Client Story
Medallion Arts
Medallion Arts Limited is a UK subsidiary of Medallion Arts Inc., a US-based technology company that helps artists launch digital communities using blockchain technology to expand fan participation, actionable insights, and economic potential.
Fixing the artist-to-fan connection in Web3
The artist-to-fan connection is fractured, limiting an artist’s ability to build tailored creative experiences and sustainable economic opportunities. Medallion is web3 technology that helps artists launch digital worlds to expand fan participation, actionable insights, and economic potential.
A team of music and tech industry veterans leveraging this new technology to usher the biggest names in music into a new digital era.
Starting from scratch, Square Mile quickly created a robust finance function for us with timely and accurate reporting.
They have become a trusted advisor on tax, compliance, and international accounting issues, and they continue to anticipate the needs of our growing business.
Medallion Arts Limited
The Challenges
With a predominantly US team, Medallion UK came to Square Mile with a newly incorporated company and limited UK infrastructure. It needed assistance building out a robust finance function, and advice around UK compliance and taxation.
The Solution
Medallion UK moved their business to Square Mile in February 2022, shortly after incorporating. Square Mile helped them establish a UK finance function and has provided advice around taxation, including R&D and transfer pricing, and international account consolidation strategies. Square Mile continues to aid as required, and has become an important partner to their business.
The Results
- Time saved on compliance
- Enhanced reporting & management information
- Developed R&D tax plan
- Assistance with transfer pricing implementation and international structure
