Specialised knowledge is crucial in media accounting. This is because the media industry has unique financial and regulatory landscapes that require expert handling.
At Allenby Accountants, our media accountants have years of experience in assisting performers, actors, musicians, creative agencies, directors, producers, and freelancers. We fully understand and cater to the specific needs of our clients—including adapting to unusual or flexible schedules. This dedication has established us as a trusted accounting partner for various media businesses across the UK. Here’s how we can support you:
Guidance on business setup
Allenby Accountants offers customised advice on choosing the right business structure, taking into account factors like tax implications, project location, target market, resource requirements, and the nationality or domicile of stakeholders.
Facilitating project funding
Our media accountants excel in compiling and presenting the necessary details to secure project funding. We have a successful history of obtaining finances from credible lenders focused on the entertainment and media sectors.
Aiding informed decision-making
Facing uncertainty about accepting a project? We provide comprehensive advice considering taxation, funding options, reputation, and feasibility, removing uncertainty and ensuring project profitability.
Expert tax advice
We recognise that media professionals often have varied or inconsistent income sources. Our media accountants specialise in offering guidance to minimise tax liabilities and navigate complex VAT schemes, including advice on international taxation for foreign projects.
Providing legal insights
Our team collaborates with legal experts for media contract reviews. We also offer insights on profit-sharing methods with freelancers and employers and advice on protecting intellectual property rights.
Handling essential accounting tasks
You don’t have to look elsewhere for bookkeeping, management accounts, VAT returns, payroll, and cash flow forecasting. Our media accountants handle these tasks with precision and accuracy.
To discover more about how Allenby Accountants can assist your media business, book a free, no-obligation consultation. Contact us at 0208 914 8887 or leave a message on our website.
