003: Finance tips with Jeremiah Jordan
A few people have asked me what to do in terms of tax when bringing in sponsorship. I know the basics but I thought it was best I speak to a professional about this. Jeremiah is well versed in these things so hopefully this episode will shed some light on your finances and how you have to declare that money.
Who is Jeremiah
Jeremiah is the owner of RHJ Accountants and has been practising this craft since he was 16. He works closely with athletes and others who bring in sponsorship money.
What you’ll learn
- Whether you need to be a sole-trader or limited company
- How to declare the sponsorship money you need to bring in
- What sponsorship means to businesses in terms of tax
- How to manage invoices, income and outgoings