Your Vision, Our Precision
Accounting for Studios in London That Doesn’t Hurt Your Wallet
All you need is lights, camera, and action to make your dreams into reality. We understand you have to put up with a lot of drama into managing finances and celebrity tantrums. Don’t let the financial stress hinder your creativity. Expert support from our accountants will smoothen the financial challenges so you don’t have to.
Seamless Studio Solutions
Handling Studio Accounting, so Your
Creativity Takes the Spotlight
Limited Companies
Perfect for studios handling large projects, employees, and complex tax structures.
- Stay Compliant: We handle payroll, VAT, and tax filings so your studio runs smoothly.
- Boost Profits: Claim every business expense, from equipment to production costs.
- Clear Cash Flow: Get clear, accurate reports that show exactly where your money goes.
Sole Traders / Individuals
Ideal for independent filmmakers, designers, and studio owners working solo.
- Track Every Expense: Know what you spend from props to software.
- Simple Tax Returns: File correctly and claim deductions without missing a beat.
- Financial Stability: Budget smarter so your studio stays profitable year-round.
Partnerships
Designed for creative teams running a studio together.
- Split Finances Clearly: Manage partner contributions, profits, and taxes without confusion.
- Lower Costs: Claim shared expenses, from rent to equipment, and reduce tax bills.
- No Surprises: Get reports that keep both partners on top of studio finances.
LLP (Limited Liability Partnerships)
Best for studio partnerships needing structured finances and tax efficiency.
- Stay Compliant: We handle tax returns, so your studio meets every deadline.
- Shared Benefits: Claim tax relief on shared expenses like rent and production gear.
- Clear Insights: Get financial reports that help you and your partners plan for the future.
Contractors / Freelancers
For editors, animators, and creatives working on multiple projects.
- Manage Your Income: Keep track of payments from different clients without stress.
- Quick Invoicing: Send professional invoices so you get paid on time.
- Keep More Money: Claim every expense, from software to travel, and reduce tax.
Streamlined Accounting Options
Easy Studio Finances, More Room to Create
Pre-Studio Tax Planning
From £40 £20 per month
- Review project budgets to keep your studio financially healthy.
- Plan for production costs, staffing, and tax obligations.
- Identify tax reliefs on equipment, rent, and creative expenses.
- Structure finances to improve cash flow for upcoming projects.
- Avoid costly tax surprises with early planning.
Tax Return Preparation and Filing
From £40 £20 per month
- File business and personal tax returns with complete accuracy.
- Handle VAT, corporation tax, and freelancer filings.
- Report all revenue streams, from client payments to royalties.
- Claim deductions on production costs, marketing, and office space.
- Meet tax deadlines without stress or last-minute panic.
Foreign Asset Reporting Compliance
From £40 £20 per month
- Track studio equipment, software, and workspace expenses.
- Claim tax relief on cameras, lighting, props, and editing tools.
- Manage rental agreements and lease deductions.
- Keep records updated for grants and funding applications.
- Avoid overpaying by staying on top of financial records.
ITIN Application and Renewal
From £40 £20 per month
- Assist with registering your studio for tax identification.
- Renew expired tax registrations without delays.
- Ensure documents meet government requirements.
- Track application status for timely updates.
- Provide support for tax-related registration issues.
Business Incorporation and Advisory Services
From £40 £20 per month
- Help choose the best legal structure for your studio.
- Register your studio for tax and compliance purposes.
- Apply for necessary business permits and industry licenses.
- Set up an accounting system that suits your workflow.
- Offer ongoing financial advice for sustainable growth.
Bookkeeping and Payroll Services
From £40 £20 per month
- Keep accurate records of production costs and revenue.
- Manage payroll for staff, freelancers, and contractors.
- Reconcile accounts to track studio expenses.
- Prepare detailed financial reports for budgeting.
- Ensure tax compliance for all business transactions.
Accounting Help to Begin Your Production Journey
Hear From Our Satisfied Clients
"I never realized how much I was missing until I switched to this accounting service! As a plumber running my own business, keeping track of finances was always a headache. But now, it's all streamlined, and I actually feel on top of things. Highly recommend it to anyone in the trades!"
-Chris D
Sole Plumber
"Running a plumbing company comes with enough challenges, and handling finances shouldn't be one of them. The team here helped us optimize our cash flow and get our taxes sorted without any hassle. It’s been a game-changer for our business, and we can finally focus more on what we do best."
-Sarah M
Owner of M&L Plumbing Services
"I was skeptical at first, but the team made everything so easy. As a plumber who's just starting out, trying to figure out taxes and expenses was overwhelming. They've made it simple and I’m saving way more than I thought I would. Definitely a must-have service for anyone in the trade."
-Tom R
Freelance Plumber
Lights, Camera, Action
Studio Success Awaits With
Accounting from £30
- Help in claiming tax deductions
- Organising project budget and financial records.
- Never miss a deadline again.
- Keep your accounts up to date.
- Maintaining steady cash flow for productions.
- Compliance with tax obligations.
- Expert advice on growth and expansion.
- Planning your growth to limit risks.
Trusted by Studios across London to enjoy stress-free hosting while we handle the logistics.
Ready to Roll:
Start Your Studio Journey Today!
4 Things Every Studio Owner Should Know
- Business Structure and Registration:
Consideration: Decide whether to operate as a sole trader, partnership, or limited company. - Budgeting and Financial Planning:
Consideration: Estimate startup costs (equipment, studio space, licenses) and create a financial plan. - Tax and Compliance Requirements:
Consideration: Understand VAT, corporation tax, and industry-specific tax rules. - Equipment and Expense Management:
Consideration: Plan for purchasing or leasing equipment and managing ongoing expenses.
Why handle the stress of starting a business on your own when Faal offers accounting services starting from as low as £5? Get it right, partnered with trusted accounting help.
Find Your Solution in 3 Steps Only in £30!
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We’ll handle the rest, delivering tailored advice for your concerns.
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Initial Exploration Form
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Initial Exploration Form
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