Our clients include Musicians (both rock and classical), Composers and Agents,Location Directors Actors, Publishers, Broadcasters and Sportsmen and Sportswomen.
Services Our services include corporate and personal tax planning, advice on company structuring,budgeting, royalty and licensing auditing, cash flow and VAT.
Tax Inevitably, many individuals in the creative world find that the pattern of their income is irregular as certain projects take longer than others to come to fruition.From a tax planning view such a pattern presents important challenges and opportunities.We have extensive experience of the relevant tax legislation and initiate timely and effective procedures to minimize our clients' tax liabilities.
Royalties Royalties can be fraught with difficulties, particularly when income from abroad is involved.A comprehensive understanding of the traditions and standard practices is vital,so too are highly developed investigative skills.In royalty work, media partners frequently link with forensic partners. Royalty auditors must not only be thorough and diligent, they must also be alert to anomalies that indicate a problem, such as unexplained variations in income from different territories or surprising shifts in historical patterns.
VAT VAT is one of the biggest sources of concern for performing artistes. They must register for VAT in the EU countries in which they are performing and ensure that they have a firm grip on every aspect of their VAT affairs. Careful accounting records must be maintained so that VAT returns can be processed correctly and on time. Agents are also no longer able to zero-rate their services when arranging performances in other EU countries for UK-based artistes, and penalties may arise if they do. Members of our Media, Music and Entertainment group regularlydraw upon the resources of our VAT department, so as to provide expert help in this most difficult area.