#creative-industries
Accounting strategies for artists, designers, and creative professionals
Under Section 1221(b)(3), songwriters pay 20% capital gains on a catalog sale instead of 37% ordinary rates on royalties, elected per song.
Georgia's 30% film credit is transferable, so brokers buy it near 90 cents on the dollar — refundable credits in states like New Mexico pay cash instead.
If your agency controls client media before it reaches the client, ASC 606 says you are a principal — the full billing is your revenue.
Every state you played wants a nonresident return, and the IRS taxes all of it. US guide to door deals, merch books, per diems, and road deductions.
The Copyright Claims Board hears copyright claims up to $30,000 entirely online for $100 in fees — but you need a registration application to file.
Price each rental off replacement cost — about 1/20 per day — capitalize the fleet under Section 179 or bonus depreciation, and track utilization per item.
Register your U.S. copyright before infringement or within 3 months of publication to unlock statutory damages up to $150,000 per work plus attorney's fees.
A commission deposit is a liability until delivery — book it as unearned revenue, job-cost each binding, and reconcile leather and gold quarterly.
Gig pay lands on 1099-NEC, royalties on 1099-MISC, and the IRS taxes it all. US guide to scale vs. buyouts, fund payouts, and session deductions.
Register within three months of first publication or lose statutory damages up to $150,000 per work and attorney's fees for any infringement that began earlier.
A loan-out corporation restores the business-expense deductions the IRS permanently denies W-2 performers — at $3,000 to $6,000 a year to run.
A hot shop furnace burns 24/7, so book fuel as fixed overhead, not COGS — then price each piece on revenue per furnace-hour, sellable yield, and color cost.
