Want a career as an accountant in the music sector?

From artists planning an international tour to record labels looking after numerous acts, the music industry can be financially complex, especially now that the sector is shifting from sales to streams. Tony North, co-founder and CEO of Centtrip Music, considers the various tax rules and complex accounting that accountants in this sector face

Tracking royalty payments for artists performing across the globe and working out what is owed to artists, producers and other parties can be extremely difficult and time consuming, especially when we take into consideration foreign-exchange costs and differing tax regulations. Multiple financial streams require a great amount of skill to navigate them well. Add to this copyright and the intricacies of working out who owns or co-owns mechanical and performing rights to the song, and you get the picture.

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