IndustriesEntertainment & Live Events
Accounting that keeps up with the tour.
Live entertainment runs on deposits, settlements and a different state every week. We keep the books, the entities and the filings in step with the schedule, so the money is where you think it is.
What we handle for entertainment companies
- Multistate and international touring compliance
- Artist, production and event entities set up and kept separate
- Withholding on performers, including nonresident and foreign artists
- Show settlements reconciled and tracked to the books
- Cash flow planning around deposits, advances and settlement cycles
- Owner tax planning, coordinated with the business every quarter
Client story
Mills Entertainment: from outsourced bookkeeper to big-picture CFO
From weekly bookkeeping in 2010 to multistate and international touring compliance, entity structure and strategic partnerships, Reinhart has been Mills Entertainment’s accounting department through every stage of growth.
Read the story and watch the video →Questions owners ask us
Do we owe tax in every state where we put on a show?
Often, yes. Many states tax income earned from performances there and require withholding or nonresident returns. We track where income was earned and file what each state requires.
What happens when we book a foreign artist?
Payments to foreign performers for U.S. shows are generally subject to 30% federal withholding unless a tax treaty or an IRS withholding agreement reduces it. We sort that out before the show, not after.
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