a knowledgable, but human tax service that saves musicians thousands every year.
We understand that musicians are unique. Accounting services and methods that work for a typical tax filer do not efficiently work for creative professionals. Over the past 10 years, Bambridge Accountants have been tweaking and tailoring our service to fit creative industry professionals.
Our flexibility and refusal to conform to the popular 'one-service-fits-all' accounting approach has allowed us a service that truly caters to each client's individual wants and needs.
Musicians' Expenses and Deductions
One of the first steps that we will take when looking at your accounts is ensuring that you are claiming absolutely every expense you are eligible to as a musician.
musicians HAVE A NUMBER OF TAX DEDUCTIONS THAT ARE UNIQUE TO ANY OTHER INDUSTRY.
Below we have put together a list of some of the expense you are entitled to as a musician.
Clothing can be an extremely useful expense to claim on your tax return. As a musician, you almost definitely spend some of your income on work-related clothing, whether it be clothing for auditions, shoots or rehearsals.
Clothing is definitely one of the more obvious expenses to claim. However for a smooth and painless tax-filing season every year, it is vital that you are aware of your entitlements when claiming this expense. Many musicians are subject to penalties and hold-backs due to overclaiming.
USE OF HOME AS AN OFFICE
Use of home as an office is an expense that all too often missed out by musicians. If you use your home to apply for auditions, rehearse or any other work-related uses you are entitled to claim this expense.
You are able to claim a percentage of your household bills for your use of home as an office.