Touring and Royalty Revenue No Longer a Taxing Experience

Touring and Royalty Revenue No Longer a Taxing Experience
Ensuring bands do not pay too much tax from overseas tours and recoup the correct level of royalties from international sales and airplay requires strict financial planning.

Tour expenses such as travel, sound and lighting equipment, and management fees can account for more than 80% of a tour’s gross income, so it is essential expert advice is available.

Sloane & Co. specialise in Royalty Collection and Tour Accounting as well as everyday business management. Its staff can answer any questions an artiste, manager, label, songwriter or publisher might have.
For international tours it will take the worry out of preparing tour budgets, advise and negotiate foreign and UK tax liabilities, collect fees, co-ordinate tour cash flows and finalise tour accounts.

The varying levels of Withholding Tax in different countries, and the Double Taxation Treaties in place means careful tax planning is essential. Sloane & Co. maintains close contact with concert promoters and tax advisers throughout the world, to ensure that the most up-to-date advice is always given.

As part of its royalty service Sloane & Co. can carry out audits in the UK, Europe and the US, provide desk-top royalty reviews, prepare third party royalties, monitor incoming royalty statements and organise registrations with the numerous overseas collection societies. Royalty audits can be done of record companies, music publishers, royalty collection societies, video and film companies, book publishers, computer and video games companies, and anyone else who accounts on a royalty basis.

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