Mark Twum-Ampofo heads the market leading theatre practice at accountants and business advisers Moore Kingston Smith, supporting his clients in the business of running a theatrical production, whether that be the initial set up and structuring, production accounting during pre-production and running phases, or tax theatre tax relief, and all aspects of compliance.
Rooted in a practical understanding of the daily challenges of running a production, Mark’s clients rely on his broad perspective, track record of achieving great outcomes and ability to steer productions away from potential pitfalls. Together with the wider theatre team he works with a varied range of clients from high profile West End producers and Broadway transfers to small Arts Council funded theatres, giving him a real overview of sector developments.
His skill lies in weighing up often-conflicting considerations and their implications for all stakeholders in the production. Playing a delicate balancing game, Mark calculates the practical impacts of a commercial decision against its knock-on effects – theatre tax credits, returns to producers and/or investors, royalties and reported profits of the production – all of which play a key role in the success of the show.
Mark ensures Moore Kingston Smith’s specialist theatre practice remains at the forefront of industry discussions. He continues to work with clients and HMRC on innovative shows that are pushing the boundaries of theatrical production.
Mark is trustee of Stage One, which supports aspiring producers through workshops, bursaries, placements and investment and with a particular focus on those from under-represented backgrounds.