Sports and entertainment

Carston Chartered Accountants provides the following tax and accountancy services to clients in the sports and entertainment industries, with particular expertise in the following areas: Creation of UK limited liability personal services companies, including:

  • Incorporation of the company, including dealing with all Companies House and Inland Revenue paperwork.
  • Structuring the company so it fits the client’s personal needs.
  • Providing the relevant contracts including assignment of image rights to the company and contracts between the company and employer.
  • Company Secretarial and Registered Office services.
  • Production of regular Management Accounts.
  • VAT Returns and payroll services.
  • Preparing and filing Full and Abbreviated accounts with the Inland Revenue and Companies House.

Dealing with your personal tax affairs, including:

  • Preparing and filing your Tax Return each year, ensuring that all relevant deadlines are met and advising in advance of all payments due.
  • Submission of the appropriate claims and elections via detailed knowledge of your industry in order to minimise your personal tax liability.
  • Submission of claims relating to prior years where the taxpayer has not structured their tax affairs in the most efficient manner. This can frequently result in substantial Income Tax repayments.
  • Personalised tax planning with a view to reducing both Corporate and Income Tax liabilities.

Creation of offshore companies for non-domiciled individuals, including:

  • Creation and management of the offshore company and bank account.
  • Obtaining significant tax savings through the offshore company acquiring the image rights of the individual.