate and up to date – so you can focus on creating content, not chasing paperwork.
Gorilla partners with FreeAgent and Xero, the industry leaders in accounting technology.
Here's a look at just some of the other areas we cover for our fixed monthly fee of £125 per month plus VAT:
- Financial statements
- Corporation Tax returns
- Quarterly VAT returns
- Payroll for up to two employees
- Preparation and submission of P11d
- Self-assessment tax return
- Assistance with HMRC records checks
- Employment status references
Join Us Today
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Show us some love and get rewarded.
Already built up a fantastic online following? Take advantage of our social media influencers partnership scheme and benefit from reduced rates whilst retaining complete access to our full portfolio of services.
Accounting for influencers is difficult to find, so sharing our details with your friends and family on and offline is perfect for anyone looking for an Instagram accountant, TikTok accountant or anyone else working in the online industry needing an accountant.
Simply promote our services through your channels and receive a reduction on your Gorilla Accounting subscription. These are tailored discounts so get in touch with a member of the team today via our Contact Us page or call us directly on 0330 107 9675 for more information.
