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Services >
Entertainers and Musicians
We have over 25 years of working experience from specialising in the entertainments field. Our clients include performers and people working in allied industries, so we are able to provide to you best advices, whether you are just starting out in the profession or are well established.
Together with our associate firm, Garth Pedler & Co, Chartered Accountants, we are one of the UK’s leading specialist firms dealing with the accounting and taxation affairs of clients in the entertainment industry. Your accounting and taxation requirements are not similar to other professions and trades and therefore the advice you should seek and be given ought to be from someone who has that specialist advice.
 In order to best illustrate this very important point the following shows the depth of advice that you will receive from us: -
Our accounting and taxation service will include the following: -
FOR YOUR BUSINESS:
- Help with the compliance matters in the running of your business whether you are a sole trader, a partnership including a limited liability partnership; a limited company or a charity; guidance on your bookkeeping; whether you operate a manual or computer system; providing to you a comprehensive list of expenses you can claim; help with management accounts and; providing to you an accountant’s or auditor’s report on your annual financial statements.
- Advice on the start up of your business and selecting the most tax-efficient structure for your business whether you are a Sole Trader, Partnership including Limited Liability Partnership, Limited Company or a Charity. We can help you with your business plan, cash flow projections and budgets. We can also help you to establish relationships with banks.
- Help on choosing your most advantageous accounting date.
- Dealing with your business self-assessment Tax Return including providing to you a copy of our calculation of the adjusted profit for taxation purposes and preparing your claim for capital allowances.
- Help on keeping your business tax liabilities to a minimum including National Insurance Contributions, Income Tax, Corporation Tax, Capital Gains Tax and Value Added Tax.
- Help with Value Added Tax (VAT) including advising you when you must register for VAT and the most beneficial method of reporting to HM Revenue and Customs (HMRC).
- Help to select your most tax efficient remuneration package.
- Help with PAYE matters including maintenance of your payroll.
- Help with an aspect or full enquiry from HMRC. Click here for details of our HMRC enquiry cover.
- Help with your exit plan from your business and retiring in the most tax efficient manner.
- Help with company secretarial matters including arranging the formation of your company and maintaining the statutory register.
FOR YOU PERSONALLY: -
- Providing to you at the earliest opportunity the estimated amount of any tax liability so that you can plan your cash flow.
- Advice on whether you can reduce or defer your tax liabilities.
- Preparation of your annual Self-assessment Tax Return.
- Help with your National Insurance Contributions (NIC) including whether to apply for exception from Class 2 NIC; whether to apply for deferment of Class 2 NIC and/or Class 4 NIC; whether Class 1 NIC suffered at source can be credited against Class 4 NIC; advising on the implications of working overseas as regards NIC.
- Help with your tax status, whether you are employed or self-employed; advice on UK residency and domicile; obtaining the maximum reduction of your UK tax bill in respect of overseas tax suffered; advising on the UK taxation effects of coming in or going out of the UK.
- Advising whether you can avoid or defer any taxable gains.
- Providing to you a copy of our Income Tax and/or Capital Gains Tax computation showing our detailed calculations of that tax liability. Click here to email Tim Dauncey for further information.
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