Tax and Accounting for Musicians: Get It Right and Save Money!
5 December 2019, Creative Industries, Musicians, Sole Traders
Free Tax and Accounting for Musicians’ Union members
Members of the Musicians Union are invited to a free seminar – Tax and Accounting for Musicians in Glasgow on 10th December 2019 and Belfast on 12th December 2019. You can learn how to take some of the stress out of filing your tax return. If you are still using paper records you can find out why you need to start thinking about switching to accounting software like Xero.
Topics covered in the seminar
The Tax and accounting for musicians seminar will cover the items below in straightforward language. The plan is for you to learn how to do your own accounts, get it right and save money on accountancy fees!
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- Setting yourself up as a Limited Company / Partnership / Sole Trader
- Improving your cash flow
- Keeping good records
- Allowable Expenses
- How to deal with large items of expenditure
- VAT – should you register?
- Tax investigations and penalties
- Employment status
Have your say
Click on the following links to let us know the topics you are interested in – we will use the results to tailor the sessions:
How to book
Email the Musicians’ Union on glasgow@theMU.org – don’t forget to state which event you want to attend (Glasgow or Belfast).
Feedback from the sessions
The feedback was positive from the two sessions, with the audience giving a score of 4.9 from the Glasgow session
and 5 for the Belfast session
Resources for MU Members
The Musicians’ Union produces an annual handbook for members. Before you pay a penny to an accountant you should open up your copy of the handbook and turn to the Tax Savings Guide. This section has lots of useful information about organising your accounts and the expenses you may be able to claim. The MU also runs seminars from time to time in Scotland (and elsewhere) to provide additional support to members.
