Actors, performers and accountants - a dramatic business partnership
Whether it's stage, film or small screen, drama or stand-up, making a living from acting and performing is a business. But, like any good script, it can be full of ups and downs and uncertainty which means the last thing you need is your accountant making a drama out of your income tax and expenses.
When it comes to business and accountancy, actors and performers often ask:
- Should I be a freelance, sole trader or set up a limited company?
- How do I plan for tax?
- How can I manage my finances effectively between jobs?
- What expenses can I offset against my income?
- Should I be VAT registered and, if so, who can do this for me?
- How do I monitor and collect royalties?
- Should financial details be included in a contract - if so, what?
- Are there different financial implications for working in theatre, TV or film?
- What happens to my tax if I want to work abroad?
The NWN team are specialists in answering these and many other questions from acting and performing professionals, helping keep their business and careers in the limelight.