Smart Accounting for the Media Industry: How to Avoid Pitfalls and Boost Profits

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Sat, 11 Jan 2025 13:10:18 +0000
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Performers, musicians, creative agencies, directors, and producers all face specific accounting challenges that a general accountant might not fully understand. That’s why it’s crucial for those in the media to work with experienced media accountants.

At Grant-Fisher Accountants, we have experienced chartered accountants who understand that people who work in the media prefer an accountant who speaks their language and can keep up with their unusual hours. We are also aware of the importance of providing timely and quick services. We tailor our accounting services to meet your unique requirements, ensuring that you avoid the common pitfalls while boosting your profits.

Advice on choosing a suitable business structure

Are you embarking on a new project with international filming? Let’s discuss the tax implications together. Our team of media accountants will assess the domicile and nationality of everyone involved and even help you analyse the project’s resource needs.

Ensure sufficient funding for your project.

Working with media accountants can take the worry out of budgeting and finding the right funding for your project. We know how to present your financial needs effectively to lenders so you can get the funds you need quickly. We have a strong track record of success in securing funding from specialised lenders who carefully evaluate investments in the entertainment and media industries.

Make informed decisions

Our media accountants are not just office-bound doing the books and accounting. They can provide tailored advice and conduct due diligence to help you make informed choices. If you’re unsure about accepting a project, we will help you examine it from every possible aspect — from taxation to feasibility.

Reliable tax and legal advice

Our media accountant will help reduce your tax bill, navigate foreign taxation, and provide expert advice on media-specific VAT schemes. We also work with solicitors who can help review your contracts and protect your intellectual property.

Contact us here at Grant-Fisher Accountants to arrange a meeting with one of our media accountants.