We’ll look at some of the common questions that arise as your music career develops - from royalties and freelance income to expenses, records, tax returns and whether it makes sense to move from self-employment to a limited company.
Whether you’re just starting to earn money from your music or you’ve been working professionally for years, this session will help you better understand the tax landscape, the options available to you and the questions you should be asking.
Speaker
Sinéad Pratschke is the founder of Musicians’ Tax Advisor, a specialist accounting and tax practice for musicians and music-related businesses. She studied at the Royal College of Music and worked as a freelance musician before retraining as a Chartered Tax Advisor. Her practice specialises in the tax complexities facing musicians and entertainers, including residency issues, international tax compliance, cross-border VAT, copyright and royalties.
More recently, Sinéad has been supporting musicians through the transition to Making Tax Digital for Income Tax. She has set up an MTD for Musicians Resource Hub and an MTD for Musicians WhatsApp group to help creatives prepare. Sinéad is a member of the Chartered Institute of Taxation and a fellow member of the Association of Accounting Technicians.
Topics we'll cover
- How different types of music income are taxed
- Royalties, commissions, freelance income and other sources of earnings
- Key considerations and responsibilities of self-employment
- Moving from self-employment to a limited company
- Personal tax rates and how they may affect you
- How to transfer royalty and copyright income to your limited company correctly
- Keeping appropriate records and receipts
- Making Tax Digital and other tax considerations
- Common tax mistakes and misconceptions
- Member Q&A
Tickets
- Free for Core and Professional members
- £6.99 + VAT for Discovery members
Not a member yet? Join to unlock benefits including access to free events, opportunities and resources to support your career.
Questions?
Contact [email protected]
