As a basic rule, withholding tax is required to be paid by any promoter or individual (payers) who makes a payment to a non-resident artist…
Whether you’re a musician, promoter or record label, TV or film director, publishing house or design studio, creative success is built on having the time and freedom to do what you do best: create. Turning this into financial success needs the support of accountants and financial advisers that fully understand the creative process.
So, if you’re a band looking for an experienced music accountant, or a production house needing help with film business finance, Raffingers can help you keep on top of day-to-day management and cashflow, stay ahead of the latest rules and grow your business by making the most of forecasting, tax benefits and funding.
“ I am always delighted with the service I receive from Raffingers. I know I can contact them at any time and always receive a swift, personal and straightforward response to my enquiry. I wouldn't cope without you!! ”
“ Raffingers opened our eyes to a potential R&D claim. The claim has given us a huge financial boost and allowed us to reinvest back into further innovation projects and into our team. I’d advise any business to look closely at their activities to see if they qualify. ”
Art&Graft is an award-winning design and animation production studio based in London. The team of highly skilled design specialists have worked on projects for The National Lottery, Virgin Atlantic and Nationwide – to name but a few. They may not seem your typical company to be eligible for R&D tax credits, but after speaking to them we recognised that some of their innovative work may qualify.
Partner and R&D Expert, Neill Staff guided the company through the R&D claim process and was able to claim over £70,000 in tax credit repayments. For a hi-tech design company of this calibre, this had a huge positive impact on their cash flow and meant the company could take on even more projects.