Even musicians and actors need basic Bookkeeping services

By HiteshMi  -  On 31 May, 2013 -  0 comments

SC Jersey offers accountancy services that give you peace of mind, whatever your business

Accountancy services are probably the last thing actors are thinking about when they walk the red carpet.

However glamorous, however expensive the latest designer dress you never know how much they are fretting about accountancy issues. Don’t believe us? Well actors have just filed a claim regarding mishandled royalties and the sum is a staggering $110 million!

It pays, therefore, to keep an eye on every aspect of your business accountancy issues, no matter how you earn your money.

Sixteen actors are actually pursuing a lawsuit against their union SAG-AFTRA for non- payment of foreign royalties and the money has been outstanding for over ten years.

One of the basic problems is that the union has been hanging on to monies that are termed ‘unclaimed royalties’ which are then given or donated to SAG’s actor fund if they remain unclaimed for three years. Of course not everyone ‘donates’ their earnings as some have no idea the money is owed in the first place.

The lesson learned, which SC Jersey heartily endorses, is the need to keep excellent records and maintain accurate bookkeeping records regardless what you happen to be doing. You may well lead a hectic lifestyle, living out of a suitcase, playing on a world tour but if you hand over responsibility to a trusted firm of accountants then you can be confident you will be paid the money due.

It doesn’t require a massive time commitment or skill on your part. Bundling up receipts and invoices, subscriptions, travel tickets and all the associated paperwork then putting them in an envelope is all you need to do.

SC Jersey will complete the rest for you saving you time, effort, money and hassle. After all, who wants to embark on any kind of legal battle to chase money that could have been paid up easily and efficiently?

he actors filed the suit in May 2013 and it will be interesting to see just how long it takes to be resolved. So don’t put yourself in that kind of stressful and time-consuming position. Organise your accountancy services today by clicking here.