Tax and business support
'ISM membership is important to me because it gives me a safety net should a problem arise, whether it be financial or legal. I've found the services really useful.'
Our comprehensive tax and business services will help keep you on track during your music career.
Self-employed members can claim tax relief on their membership fee because we are a professional body.
Our free tax helpline is staffed by experts who can help with any tax or NI issue.
Tax return completion service
Take advantage of a specially-negotiated service from Performance Accountancy, who will complete your tax return for you for a flat fee of £150+VAT.
Tax investigation cover
If you become subject to a full HMRC tax investigation while an ISM member, our legal expenses insurance provides up to £100,000 of cover for your accountancy fees (or up to £1,000 cover for aspect enquiries).
Discounted tax and accountancy services
Accountants LB Group offer ISM members a range of tax and accountancy services at a 10% discount.
Debt advice helpline
You will also have access to our partner StepChange's helpline which is staffed by debt specialists who can help you negotiate with your creditors and set up a manageable repayment plan.
Fees and pay
Our regular fees surveys for professional musicians and music teachers provide a benchmark for what you charge. You can also download invoice templates, template contracts and other guidance from our website.
Take advantage of our wide range of articles and webinars on topics such as royalties, marketing, health and wellbeing, financial advice, and setting up and managing your own business.
GDPR and you
All businesses, from large companies to sole traders and freelancers, need to understand the new data protection rules. Visit our GDPR advice pagefor practical advice about the regulations. As an ISM member, you will have access to a sample data map and template privacy statement, with tips on how they can be adapted for your personal use.