Music

Since 1988, we’ve worked with a diverse and ever-expanding portfolio of artists, songwriters, producers, managers, recording studios, agencies, festivals and record labels.

 

BACKING THE MUSIC INDUSTRY WORLDWIDE

We’ve nurtured many of our music clients from early start-up businesses and unsigned artists, and over the years as they’ve achieved commercial success and grown internationally. The depth of specialist experience and knowledge we’ve gained since has led us to become widely regarded as one of the top three music and entertainment accountants in the UK.

Above all, we’re interested and listen to our clients. We appreciate the reality of working in the music industry and have honed our services to meet their exact needs; from all-round financial and business management support with bookkeeping, tour accounting, withholding taxes and FEU, to specialist advice covering royalties, catalogue valuations, business structuring and corporate transactions. We also have particular expertise in advising UK clients who are moving across the Atlantic, as well as US-based clients relocating to the UK.

  • £7.6bn

    The music industry's contribution to the UK economy in 2023

    Source: This is Music (2024)
  • £4.6bn

    The value of the UK music industry’s exports in 2023

    Source: This is Music (2024)
  • 8.8%

    The growth in UK recorded music revenues between 2022 (£1.1b) and 2023 (£1.2b)

    Source: This is Music (2024)

THE MUSIC INDUSTRY IS ALWAYS EVOLVING

Earnings in the music industry can fluctuate over time and we are always thinking ahead to protect our clients’ financial interests. Whether its meticulous cash flow planning around new album releases, worldwide touring and the quieter periods in between, or managing multiple revenue streams through our in-house royalties team, we ensure our music clients receive the full income they’re owed for their work, both now and in the future.

Our music clients are highly creative and entrepreneurial. Many of them generate income from multiple sources, including radio, film, TV, theatre, and digital, and there are always new revenue streams emerging. The crossover that exists here between music and the other creative industries in which we specialise, puts us in a unique position to help artists and businesses explore and capitalise on these opportunities as the industry evolves.

Related Services

We offer a highly personalised service which puts our creative artists and music businesses at the very centre, from tour accounting, business management and withholding taxes, to niche industry areas and specialist advice.

  • Inheritance Tax: the next few years…

    With some £5tn of wealth predicted to pass from baby boomers to younger generations over the next 30 years* and IHT reforms, including pensions, on the horizon, we summarise the key changes for individuals to consider as part of their ongoing estate planning.

  • SRLV hosts first ‘Women in Business’ Event

    SRLV hosted their first ‘Women in Business’ event in June, with great success.

  • Spring Statement 2025: Outcomes & Analysis

    Following yesterday’s Spring Statement, SRLV Tax Partner, Steve Wren, and Director, Kieron Clement-Smith, share their insights on the key outcomes, along with the potential tax changes that could be announced in the Budget.

  • Spring Forecast 2025: Our Initial Reaction

    Today’s Spring Forecast was much as expected, with announcements including cuts to the welfare budget and an increase to defence spending. SRLV’s Tax Partner, Steve Wren, and Director, Kieron Clement-Smith, share their thoughts on the key measures, along with the progress of recent consultations on Agricultural Relief and Inheritance Tax.

Insights

Latest News and Knowledge

Our views on the latest news, events and industry issues affecting our clients, both in the UK and worldwide.

Get in touch

Whether you have a particular financial issue to discuss, would like more information about our services or are interested in joining our team, please do get in touch. We’d love to hear from you.