Media and Creative Industries

Our specialist media and creative industries team can help you to focus on the bigger picture.

Tax, audit and accounting services for the media, entertainment and creative industries.

When it comes to HMRC filings and tax-returns, there are no dress-rehearsals. Our specialist media and creative industries team can help you to focus on the bigger picture.

The UK has a vibrant and thriving marketing, media and creative industry which is becoming more and more important to the economic well-being of the country. We understand that businesses in the media and creative sector operate in an extremely competitive marketplace and so your time is precious. Our team can work flexibly around your commitments and take a proactive approach to guiding you through the regulatory and financial issues involved in running your media or creative business. This allows you to spend more time doing what you do best.

At Bishop Fleming, our media and creative tax, audit and accounting team works with over 150 new and established businesses, as well as freelancers and individuals from Cornwall to London as well as throughout the UK. We’re keen to use this expertise to help other clients in similar situations, who might benefit from the shared knowledge. Please be assured, however, that we’re very careful to preserve your confidentiality at all times.

If you’d like to chat about how we can help you, please contact Robert Rawle, Head of the Media and Creative sector.

Services to the media and creative sector

Our specialist services for media and creative industries include:

  • Accounting Systems
  • Audit Assurance
  • Business Services and Accounts Production
  • Business Tax
  • Corporate Finance and Advisory Services
  • Grant Services
  • Independent Financial Advice
  • Payroll services
  • Personal Tax Services
  • VAT Advice

We work with over 150 clients in the media and creative sector throughout the UK, including:

  • Advertising, Marketing and Design Companies
  • Animators and Illustrators
  • Artists, Musicians and Composers
  • Authors and Publishers
  • Copywriters and Public Relations (PR) Agencies
  • Designers – Product and Fashion
  • Gaming Programmers
  • Journalists
  • Photographers
  • Social Media Experts and Agencies
  • Television and Radio (including Editors, Broadcasters and Presenters)
  • TV, Film & Theatre – Production Companies and Actors

Tax Reliefs for the Media and Creative Industries

Enhanced tax reliefs are available for some media companies if you are involved in the production of:

  • Films
  • Video Games
  • Animation
  • Television
  • Theatre
  • (Soon to be included in this list), Opera

The reliefs are designed to provide reliefs to culturally relevant productions in the UK and allow you to build upon the already strong reputation to grow further and become a larger player in the competitive global marketplace.

To check if you are entitled to reliefs for the media and creative industries, your projects/productions must qualify and be certified. To find out whether your business may qualify, please contact Robert Rawle.

Research & Development (R&D) Tax Credits

Any business that invests, develops or innovates a product or process could be eligible for Research and Development Tax Credits (R&D). R&D tax relief is the government’s largest funding source for businesses in the UK and despite the name, aims to reward businesses based on innovation to encourage investment in technology. However, it is estimated that only 6% of UK companies are claiming their entitlement to R&D tax credits.

Bishop Fleming is highly experienced in advising companies on their eligibility to R&D tax relief and making claims on their behalf. R&D tax credits are a complex area which not only applies to a product itself, but also the services or processes surrounding the product should not be overlooked. A successful R&D claim could significantly reduce corporation tax payments meaning more cash in your business to fund further investment in innovation.

To check if you are entitled to R&D tax credits, please contact Robert Rawle.

 

Media and Creative Industries Documents

Media and Creative Industries News

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