In previous blog posts, we have written about federal and state tax incentives for the entertainment industry, including the Section 199 domestic production activities deduction (DPAD) and state film tax credits. Another significant federal tax incentive is the Section 181 treatment of certain qualified film, television and live theatrical productions, which will be d [...]

“Simple” Tax Reforms We recently participated in a panel discussion for the Producers Guild of America on the 2017 Tax Reform Act (the Act), which went into effect in 2018, for most taxpayer changes. This seminar discussed the law, as we know it, and provides options to freelance employees on how to best keep their hard-earned dollars, especially for those in the e [...]

What do entertainment professionals need to know to find financial success? On this episode of the Media Clips Podcast, Host and GHJ Entertainment Practice Leader Ilan Haimoff is joined by a panel of distinguished experts from across GHJ’s service lines: GHJ Entertainment and Media Tax Expert Dan Li shares what taxpayers can do now to reduce their tax bill in 2024. [...]

Join GHJ Experts Ilan Haimoff, Dan Landes, Michael Sippel, Dan Li and Frances Ellington at CalCPA’s Motion Picture and Television Industry Accounting and Auditing Overview Webcast on October 21, 2019. Learn more about audit, accounting and tax practices unique to the entertainment industry and how the various areas of entertainment accounting impact each other. Click [...]

When an artist, writer or musician receives royalty payments in exchange for the use of intellectual property, there are specific tax implications that should be considered. What are some of the implications and potential impacts for royalty recipients? Topics such as self-employment income, net investment income tax and advance royalties need to be considered. Self-E [...]