Whether you’re an established artist or an emerging one, a band, producer or sound engineer, we will liaise with your lawyers, management company and agents both in the UK and abroad to ensure you have the peace of mind to focus on enjoying your music while we take care of your finances.
If you’re a musician, you might have income from performances, session work, busking, music teaching, CD/download sales etc. And you could have expenses such as valuable instruments and clothes.
If you’re a sound engineer, you might work in a studio or on tour, with associated travelling and equipment expenses. Either way, we’ll ensure that everything is correctly accounted for.
Our experienced accountants will ensure that you always pay the right levels of tax. And that there are no nasty surprises.
We’ll advise you about the best global tax structure that will minimise your personal and corporate tax liabilities.
We’ll help you to enjoy your success by handling your financial affairs so that you can concentrate on your work.
We can’t make you rich but we CAN help you to keep as much money as possible from all your hard work. And that has to be music to your ears.
If you’re self-employed, we’ll check whether your income is trading income (so you could claim more expenses), and ensure that you pay any tax twice a year via Self Assessment.
If you’re employed, our experts will make sure that the correct tax is deducted at source by your employer.
In both cases, we’ll also tell you what tax-deductible expenses you can claim.
With Axia, your own dedicated tax accountant will optimise your tax affairs, giving you complete peace of mind.
Even if you’re working on multiple contracts in the UK and abroad, we’ll ensure that you only pay the tax that you owe.
The UK has a Double Taxation Agreement with many countries but we can minimise the tax you pay.
When you show your gross income, don’t deduct your agent’s commission and VAT.
We can make a separate claim for the commission and VAT costs.
If you opt for simplified expenses under the new cash basis, you won’t be able to set off any losses against other income and it could limit your expense claims.