As with many industries, the entertainment business has its own distinctive tax laws and finance implications. From licenses and film rights, to ownerships and royalties, there are many sides to the entertainment industry that require the skills of a MayerMeinberg accountant and business advisor.
For big entertainment projects there may be large amounts of capital that is required for the project to reach completion. MayerMeinberg LLP has cultivated lasting relationships with financial institutions big and small. Members of our team will work with you to determine your financial needs for the project and the appropriate lender to work with.
Many actors, actresses, models, and musicians work as independent contractors. Sometimes it can be difficult to keep track of the stream of income. Failure to report this income lands many people in trouble with the IRS. We at MayerMeinberg LLP can help you or your clients keep track of this kind of income and prevent potential problems with the government.
Whether it is the movie industry, the music industry, or the modeling industry, there is money being earned and expenses being paid. It is important to have someone on your side who can advise you on budgets, investments, and everyday expenditures.
At MayerMeinberg LLP, we recognize the benefits of a well designed and hands-on approach. We feel that it is essential to identify areas that could possibly cause issues with our client’s finances. We seek out possible risks that could call for special attention and devise the best and most efficient solution.