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After almost two decades specialising in accountancy for the music and entertainment industry, Darkwave expands its services.
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Darkwave spread its wings with business division
09 May 2023
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9 minute read
Specialist accounting firm Darkwave has launched a business management division to help its clients in the music and entertainment industries develop their careers and businesses.
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The Melbourne-based firm, which has focused on the arts, entertainment and media production industries since 2006, said Darkwave Business Management
would go beyond traditional accounting services such as returns and superannuation.
Founder-directors Meredith Fannin and Andrew Elmore said they wanted to be “transparent collaborators” for their clients, which included some of the
biggest names in music and entertainment such as Triple j’s Hottest 100 and ARIA-charting musicians.
“The establishment of Darkwave Business Management will allow the company to further its mission, providing clients with a virtual CFO to manage all financial aspects of their business, in addition to more generalised bookkeeping, accounting and taxation services,” they said.
“This division will put clients back in control of their own finances and help them understand how their money flows.”
Ms Fannin said Darkwave put the artists first in its strategic thinking.
“Our goal for Darkwave, with the launch of Darkwave Business Management, is to empower creatives to achieve their financial goals and thrive by providing effective strategies and solutions that align with their vision and values,” she said.
“Over the past decade and a half, Darkwave has strongly emphasised a collaborative approach to our work, as we work closely with artists and their management teams to understand their financial goals. This allows us to create tailored management strategies that align with the specific needs of any individual artist.”
Mr Elmore said: “Darkwave’s clients already trust our experience and credentials to simplify complex aspects of their finances, and Darkwave Business Management launches at a time of significant change in the financial landscape for musicians and creatives.
“Recent changes to superannuation, and expected changes to tax legislation, are making it more important than ever to have a transparent collaborator working on your business.”
The business division will offer management planning, customised reporting, analysis, compliance, project management and virtual CFO services.
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