Art and Antiques
The UK has an enduring reputation as a leading international art market and continues to attract talent and investment from around the world.
Our Art and Antiques team has a long history of advising individuals, institutional collectors, galleries, studios, auction houses, art and antique dealers and professional photographers on a range of specialist accounting and tax issues. We have the experience and expertise to help.
Services we offer:
- Year-end accounts preparation and statutory audit
- Cloud accounting and VAT compliance
- Cashflow forecasts and business plans
- Taxation services including compliance and advice on industry-specific regulations (VAT margin scheme)
- Employment tax advice and assisting with HMRC enquiries
- Advising on internal controls
- Advice on commission payments and profit share agreements
- Advice on bonded warehousing
- Advice on copyright, IP and artists’ resale rights
- Advice on fund raising
- Forensic accounting, dispute resolution and investigations
- Advice on alternative business structures
- Structuring of trusts and other holding vehicles for acquisition
- Growth advice and business strategy including structuring advice, acquisitions and disposals, business valuations and exit planning
- Advice to non-domiciled collectors resident in the UK
- International support and advice on cross-border issues via Morison KSi's global network