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Accountancy Services for Musicians
Whatever style of music you represent, our financial experts can help to ensure you stay on top of your accounts and only pay tax due, so you can make the most if your earnings.
So whether you perform for a national orchestra, teach music, are in a wedding band or you’re the next Ed Sheeran or Lady Gaga, you can be sure we’re singing from the same songsheet.
What can musicians claim for?
Expenses are defined as being necessary for the operation of your business. Here are some examples of typical tax deductions available for musicians:
Are you claiming for?
- Marketing costs
- Website costs
- Travel expenses
- Instruments
- Instrument repairs
- Band purchases
- Production equipment
- Gig equipment
- Instrument insurance
- Recording fees
- Commissions
- Music
Book a call today
- Financial Management
- Expert Tax Support.
- Tax Efficient Image Rights.
We can help maximise your earnings and
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Your Questions, Answered
How is entertainment accounting different from regular accounting?
Entertainment accounting involves managing fluctuating income, international tax obligations, royalties, residuals, brand deals, and performance-related expenses. We specialize in ensuring that industry professionals remain tax-efficient, compliant, and financially secure, no matter how complex their earnings structure is.
Can you help with international tax if I work abroad?
Yes! Many of our clients work internationally, tour globally, or earn revenue from multiple countries. We provide expert guidance on double taxation treaties, VAT requirements, and foreign income reporting to keep you compliant while maximizing your earnings.
What expenses can entertainment professionals claim for tax deductions?
Common tax-deductible expenses include:
✔️ Travel and accommodation for work
✔️ Agent and management fees
✔️ Equipment and wardrobe (if industry-related)
✔️ Studio rental and production costs
✔️ Professional training and coaching
✔️ Marketing, websites, and self-promotion
We help identify all legitimate deductions to reduce your tax bill while ensuring full compliance.
Do I need to register for VAT as an entertainer?
VAT registration depends on your income level and type of work. If your turnover exceeds £90,000 (UK threshold), VAT registration may be required. However, we assess your situation to determine the best VAT scheme for your specific needs, including handling VAT on overseas income and digital earnings.
Can you help with royalty tracking and image rights management?
Absolutely! We assist musicians, actors, content creators, and other entertainment professionals in tracking royalties, negotiating contracts, and setting up image rights companies to protect and maximize earnings while remaining tax-efficient.
Still have questions? We’re here to help, reach out to us anytime!
Accountants for Musicians
Specialist Accounting & Tax Support for Artists & Performers
Whether you’re a solo artist, session musician, band member, or composer, managing finances while navigating the music industry can be overwhelming.
From handling gig payments to dealing with royalties, The Showbiz Accountant provides expert support to help you stay financially secure while focusing on your music.
Tax & Compliance Made Simple
We take care of your self-assessment tax return, ensuring you only pay what’s necessary while claiming all allowable deductions.
If you earn from multiple sources—gigs, streaming, royalties, or teaching—we make sure your tax obligations are clear and manageable.
We also offer VAT registration advice and guidance on HMRC investigations.
Our goal is to minimise your tax burden while maximising your deductions, allowing you to keep more of your hard-earned money.
Managing Payments from Gigs, Royalties & Contracts
Musicians often have irregular income streams, from live performances and recording sessions to merchandise sales and licensing deals.
We help track your earnings, ensure you’re paid correctly, and structure payments efficiently to avoid unexpected tax bills.
If you work internationally, we also provide advice on tax treaties and foreign income.
By meticulously managing your financial inflows, we help you maintain a steady cash flow and avoid financial pitfalls.
Business Structure & Financial Planning
Choosing the right business structure is essential for musicians.
Whether you should operate as a sole trader, limited company, or partnership depends on your income and long-term goals. We advise on the best setup, handle company formation, VAT registration, and payroll for band members or session musicians you may hire.
We also help with budgeting and financial planning to ensure career stability.
Our comprehensive financial planning services include retirement planning, investment advice, and strategies to grow your wealth over time.
Claiming Expenses & Reducing Tax Bills
Musicians incur many business expenses that can reduce their tax liability. We help you claim deductions for:
- Instruments, equipment, and maintenance
- Travel to gigs, rehearsals, and studio sessions
- Studio hire and production costs
- Music software, subscriptions, and licenses
- Merchandise production and promotion
- Agent, manager, and PR fees
With our expertise, you’ll maximise tax savings and keep more of your earnings. We ensure that every allowable expense is claimed, reducing your taxable income and increasing your net earnings.
Financial Education & Ongoing Support
Beyond handling your immediate financial needs, we believe in empowering our clients with knowledge.
We offer workshops and one-on-one sessions to help you understand the financial aspects of your music career better.
From deciphering recording contracts to understanding the implications of different revenue streams, our goal is to equip you with the knowledge to make informed decisions.
Why Work with The Showbiz Accountant?
We specialize in supporting musicians and understand the challenges of irregular income, contract work, and music industry expenses.
Our fixed-fee pricing ensures transparency, and you’ll have a dedicated accountant who knows the business inside out.
Beyond tax support, we provide financial advice to help you build a sustainable career.
Our deep industry knowledge means we can offer tailored advice that aligns with your specific needs and goals.
By working with The Showbiz Accountant, you gain a partner who is as invested in your success as you are.
Our proactive approach means we’re always looking for ways to optimise your financial situation, from identifying new deductions to advising on the best ways to invest your earnings.
