Smart Accounting for the Entertainment Industry

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Expert Entertainment Accountants Serving Los Angeles County

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.

Although many of the accounting needs of those in the entertainment industry aren't fundamentally different from other industries, there are certain industry-specific tax issues that may arise.

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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Entertainment Accounting and Tax Services for All of Los Angeles County

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:

Outsourced accounting and bookkeeping

Tour accounting services for live performers

Local tax issues

Strategic tax planning

Cash flow management


Financial reporting

Royalty tracking

IRS audit assistance

Wealth management

Estate and retirement planning

Incorporation Services

Some of the many tax considerations we help with that are unique or indicative of the entertainment industry include

Deductible Expenses

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.

Handling of Royalties

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.

Contract Negotiations

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.

Expense Timing

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.

For additional information about our entertainment accounting services, call us at 310-472-4727 or fill out our contact form.

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