The Beatle’s song, ‘Taxman’, might suggest that they were paying 95% tax but fortunately, I don’t think you’ll need to worry about that! “There’s one for you, nineteen for me, ‘cos I’m the taxman” Developing a habit of putting money
Should you form a limited company?
Many people working in showbusiness are self-employed. However, there are occasions when it might make more sense to form a limited company. “Take it to the limit”? The pros and cons of forming a limited company Many people working in
A guide to musicians’ expenses
The excerpt below was the lament of the Kinks in the 1966 hit, ‘Sunny Afternoon’. But don’t let it happen to you! “The taxman’s taken all my dough…” A quick guide to expenses for musicians The excerpt above was the
The life of a sound engineer
Kim Watson has been a sound engineer for the past 20 years, working with artists such as The Subways, Shane Filan, Blondie, and Emeli Sande. She’s travelled all over Europe, South Africa, Ukraine, Georgia and Russia… Some sound advice… A
The pros and cons of registering for VAT
People in the film industry need to consider carefully whether or not it’s worth registering for VAT. For some, this isn’t an issue: if you’re self-employed and your taxable turnover is over £85,000 during a 12-month period, you must register.
The dangers of a personal service company
In a well-publicised case, actor Robert Glenister recently found himself at the end of a lengthy battle with the taxman. In March, after nine years of legal wrangling, an Appeal court upheld a tax tribunal ruling and Robert lost the
Vlogging and tax
Income tax can be a complex subject at the best of times. But how does it apply to new professions that haven’t existed before? Vlogging: are you paying the right tax on your income and gifts? Putting YouTube vloggers in
Tax investigations
Dostoyevsky might not have had taxation on his mind when he wrote his classic novel (although who knows?) but the title is an apt reminder that at this time of year you could be facing large penalties for not paying