Smart Accounting for the Entertainment Industry
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When you live in the spotlight, you want a tax advisor capable of standing by your side in a discreet manner. Located in Los Angeles County, CPS Tax Pros has made a name for itself in the heart of the entertainment industry. With years of experience in entertainment accounting and tax preparation, our firm has worked with numerous actors, models, agents, directors, writers, and publishers to increase profitability and decrease liability.
As entertainment accountants, CPS Tax Professionals Inc provide accounting services to businesses and individuals throughout the entertainment industry. Our goal is to let you concentrate on developing your talents while we handle your traditional accounting, bookkeeping, and tax functions.
Whether you’re a business or an individual, working with an accountant that’s familiar with the common financial challenges of entertainers ensures that your books are being handled properly. At CPS Tax Pros., we understand the complexities associated with promotion costs, royalties, and tour expenses, plus we have knowledgeable staff members specifically dedicated to our clients in the entertainment industry.
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By understanding the atmosphere of the entertainment industry, our accountants have developed a preparation method that is used specifically for entertainment professionals. In addition to tax preparation services we offer our entertainment clients financial management services including:
Some of the many tax considerations we help with that are unique or indicative of the entertainment industry include
With the new tax reform, it is important to sit down with your tax consultant as soon as possible to determine which deductions (if any) you might still be entitled to.
As a potential income stream received over time, royalty payments offer a specific tax challenge that we can help you navigate and plan for over the long term.
The terms of contracts can have significant tax implications. We can provide early consultation during the negotiation process, so you know which deal terms to include and where the potential red flags may lie.
Many professionals in the entertainment business do not receive income on a regular, bi-weekly basis. We can provide planning for expense payments, so your cash flow is steady between jobs.
Whether you are new to the entertainment industry or a seasoned veteran, our entertainment accountants have the expertise to provide trustworthy personal and business financial advice in order to maximize your wealth.
