Wednesday, 12 November 2008

Creative accounting

Spent last night threading together receipts/train tickets and the like to try and sort out the tax situation from last year's big freelance job. This was done in partnership with an Art Director and Planner (AKA Him Next Door). It was also while I was still working for my last agency, so it involved lots of cloaks and daggers and out of hours work. Luckily, we had a brilliant client who was really flexible about us working evenings and weekends only - she knew this would be the case from the off.

We ended up doing some really nice work for her (the original brief was to redesign their logo, it ended up being almost a year-long project to rebrand and reposition the charity). The three of us all enjoyed working together. And the client got a bill half the size of one quoted by an established agency. I think one of the best things was the client telling us how happy she was she'd chosen to go with us as opposed to an agency, and how proud she was of the work. Job was a good 'un.

Anyway, it was a large chunk of cash for us and needed declaring. So we formed a partnership which we now need to disolve... and we also spent last night finding ways to bring down our collective tax liability. The good news is it will probably be a lot less than we originally thought, and could come down further still.

Right, time to get down the back of the sofa see if I can find any more old receipts.

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