Category: Finance

Managing finances in the entertainment sector can be as dynamic as the industry itself. We offer valuable insights into effective bookkeeping, tax planning, and cash flow management for creatives and entertainment entrepreneurs.

Entertainment accounting is complex. Learn how to handle budgets, tax rules, and reporting in the entertainment industry.

Accounting & Tax Tips for Film Production Companies Producing a film involves countless moving parts, and finances are often the most complex piece of the puzzle. Whether you’re an

Accounting for investments occurs when funds are paid for an investment instrument, and depends on the investor’s intent and the size of the investment.

Understand how partnership loss allocation rules impact tax obligations, capital accounts, and economic arrangements among partners.

This article discusses the rules governing safe-harbor allocations, the rules governing targeted allocations, and reasons for the use of targeted allocations.

In recent years, more and more partnership agreements have been drafted using the targeted capital account approach for allocating partnership items of income or loss (targeted capital approach) versus the typical Sec. 704(b) economic effect approach (waterfall approach).

Taxpayers may request an alternative method if they believe standard apportionment is not equitable in their situation.

This item examines why shareholders are typically motivated to request various S corporation elections and addresses why tax advisers should raise the question of the election at the time of ownership change and not at a later date.

Explore the essential factors that define investment opportunities, including risk, liquidity, and asset types, to make informed financial decisions.