Music Industry

The music industry is a vibrant yet unpredictable landscape, and managing finances within it can be equally challenging. At Xplus London, we recognise the distinct financial hurdles that musicians, record labels, and producers encounter. Our expertise spans various revenue streams, including royalties, live shows, and merchandise sales, while also ensuring compliance with tax regulations across different income sources. Our comprehensive accounting services not only streamline your financial management but also enhance your earnings and safeguard your financial future.

About Industry

BACKING THE MUSIC INDUSTRY WORLDWIDE

Touring plays a crucial role in many artists’ journeys, but the financial intricacies of a tour can be daunting. From juggling expenses across diverse locations to managing crew payroll and navigating complex international tax laws, Xplus London is here to alleviate your financial concerns. We handle everything from budgeting to final accounting, allowing you to concentrate on your music without the stress of financial logistics.

The music industry’s contribution to the UK economy in 2022

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Source: This is Music 2023

The value of the UK music industry’s exports in 2022

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Source: This is Music 2023

The growth in income in the UK recorded music sector

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Source: This is Music 2023

About Industry

THE MUSIC INDUSTRY IS ALWAYS EVOLVING

Beyond everyday accounting, we also focus on long-term financial planning and investment strategies specifically designed for the music sector. We collaborate with both up-and-coming and seasoned artists to create sustainable financial plans that maximise their career potential while preparing for the future. Whether it’s understanding the tax ramifications of royalties or establishing pension plans and retirement savings, Xplus London is dedicated to ensuring your financial prosperity lasts well beyond your peak years in the industry.