Tax for the tax-terrified creative, with Julian Brookstone
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Big episode here. Huge. Enormous. I know you hate and fear tax. It is that monster in that Bird Box movie where if you look at it, it kills you. That's not the case. Our guest, Julian Brookstone, breaks tax down into simple language and will make the whole thing seem manageable. Here's Julian's article on tax.And here are some detailed timings to help if you want answers to a specific question:5:40 - We start getting into it - What’s your perception of the way most creative freelancers see their taxes? 8:45 - Where do I get started? 10:35 - I have an account. Now what? 12:40 - What expenses can I claim?13:40 - How do you keep track of expenses?17:10 - How Jon got his taxes sorted out19:37 - What is provisional tax?27:20 - Estimating your income during the pandemic36:20 - Is deducting petrol and office space worth it?53:30 - What is turnover tax and is it worth it? (spoilers - it’s not worth it for most creative freelancers, so skip this bit if you’re optimising your listen)60:41 - Are tax dates shifting due to Covid? (There are changes, but they probably won’t affect you)1:03:25 - How does income from overseas clients work with tax, and are transfer platform fees deductible? (They are)1:11:31 - Let’s summarise1:15:21 - Oh no, we forgot about PAYE!1:18:50 - Wrap-up and where to find Julian