MUSIC AND LIVE
ENTERTAINMENT

HITTING THE RIGHT NOTE

The very foundations of Ross Bennet Smith are cemented in music business history, where we represent some of the world’s most prominent bands, recording artists, songwriters, producers, DJ’s and emerging talent, as well as some of the best-known companies that service the industry, from labels and management companies to agents and promoters.

 

For artists, we provide the best in accounting, tax and business management services, working with our clients and their management, labels, agents, promoters and lawyers, to ensure a truly joined-up approach. Our work is always centred around helping our clients achieve their business and financial goals, whatever they might be; bridging the gap between musical artistry and finance.

We are known globally as leaders in the field of live touring, which has become the most significant revenue stream for most of today’s artists, many of whom rely upon our expert international tax advice, tour planning and financial administration. Over the course of the past decade, we have advised on over one thousand tours with a combined gross of almost $2 billion, ensuring that our clients are operating as efficiently as possible, every single show.

Not only do we represent talent, but we also act for some of the best-known record labels, publishing companies, management companies, music festivals, agents and promoters, as well as a variety of industry vendors. In addition, to our accounts, audit and tax work, we are known for helping clients all the way from initial formation and structuring, through to acquisitions, mergers and disposals, adding significant value at every step of the journey.

Our corporate finance team continues to lead the way, advising both acquirers and vendors, from key industry players through to private equity funds, and we have been involved in some of the music industry's most significant deals. Over the past twelve months, we have advised on both UK and cross-border deals including acquisitions of Europe’s largest booking agencies, music festivals and management companies, through to evergreen publishing catalogues.  

 

Our services include, but are not limited to the following;

  • Financial accounting

  • Tour accounting

  • Royalty accounting and audits

  • Publishing catalogue valuations

  • Company valuations and financial modelling

  • Mergers, acquisitions and disposals

  • International withholding tax planning and structuring

  • Business management/structuring

  • VAT, payroll and social security

  • Cash flow and currency management

  • Corporate taxation

  • Staff incentive schemes

© 2020 Ross Bennet Smith Chartered Accountants

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