Are you a YouTube creator at the point in your career where you are gaining significant amounts of money? Right now, you’ve probably attracted various brands, in which case, you get many sponsorship offers. Most YouTube creators start their careers on the platform being a one-person team only, but they eventually hire more people to help them with their tasks.
Aside from having a video editor to manage all your video editing tasks, another essential person to be in your team is an accountant. In this article, we will share why you, as a YouTube creator, should work with an expert bookkeeper:
The Need for an Accountant
As your channel grows and you get more deals from brands, you will need to keep track of your finances. In Australia, you need to sort out your taxes as an “influencer,” and this process can get complicated when you have so much to do. Moreover, if you dislike math and anything that has to do with numbers, it’s best to leave the job to an expert instead.
An accountant will not only help you keep track of your finances, but they will serve as your partner who can help you make sound financial decisions for your channel.
What to Look for in an Accountant
When you are looking for an accountant, you first need to determine the level of commitment and relationship you want. For example, you might be after an expert who can keep track of your finances and drop them off to your house. For some, an accountant may be someone they see a long-term relationship with, in which case they will be in constant communication to do tax planning or profitability.
When you run a YouTube channel, it’s crucial to have an accountant who can help you at every step of the way. Keep in mind that bookkeepers are not only there for your taxes, but they can also help you devise strategies that can make your business more profitable. Likewise, they can help you budget and save more in the long run. For YouTube content creators, a small business accountant is who you should look for.
Finding the Right Accountant
You will find many capable accountants in today’s market, and each of them has their specialisations. When you search online, it may be tempting to opt for a cheaper service so that you can save money as well. However, cheaper fees do not always result in quality outcomes, which is something you must keep in mind. At the ECommerce Accountant, we offer affordable services with high-quality experts to help with accounting and compliance, and even cashflow forecasting, among others.
Conclusion
At this point, you now know the importance of working with an accountant as you expand your YouTube influence. You won’t have a problem finding an accountant today, though finding the right one for you and your industry will be difficult. Seeing that not all accountants specialise in YouTube and other forms of businesses in digital media, you need to take time to research and find someone who will take care of your taxes and help maximise your profitability.
After all, you’re on YouTube to earn and make a living, right? For this reason, you should make the most out of your presence and ensure you’re gaining good income sources!
If you are looking for a reliable influencer accountant in Australia, then you have come to the right place! At The ECommerce Accountant, we employ expert accountants and bookkeepers for influencers who can help them minimise their tax and increase their profit. Get in touch with us today to see how we can help!