Composers bring creativity to life through music, but managing the financial side of a music career—such as royalties, freelance contracts, and performance fees—can be daunting. Theataccounts offers accounting services tailored to the needs of composers, helping you manage fluctuating income, navigate tax regulations, and optimise your finances.
With extensive experience working with professionals in the creative industries, Theataccounts provides expert accounting services that are specifically designed for composers. Whether you're writing for film, theatre, or producing your own music, we offer solutions to help you manage your finances efficiently. From tax return preparation to managing royalties and royalties-related tax deductions, we ensure that your financial life is organised and tax-efficient.
Composers often have irregular income streams, including royalties, freelance projects, and commissions. Tracking these varying income sources, along with business-related expenses, can be difficult without expert support. Furthermore, composers need to stay on top of tax regulations and ensure they are maximising their available tax reliefs.
At Theataccounts, we offer a range of services designed for composers, including tax return preparation, bookkeeping, VAT management, and payroll services. We also assist with tracking royalties and managing the taxes associated with this form of income. Our VAT checker tool helps you stay compliant, ensuring your finances are organised and optimised.
Theataccounts helps composers maximise their tax savings by ensuring they claim all available deductions and credits. From claiming deductions for studio costs, equipment, and performance expenses, to optimising tax on royalties, our team ensures you reduce your tax burden while maintaining full compliance with HMRC.
Theataccounts helps composers select and implement the best accounting software to streamline invoicing, royalty tracking, and VAT reporting. We offer training and continuous support to ensure that you make the most of these tools to optimise your finances, saving time and reducing stress.
We offer personalised support for composers based on their unique financial needs. After an initial free consultation, we provide ongoing advice and guidance, ensuring that your finances remain in order as your career evolves.
Our efficient onboarding process ensures your financial systems are set up quickly and smoothly. Once you’ve had your consultation, we’ll handle the setup of your tax return, payroll, and accounting systems, leaving you to focus on creating music.
Book your free consultation with Theataccounts today. Let us help you streamline your finances, reduce your tax liabilities, and optimise your financial systems so you can focus on composing music.
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