25 Following


Benefits of Hiring Media Accountants

Specialised accounting services are designed for certain clients and industries with unique needs. For instance, entertainers, TV and film producers, musicians, performing artists, production companies, gaming companies consider hiring media accountants for tax, financial advice, and accountancy. These specialised accountants are trained to understand the nature of the entertainment industry, as well as the needs of their clients who work in it. So, you can count on their expertise when it comes to knowing the unique financial circumstances that most people and companies in the media are involved with. The best accountants can tailor their services to suit certain requirements, too.


Seasoned media accountants are passionate about working in the industry. They understand that most individuals and companies in your industry would prefer working with professionals who speak and understand their language. So, a media accountant is flexible enough to be able to work with any type of client working in unsociable hours but may require sound advice on setting up a good business structure. Tax issues, the resources required, the location of the project, the target market, and domicile or nationality of the people in charge will be considered and discussed with you.


If you have a new production, whether a new TV show or a film, media accountants will work with you to discuss the funding for it. They understand the types of information you will need to present and give you an advice for presenting your application to the lenders to make them more likely to accept it and give you the funding. Consider hiring a media accountant with a good track record of helping clients succeed in securing funding from a well-known lenders who invest in projects in the entertainment and media sectors.


Media accountants can be your advisor when you are not sure about accepting a certain project. They can perform due diligence of that project from various angles, like taxation, funding, reputation, and feasibility to help you make an informed decision. These accountants are dependable for tax advice with internal taxation, as well as for legal advice, bookkeeping, cashflow forecast, management of accounts, VAT returns, and payroll, and they can give you an advice on the growth of your business. Some accountants can provide tools, like a cloud-based accounting system, which you can refer to for accurate information on your accounts anytime.