Musicians, Artists, Actors

Accountants for Musicians, Artists, and Actors

Many musicians, actors and artists have fluctuating profits from a variety of income streams… from a musician’s point of view this can happen when producing an album one year and not releasing/promoting it until potentially the following year. Or for an artist this could be working on a large commission which takes many months to complete and not receiving payment until further down the line. To help balance out these peaks and troughs in profits we can complete an artist’s averaging claim, which effectively averages out two (or five) years profits.

Many artists also have income from the EU and worldwide. This can affect your both personal tax and VAT. We can help with these issues and general tax planning requirements, as well as the usual preparation of accounts, submission of the tax returns, VAT return preparation and reviewing your VAT scheme.

We have helped many of our clients implement efficient and cost effective business processes, that have produced excellent results and are now being used daily by our happy clients.