Tour income is becoming ever more important to the music business, in the face of declining CD sales, and the uncertainty of future online revenue streams. But, when the artist is on tour, it's a complex business, and they need advisors with a good handle on the money
Online PR News – 26-June-2009 – – In the face of declining CD sales, and uncertain future revenues from online streaming and downloads, the live music arena is currently an area of the industry where big money is still being made. This is clearly evident in the huge number of acts booked to play this summer’s festival circuits.
Specialist music and entertainment accountants, Brighten-Jeffrey-James Ltd, are delighted to offer their “Tour Accounting” service to any artists from the UK or overseas that require tax and accountancy advice and services whilst on tour.
The services that the firm can provide include:
* Negotiating with the Foreign Entertainers Unit
* Pre-tour planning and advice
* Carrying out royalty and merchandise audits
* Tour accounting
* Worldwide touring advice
* Creating Tax efficient structures to minimise liabilities and withholding tax.
Brighten-Jeffrey-James currently act for a number of established artists and several up-and-coming artists.
The firm consists of an experienced team drawing on many years worth of music business experience.
The tour accounting service is only one aspect of a comprehensive portfolio of services that are offered to music and media clients in respect of their day to day business activities.