The Emerging Artist Sole Trader package is for artists taking their first steps in the performance industry. This package is best suited for artists with an annual turnover of under $75,000. Below is a list of our core services relevant to an emerging artist.
Set up accounting software
Cashflow forecasting
Bookkeeping
Preparation and lodgment of annual Income Tax Returns for one person
The Emerging Artist package is for artists taking their first steps in the performance industry. This package is best suited for artists with an annual turnover of under $75,000. Below is a list of our core services relevant to an emerging artist.
Set up accounting software
Cashflow forecasting
Bookkeeping
Preparation of the annual Financial Statements for one entity
Preparation and lodgment of annual Income Tax Returns for one person
The preparation and lodgment of annual ASIC Company Annual Reviews and minutes
The ‘Breakthrough’ package is for artists beginning to get some traction. This package is best suited for artists with an annual turnover of under $300,000. Below is a list of the services we provide in our Breakthrough Package.
Set up accounting software
Cashflow forecasting
Bookkeeping
Quarterly business reporting
Preparation of the annual Financial Statements for one entity
Preparation and lodgment of annual Income Tax Returns for two individuals
The preparation and lodgment of annual ASIC Company Annual Reviews and minutes
Review and referral to international tax specialists within our network including AusTrade
Yearly tax planning
Budgeting consultation session - detailed report provided
Health check on your finances including superannuation
Review of personal insurance and if required, recommendations on further personal
coverage
Personal financial goal setting
The ‘Raise the Roof’ package is more established artists making their mark on the industry.
This package is best suited for artists with annual turnover between $300,000-$1,000,000.
Below is a list of the core services the ‘Rising Star Package provides’
Set-up or review accounting software
Cashflow forecasting
Bookkeeping – Reconciliation of bank feeds
Monthly business reporting
Tour budget and reporting
Payroll Services
Management commission calculations
Royalty tracking and preparation (quoted separately depending on work involved)
Preparation of the annual Financial Statements for one entity
Preparation and lodgment of annual Income Tax Returns for up to four individuals
Review and lodgment of monthly or quarterly activity statements for one entity
The preparation and lodgment of annual ASIC Company Annual Reviews and minutes for one company
Review and advice of non-resident taxation obligations
Review and referral to international tax specialists within our network including AusTrade
Yearly and end of year Tax Planning
Business and operations advice
Goals and objectives setting - short, medium, and long term
Attending your annual tax planning meetings
Budgeting - in-depth review and advice on improvements
In-depth review and advice on superannuation and investments you hold or should hold
Review of personal insurance to ensure coverage for you and your loved ones
Estate Planning
The ‘Take on the World’ package is for established artists who have taken the industry by storm and are looking to continue their success domestically and internationally. This package is best suited for artists with an annual turnover of greater than $1,000,000. Below is a list of the core services the ‘Take on the World Package provides’.
Review accounting software
Cashflow forecasting
Bookkeeping – Reconciliation of bank feeds
Tour budget and reporting
Payroll Services
Management commission calculations
Royalty tracking and preparation (quoted separately depending on work involved)
Preparation of the annual Financial Statements – 1 entity
Preparation and lodgment of annual Income Tax Returns – 4 bandmates
Review and lodgment of monthly or quarterly activity statements 1 entity
The preparation and lodgment of annual ASIC Company Annual Reviews and minutes – 1 entity
Review and advice of non-resident taxation obligations
Half yearly Tax Planning
Business and operations advice
Personal CFO - Attending your Tax Planning meetings, project managing your financial affairs
Goals and objectives setting - short, medium and long term
Budgeting - Comprehensive review, working to ensure cashflows are working towards goals and objectives
Comprehensive advice and review of superannuation and investments required to meet goals and objectives to maximise wealth
Review of personal insurance to ensure coverage for you and your loved ones
Estate Planning
Out of scope work will be billed on an hourly basis
Please refer to our full terms of engagement for further detail.
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