We can deal with everything you would expect of an accountant utilising a wealth of experience within the Media and Entertainment sector. When starting out we can advise on VAT registration, incorporation and optimise the expenses to be included in your accounts.
We provide business management to established individuals and our clients include many household names within the film and television industry, writers in all genre, comedians, presenters, composers, musicians, opera singers, models, and many more. Behind the camera we act for producers, directors, choreographers, designers etc.
We have developed strong relationships with agents and managers, having worked with them for many years, and can ensure that both their own and their client’s needs are fulfilled to exceed expectations.
We are proud of being able to help individuals with key advice during formative years. We have strong relationships with many drama schools and regularly advise and guide students.
As careers develop we can also liaise with agents and managers to review complex contracts, advising on amounts to be set aside for tax reserves to meet forthcoming tax liabilities, deal with the preparation of double taxation forms to minimise overseas withholding taxes etc. Through Baker Tilly International we have access to advice wherever you are likely to perform or work.
We regularly advise about incorporation and can deal with everything needed to set up company.
Royalties and profit share
We can conduct royalty audits to verify royalty entitlements and establish claims to double taxation relief where international contracts are involved.
We can liaise with agents to structure contract splitting to optimise tax rates and advise on the timing and receipt of income. We can also assist with the minimisation of income tax by optimising the spreading of reliefs available in relation to intellectual copyright and offer assistance in types of profit participation clauses.
For further information please get in contact with our media and entertainment team.