Capital Allowances and Maximising Tax Relief for Your Business
Capital allowances allow UK businesses to claim tax relief on certain capital expenditures, helping them reduce their taxable profits. This means investments in assets like machinery, equipment, or property improvements can bring significant savings at tax time. Knowing how to maximise these allowances is essential for effective business tax planning. Businesses often overlook the full […]
What Is Equity Film Financing and How Does It Work in the Film Industry
Equity film financing is a process where investors provide funds for a film project in exchange for a share of ownership and a percentage of the film’s future profits. This method gives filmmakers access to much-needed capital while offering investors a stake in the film’s potential success. Unlike loans that need to be repaid regardless […]
Corporation Tax Relief for the Creative Industry
Companies in the creative industries have access to a valuable set of Corporation Tax reliefs designed specifically to support their unique work. These tax reliefs allow eligible businesses to reduce their tax bill or even claim cash credits, offering direct financial benefits for qualifying expenditure in areas such as film, television, animation, video games, and […]
Step-by-Step Guide to Dividend Tax in 2025/26
Navigating dividend tax for the 2025/26 tax year in the UK requires understanding the latest thresholds, allowances, and rates to ensure compliance and make the most of investment income. For 2025/26, every individual receives a personal allowance of £12,570, with dividend tax applied only on income above this and any applicable allowances. This straightforward structure […]
What Is a ‘Waterfall’ in Film Finance
In film finance, the term “waterfall” refers to the precise order in which revenue from a film is distributed to investors, producers, and other parties with a financial stake. The waterfall, or recoupment schedule, establishes who receives payment, how much they receive, and when they are paid as funds flow in from sales and distribution […]
Financial Challenges Faced by Touring Musicians
Touring is an integral part of a musician’s career, serving as a crucial platform for reaching audiences and promoting new music. Yet, it comes with significant financial challenges. Rising costs in transportation, accommodation, and logistics have made it difficult for many, particularly independent and emerging artists, to sustain profitable tours. In fact, a substantial percentage […]
The Benefits of Incorporating Your Creative Business
Incorporating a creative business can significantly boost growth and stability. By establishing a legal entity, business owners benefit from limited liability protection, reducing personal risk when facing potential financial challenges. Additionally, incorporation provides an enhanced professional image, leading to increased credibility with clients, partners, and financial institutions. Tax advantages are another compelling reason for incorporation. […]
Tax Deductions Every Entertainer Should Know About
Navigating the world of finance can be challenging for anyone, but it becomes especially intricate for those in the entertainment industry. Tax deductions offer a lifeline that can significantly reduce the financial burden on actors, musicians, and other entertainers. Agent and management fees, costume expenses, and performance-related costs are among the crucial tax deductions that […]
What is the Difference Between a Receipt and a Tax Receipt
In the world of financial transactions, understanding the distinction between a tax receipt and a regular receipt is crucial. Both serve as proof of payment, yet they play different roles in financial management and tax preparation. A tax receipt is a type of evidence collected for tax purposes, essential for claiming expenses on income tax […]
Protecting Your Intellectual Property as a Digital Creator
In the rapidly evolving digital landscape, safeguarding intellectual property (IP) is not just a necessity but a strategic move for digital creators. As creativity flourishes online, so do the risks of infringement and unauthorised use. The key to protecting your intellectual assets lies in understanding IP laws and being proactive in enforcing your rights. Creators […]
