Tax Returns Needed for Only Fans Creators
As an Only Fans content creator, all of the money you earn and hits your bank account is taxable, even when it may be described as a gift, or a tip.
You must therefore complete annual tax returns under self-assessment, whether you are treated as a sole trader (an individual) or whether you choose to work through a limited company and are a director and shareholder.
There are limited legal deadlines for you to declare your income from Only Fans and it’s never too late to do this if you have missed the deadline.
We have ways of declaring income from early years, simply and efficiently for you. You may be able to benefit from a digital disclosure whereby by making that early voluntary disclosure you should not have any intervention from HMRC. If by chance they do enter into correspondence, we can deal with it for you.
By choosing Lindsay Henson Ltd, you will benefit from many years of experience of dealing direct with HMRC. You will also have the benefit of fully qualified chartered accountants to do the paperwork for you and we are very approachable and happy for you to pick the phone up at any time for no extra charge as we provide a fixed price quote so that you know from the start the cost involved.
We are extremely fair and competitive and can provide that fixed quote before the work starts to give you peace of mind. At the same time we can answer any questions you have without obligation and incomplete confidence. Pick up the phone if you want to know how to get up-to-date with your tax affairs.
Call Andy Rusling on 07879 464577, Lindsay on 07584 706664 or email us for a prompt reply.