Media and entertainment companies face a unique set of issues specific to their industry which are becoming increasingly complex as traditional media converges with new technology and integrated marketing efforts. Accurate and up-to-date information presented in a clear and intelligible form can often make the difference between obtaining additional funds required for the business – or failing to do so.
Whether it is funding a new film or production, having more than one source of income or inconsistent income, working unsociable hours or knowing what can and cannot be claimed for tax purposes.
We can provide: Self-Assessment, your annual tax return for the Revenue (HMRC), Assistance and support with complying with Making Tax Digital – the digital filing of tax returns for the self employed, partnerships and companies.
Tax credits often form part of our tax planning process for our clients – for example we may suggest a shorter accounting period for a film production in order to accelerate the payment of the tax credits or we may suggest a longer period to envelope a greater amount of qualifying expenditure. The reliefs may also impact on early decision making, such as the location of the shoot or work to be carried out, so we can provide advice on likely credits at an early stage in the creative process.