Music & Media Accountants
In amongst the general accounting services to businesses and individuals we’ve become a bit of a hit in the music and entertainment industry. Over the years we’ve expanded this area of our business building up a reputation for managing the often complex needs of musicians, performers, producers, writers and people involved in multimedia.
The Entertainment Industry stretches from the music world, through the theatre to television and film. The nature of services performed and the income generated are many and varied. Apart from the income generated directly related to “live” performances the potential exists to earn a substantial amount of income from other sources including:
- Television appearances (including commercials)
- Product endorsements
- Royalties from record sales
Care must therefore be taken in accumulating information for accounting and taxation purposes to ensure that all data is accurately captured.
A few years ago, I joined, along with some music buddies of mine and together we formed Old Dogs New Trax Publishing. We launched a website which features songs by the four of us. Some individually written and some in partnership. We count ourselves very lucky to have the operation underpinned by the reliable support of Indigo Tax. Spearheaded by the more than able and capable Teresa Noon, we know we are all safe in the hands of this remarkably diligent lady and are all agreed we couldn’t ask to be a client of a more efficient accountancy practice.
I have been with Indigo for past 14 years. It is a small organisation and as such it is refreshing to receive a personalised service from someone who obviously understands our industry. It was also reassuring to know that with a "packaged" fee base I could pick up the phone with a general query and get a quick response without incurring additional charges. I would thoroughly recommend Indigo to everyone!
Thanks so much for all your help and advice. Jill and I are very appreciative and we are both very happy that we have you, Sonia and the rest of the Indigo team looking after us now.
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