Media & entertainment
Putting the spotlight on your finances
Talented performers, managers and personalities still have to deal with their taxes. We’re sorry to say it’s unavoidable.
If you find yourself out on tour or working late nights, it can be difficult to schedule the time to carry out all of the tax returns and sort through all of your expenses.
So let us do it for you. At Cottons, we work closely with media industry professionals and help them keep on top of their obligations to HMRC, so they can focus on what they do best.
If you want to claim tax relief on work carried out in the UK, you’ll have to pass a cultural test which sets standards against the work you do to check if you’re eligible for reclaiming some of the production costs.
If you’re in the film industry, for example, you may be able to keep 10% of your budget for work completed in the UK if you meet the eligibility criteria.
We always recommend talking to a professional about your tax claims. With how expensive it can be to run a production or organise a tour, it pays to have a team of professionals to help you throughout the process.
If you’re ready to take the next step please get in touch.
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Our latest insights
From industry news to opinions from our experts, we’re all about sharing useful information and insight.
It can be hard to keep track of all the financial and regulatory changes or news you need to stay on top of when you’re running a business – but that’s why we’re here. In our blog, you’ll find useful updates and information from our team, stripped of jargon and made easy to understand.
In loving memory of John Cotton
It is with deep regret that Cottons Group announces the passing of John Cotton earlier this month. As we mourn the loss of a remarkable individual and dear friend, we are committed to honouring his legacy and ensuring that his memory continues to inspire us all. The...
In loving memory of John Cotton
It is with deep regret that Cottons Group announces the passing of John Cotton earlier this month. As we mourn the loss of a remarkable individual and dear friend, we are committed to honouring his legacy and ensuring that his memory continues to inspire us all. The...
Understanding accountant fees for capital gains tax advice
Accounting for capital gains tax (CGT) can be complex, so how much does professional advice cost? Find out here.
Understanding accountant fees for capital gains tax advice
Accounting for capital gains tax (CGT) can be complex, so how much does professional advice cost? Find out here.
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If you’re curious about how we can help you, please reach out: our team is very keen to hear from you.