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Many entertainers don’t take advantage of the expenses they face. Every facet of your entertainment career should be tracked and applied to your income. Even if you have hit it big, why avoid legitimate expenses? Look at is this way. If you pay taxes at a 25% rate, each expense item you can claim is the same as buying that item with a 25% discount. We will not work with clients who want to bend the rules, but we do want to teach clients to take full advantage of what they are legally entitled to deduct. 

Examples of Deductible Items

Instruments, home rehearsal space, in-house recording studios or equipment, cell phones, web sites, computers, magazine subscriptions, association dues, uniforms, costumes, dry cleaning, hair styles, make-up, shoes, classes … the list can be endless.

 

Tax Planning

Tax planning is a critical component of all businesses. Entertainers may be artists at heart but there is a business aspect to address. You cannot plan for last year’s taxes in January. All you can do is look forward into the next year. If your tax planning needs are limited, we will let you know. But, if you have never sat down with a professional and let them question you, you may not know what financial opportunities you have been missing.

 

Return Preparation & Audit Services

The entertainment professional is a business person. Just like any other business, you need to comply with accounting, tax or audit requirements. We provide tax return preparation and audits, as well other services, required to satisfy investors in your organization or the federal and state governments. If you have multi-state tax filing needs we can handle those activities for you.

 

Some of our clients have simple tax issues. Others have more complex matters to resolve. Regardless of your situation, we will take care of these issues so you can stay focused on the creative aspect of your art.