At Xeinadin, we are here to help you build a career that lasts. We have supported performers at every stage, from early‑career actors juggling multiple jobs to household names on screen. One thing we’ve learned is this: the strongest creative careers are built on solid financial foundations.

If you’re just starting out, the world of tax, business structure, and financial planning can feel overwhelming. So, we’ve put together a clear, practical guide to help you understand the essentials and to show you how we can support you as you grow.

 

Making Tax Digital: What you need to know

From April 2026, many self‑employed performers will fall under Making Tax Digital for Income Tax (MTD ITSA). This changes how you record and report your income.

What this means for you:

• You’ll keep digital records of your income and expenses.
• You’ll submit quarterly updates to HMRC.
• You’ll still complete a final declaration at year‑end.

For actors, whose income often comes from multiple sources (commercials, theatre, part‑time work, teaching, voiceovers) this can feel like a big shift. But with the right systems in place, it becomes simple and stress‑free. Our team specialises in helping performers transition smoothly into MTD, so you always know where you stand.

 

Should you set up a Limited Company?

This is one of the most common questions we’re asked.

A limited company can be beneficial when:

• You’re earning consistently high fees
• You want more control over how you pay yourself
•  You’re working on multiple commercial projects

But for many entry‑level actors:

Remaining self‑employed is usually simpler, cheaper, and more flexible. A limited company adds admin and cost — and it’s not automatically more tax‑efficient.

At Xeinadin, we look at your whole picture: your income, your goals, your family situation, and your long‑term plans. Then we help you decide the right structure at the right time.

Are you claiming the right expenses?

Many actors miss out on legitimate tax deductions simply because they don’t know what counts.

Allowable expenses often include:

• Travel to auditions and rehearsals
• Agent fees and commission
• Headshots, showreels, and self‑tape equipment
• Training, workshops, and classes
• Casting platform subscriptions
• Props, costumes, and makeup used solely for work
• A portion of home office costs

Common pitfalls:

• Claiming everyday clothing (not allowed)
• Forgetting mileage
• Not keeping receipts
• Mixing personal and business expenses
• Failing to register for VAT when necessary

Under MTD, accurate digital record‑keeping becomes even more important. We can help you set up a system that works for you.

 

Structuring your finances

Acting is a unique profession. Income fluctuates, opportunities come in waves, and long‑term planning can feel impossible. That’s why structuring your finances early is essential.

Your money needs to do three things:

• Cover today’s living costs
• Cover today’s tax
• Build tomorrow’s security

Smart steps for new performers:

• Set aside tax from every payment
• Build a buffer for quiet months
• Keep business and personal finances separate
• Start thinking about pensions and savings early
• Consider how your financial structure supports your wider family

For some performers, a limited company (when the time is right) can help manage household finances more efficiently. For others, remaining self‑employed is the best route. Our job is to help you choose the structure that supports your life, not just your career.

 

Why speak to us at Actors Pro Expo 2026?

Because we understand your world.

We have worked with actors across TV, film, and theatre, from early‑career performers to well‑known names and our ethos is simple: treat every client with the same care, because you never know where their career will take them.

We’re here to support you from your first role to your future retirement because you never know where your career could take you, and you deserve advisors who are with you every step of the way.