Bookkeeping and Accountancy Services for Musicians, DJs, Artists, and Others

Being a musician or performer is a dream come true for some people. It is crucial to maintain your paperwork organised from the beginning if you are fortunate enough to realise your ambition in order to prevent future headaches. Failing to declare your income can quickly derail your musical career, but filing taxes is a far cry from the rock and roll lifestyle you're living.

What Makes Taxbee Accountancy Useful?

Regarding accounting and bookkeeping services for artists, Taxbee Accountancy specialists are aware of the difficulties that many musicians have while attempting to file their taxes. We provide guidance on what's best for you at every stage of your path to international fame, whether you want to establish yourself as a freelance musician or create a limited corporation. Our online bookkeeping services make it easy for you to stay on top of your finances without disrupting your creative flow.

Which Expenses Can Be Claimed by Musicians?

One of the most crucial parts of bookkeeping services for small business owners, including musicians, is claiming expenses, since it enables you to recover a large portion of your expenditures. Although this sounds fantastic in theory, you must be sure that everything you claim is "wholly and exclusively" for the benefit of your company; otherwise, your claim can be rejected.

Creatives and musicians might incur some extremely special expenses that you might not have thought of, such as:

Instruments & Equipment: expenses related to buying and maintaining musical instruments.
Repairing Instruments: costs associated with maintaining and repairing your instruments.
Audio Equipment: expenses for PA systems, mixing desks, amplifiers, and microphones.
Music production software: costs associated with digital tools and music production software.
Insurance for Equipment: Insurance premiums for your musical instruments and gear.
Studio Rentals: The cost of operating a home office or studio, including utilities and small equipment.
Studio Configuration: payments for a studio or a portion of a house rent set aside for business purposes.
Mileage: Travel expenses for business meetings, rehearsals, and performances.
Public Transport: The price of buses, trains, and other forms of public transportation.
Airfare: costs associated with business or tour-related flights.
Accommodation: The price of lodging at hotels or on Airbnb when on business trip.
Meals while Travel: Costs associated with meals when travelling outside of your hometown.
Tolls & Parking: Road tolls and parking taxes are included in the costs.
Website and hosting: Fees for keeping up a polished online presence.
Advertising costs: For PR services, social media promotion, and internet advertising.
Filmmaking and Photography: Expenses for music videos and promotional images.
Printing costs: For advertising materials such as flyers and posters.
Music Classes: The price of one-on-one music instruction and coaching.
Workshops & Courses: Costs associated with attending workshops and classes pertaining to music.
Educational Resources: Books and other educational materials.
Fees for Accounting: Fees for expert tax and accounting services.
Legal fees: For services and advice pertaining to your music business.
Insurance premiums For public liability and commercial insurance.
Bank fees and interest charges: From your company's bank account as well as fees from the card machine.
Office supply costs: For office supplies and stationery.
Computer & Software: Expenses for office software and computers.
Office furniture costs: For seats, desks, and other furnishings.
Home as an Office: Partial refund for utilities,insurance and rent or mortgage interest if you work from home.
Performance Clothes: The price of some performance attire and stage costumes.
Styling & Beauty: Costs associated with hair style and makeup for a particular stage.
Research Costs: Market research expenses for concert and performance tickets.
Promotional presents: Costs for presents connected to business.
Performance Licenses: The price of recording and performance licenses.
Others: There are many more expenses that you could claim. If you are unsure, always consult a tax expert.

At Taxbee Accountancy, we know that as a musician, DJ, artist, or creative professional, your time is better spent doing what you love—whether that’s performing, creating, or connecting with your audience. That’s why we offer expert tax and bookkeeping services starting at just £19.99 per month. For less than the price of a cup of coffee each day, you can have a dedicated team managing your taxes, tracking your expenses, and ensuring you’re fully compliant with tax laws.

Our affordable, tailored services are designed to help you navigate the complexities of finances so you can focus on what really matters—your art. Whether you’re a solo artist, part of a band, or managing a production company, you can rely on us outsource bookkeeping services to streamline your financial processes. Let Taxbee Accountancy take the stress out of your finances, keeping you free to focus on your career.