Music & Entertainment Taxes
Expert Tax Guidance for Creatives
Musicians and entertainment professionals often have financial lives that are very different from traditional employees or business owners.
Income may come from multiple sources, including:
- Royalties
- Touring and live performances
- Recording and production work
- Songwriting
- Publishing
- Streaming
- Merchandise
- Sponsorships and endorsements
- Independent contractor work
- Business entities
- Investments and other ventures
Those income streams can create complicated federal, state and local tax issues. PBTE, LLC helps entertainment professionals understand those obligations, organize their financial activity and develop a tax strategy that fits both their career and their business.
Tax Prep for Creatives
PBTE, LLC prepares federal and state income tax returns for entertainment professionals and their businesses.
Our experience includes:
- Individual income tax returns
- LLCs
- Partnerships
- S corporations
- Multi-state filings
- Business owners
- Independent contractors
- High-income taxpayers
- Trust/Estate/Gift tax returns
Tax preparation is coordinated with year-round planning whenever possible so that the return becomes part of an ongoing strategy rather than a once-a-year event.
Smart Tax Planning
Good tax planning happens before the tax return is prepared.
We work with clients throughout the year to evaluate opportunities and potential tax liabilities before important decisions are made.
Planning may include:
- Estimated tax payments
- Business entity selection
- S corporation planning
- Owner compensation
- Retirement plan opportunities
- Equipment and capital purchases
- Income and deduction timing
- Charitable planning
- Multi-state taxation
- Year-end tax strategies
Our goal is not simply to prepare an accurate tax return. It is to help clients make informed decisions that may improve their overall tax position.
Multi-State Tax Support
Touring musicians and entertainment professionals may earn income in many different states during a single year.
Performing or conducting business in another state can create tax filing obligations even when you do not live there.
PBTE helps entertainment professionals identify potential state filing requirements, properly allocate income and coordinate multi-state tax reporting.
Tax Relief Assistance
Facing tax issues? We help resolve them fast so you can focus on your art and business.