If you work in the TV or media industry, it’s likely that you seek support from an accountant in order to keep your business finances in good order. This is good practice and allows you to meet your tax obligations with the minimum of stress and hassle – especially if managing your accounts strikes fear into your heart as it does with many freelancers and business owners. However, it often goes unrecognised that there are specific media accountants out there who can offer you multiple layers of support in order to help you with other aspects of your business management.
Managing everything that comes with freelancing or running your own business is no mean feat – it’s almost impossible for anyone to have the in-depth business knowledge required for every facet that you need to organise. This is why you should always look toward a specialist accounting service that can help you to understand and cope with all of the other pressures that you will face in the daily running of your professional situation. Bookkeeping facts and figures, while important, are only one small part of your work.
Support for Every Aspect of Your Business
The beauty of specialist media accountants is that they can help to guide you through every part of your business responsibilities, providing you with professional support that could stop you from making costly mistakes either to your pocket or your reputation. Unless your goals are very clearly defined and you have no desire to grow your business or your ability to earn more money, a helping hand from somebody who understands your industry and can help you to progress is essential. It’s very hard to wear all of the hats all of the time, so this additional outside help will give you another brain to pick for ideas that you may not have the time or experience to formulate yourself.
Help With Negotiations and Development
The added benefits that you will receive from using specialist accounting services are numerous, but some of the main things you should look out for are as follows. Firstly, and this particularly applies to freelancers, is the additional provision for contract and rate negotiations. Many media accountants, due to their extensive experience of the creative arts sector, are in a fantastic position to advise you on the kind of pay you should be seeking for your skills. Also, because they’ve been working with people in a similar position to you and also with a variety of media companies for the whole time they’ve been operating, they have the insight needed to enter into negotiations with the right attitude, degree of flexibility and the ability to know when to stop pushing.
The same principles apply to negotiating the terms and conditions in your contracts, and the best news is that these extra services will usually be included in your yearly fixed fee. You can also generally choose whether your media accountants take care of negotiations themselves, or just advise you on the best way to handle that particular company. Your accounting service will also come with business development support, helping you to devise ways to grow your offering and become more successful. With all things considered, it’s clear to see why a specialist accounting service can give you much more bang for your buck!