Mark Wingate, Partner – Private Client Tax Services, Smith & Williamson on helping agents to navigate complexity Most classical musicians have an agent. If the agent is part of a big organisation they will have quite a reasonable understanding of the tax rules. But the practices from country to country vary so much and I [...]
Mark Wingate, Partner – Private Client Tax Services, Smith & Williamson on helping agents to navigate complexity Most classical musicians have an agent. If the agent is part of a big organisation they will have quite a reasonable understanding of the tax rules. But the practices from country to country vary so much and I [...]
Mark Wingate, Partner - Private Client Tax Services, Smith & Williamson on sorting taxes for classical musicians
I enjoy working with classical musicians. I love classical music myself.
I understand where they have come from, the rigorous training regime they’ve been through, their day-to-day difficulties in finding work, in getting sufficient remuneration from that work.
And for them the tax consequences are an element which they’d rather not think about, it’s the last thing they want to concentrate on.
They’re much more concerned about getting their engagements and performing well, getting good reviews etc. So what I enjoy doing is getting that side of things, the accounting, the tax side straight for them.
They’re grateful when it’s sorted, but it’s a problem they’d rather not face until they really have to.
