Tattooist Accounts

MVT
MVT Registered Posts: 41 💫 🐯 💫
in General accounting discussion
Hi, :001_unsure:

I have recently been approached by a tattooist to prepare his accounts and tax return. Does anyone have experience of tattooist accounts and if so is there anything I need to look out for.

Cheers

Comments

  • PGM
    PGM Registered Posts: 1,954
    No, but I'd imagine there'll be some specific H&S rules they need to follow along with the related cost.
  • Monsoon
    Monsoon FMAAT, AAT Licensed Accountant Posts: 4,071 🎆 🐘 🎆
    As with a number of other industries, there may be a lot of cash sales, I'd expect, so make sure that's reconciled ok. Other than that, I don't see any particular oddities that might come up.
  • MVT
    MVT Registered Posts: 41 💫 🐯 💫
    Thanks both. He does take a lot of cash sales and pays for his supplies out of this he then banks anything that is left. At the moment he doesn't keep any records or receipts!!
  • Monsoon
    Monsoon FMAAT, AAT Licensed Accountant Posts: 4,071 🎆 🐘 🎆
    MVT wrote: »
    At the moment he doesn't keep any records or receipts!!

    That will be the main thing to look out for and deal with then. :001_tt2::blink:
  • deanshepherd
    deanshepherd Registered Posts: 1,809
    MVT wrote: »
    At the moment he doesn't keep any records or receipts!!

    Good luck with that one!

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