You're unique. So are we. Our focus is entirely on you and delivering the expert services you need to perform at the highest level – creatively and financially.
DWA offers big firm resources with the personal touch of a “boutique” firm. The standard Business Management service goes well beyond duties such as bill paying, tracking receivables and budgeting. We customise reporting and services in general to fit our client’s needs and understanding. With hands-on Partners exhibiting the perfect blend of youthful exuberance and the very best experience, these traits are mirrored throughout the firm as a whole.
Business Management at DWA includes aspects of the specialised services, all the while embracing technology, stressing confidentiality, and being proactive in the process.
DWA will take care of everything, leaving its clients to concentrate on studio time, making music and touring. Our business management services include:
Our touring department consists of dedicated staff focused on helping our clients conduct a smoothly run tour from a business standpoint.
We prepare and review budgets, track them throughout the tour, and provide timely reporting of the results. Our expertise gives valuable insight on tour-related issues from the very start of a tour, whether dealing with customers or helping to minimize taxes in foreign or domestic jurisdictions.
Our experience also results in us having an excellent rapport with booking agents, record labels, touring personnel and tax withholding authorities. Our touring services include:
Our accounting and taxation services extend to our artist clients who do not yet require our full business management service offering, as well as our other music industry clients, such as record labels, management and agents.
These services are a perfect blend of on-going tax compliance and statutory financial management, including:
For our clients touring across the globe, withholding tax is the single most important issue they face, particularly in the US where tax is charged at 30% on gross performance fees. Our solutions include jurisdiction specific withholding tax mitigation techniques where possible, however experience tells us that these solutions do not always fit artists from the electronic music genre and also leave all artists exposed to high marginal rates of tax and social security in the UK.
We have therefore devised a unique solution for our clients, which will ensure a full rebate of foreign withholding taxes and allows for taxes to be paid at the low UK corporate tax rate. This is a tried and tested technique with HMRC and is only available to DWA clients in the UK. Contact Us to find out more.
DWA UK specialises in the electronic music industry and is proud of its bespoke service offering, which stems from years of experience in dealing with international DJs and electronic acts. As well as our full business management service offering, we understand that most of the traditional accounting and tax mitigation methods do not work for artists who produce and perform in the untraditional world of electronic music, so we have designed unique tax planning techniques and business structuring solutions to assist with the main areas that get our clients in a spin.
Most jurisdictions have different withholding tax rules and our years of experience and knowledge helps our clients to negotiate their way through the numerous complexities and in most cases obtain a full rebate.
Losing up to 40% of your touring income in withheld taxes can hurt cash flow and after deduction of touring expenses, this can mean that you walk away with less than 15% of the fee in cash. The fact that withheld taxes are deducted from gross fees will likely mean that you will not be able to obtain a full rebate in the UK, resulting in a total loss of the income.
Whether touring in the US or coming to UK, performing throughout Europe or the rest of the world, we work with promoters to mitigate taxes upfront, help supply the appropriate tax paperwork to assist with release of funds, or in some instances we will work with foreign tax authorities to ensure annual rebates are collected.
Our tax planning initiatives offer a unique solution to our clients, and work alongside our withholding tax services. Our aim is to increase your net wealth and ensure that you pay tax at the best rate, however traditionally this is not always possible due to the way in which taxes are withheld at source.
The DWA business structuring and tax planning solutions are only available to our clients, and are a must for the busy touring artist and music producer, ensuring the majority of profits are taxed at the low UK corporate rate of 20%. The clever part is how we obtain a UK tax credit for the foreign withholding taxes suffered personally.
We work very closely with the team based in LA, to ensure we are always leading the way in terms of tax planning initiatives.
For the electronic artist, the use of Central Withholding Agreements to minimise touring taxes is usually not possible due to the way in which these must be administrated. The IRS has also placed strict demands on promoters in respect of such taxes, and there are no benefits in setting up structures in the USA in an attempt to avoid tax at source.
Our US tax solutions form part of our overall business structuring and tax planning initiatives, and offer clients of DWA the ultimate in global financial support.
Let's join teams! Reach out to us today to find out more about our specialist services.
7-7C Snuff Street, Devizes, Wiltshire, SN10 1DU
"Withholding tax has always been a thorn in the side of touring international artists and something I personally thought was impossible to do anything about and baffled my local accountants...this was until I was introduced to the team at DWA whom understand all aspects of international accounting and claim back tax where due. My company as a whole has never been in such a great shape due to all angles of their care and advice."
John 00 Fleming
Producer & DJ