HMRC are greatly interested in the entertainment industry for a multitude of reasons:
- The constant income fluctuation
- Being an employee, self-employed or a combination
- High profile media attention
- Declarations of turnover
- Payment of overseas accommodation/facilities
- How well contracts are reviewed
- High status workers
- Business receipts
While this may make you nervous or paranoid, there is little reason to panic. At Accounts Navigator Associates Limited, we specialise in in helping entertainers take hold of their time and money. Being fully aware of the unique set of circumstances those within the industry have to face, we are able to help you manage an inconsistent source of income, working unsociable hours and knowing what can/cannot be claimed for tax purposes.
The Entertainment Sector can be a confusing area of work – especially if it is your full-time career. Knowing how to take control of your time and money while still adhering to HMRC rules can be a tedious task.