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#creative-industries

Creative Industries

Accounting strategies for artists, designers, and creative professionals

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12 min read

The Full-Time Creator's Bookkeeping Playbook: Twitch's Two 1099s, ASC 606 Sponsorships, and Section 179 Gear

A practical bookkeeping guide for full-time Twitch streamers and YouTubers — how Twitch splits payouts across 1099-MISC Box 2 and 1099-NEC, when to recognize sponsorship revenue under ASC 606, when to choose Section 179 over 100% bonus depreciation on a $20,000 studio buildout, how to defend a home office deduction under Section 280A, and the ARPS, eCPM, and cost-per-hour KPIs that separate a hobby channel from a viable creator business.

Mike Thrift

creative-industriesself-employment-taxbookkeeping
12 min read

Independent Cinema and Drive-In Bookkeeping: Film Rental, Concession Margins, and ASC 606 Deferred Revenue

Independent theaters keep 10-50% of box office after the distributor split but 85-92% of every concession dollar. This guide covers film rental settlements, ASC 606 deferred revenue for gift cards and movie passes, concession COGS by category, breakage and state escheatment, and Section 179 expensing for digital projectors and recliner seating.

Mike Thrift

bookkeepingsmall-businesscreative-industries
11 min read

Crowdfunding and Taxes in 2026: When Kickstarter, GoFundMe, and Indiegogo Money Is Taxable Income

Kickstarter and Indiegogo proceeds are business income reported on Schedule C, while GoFundMe donations may be tax-free gifts only if they pass the IRS detached and disinterested generosity test. The OBBBA reset the Form 1099-K threshold to $20,000 and 200 transactions for tax year 2026, but the reporting rule does not change what counts as taxable income.

Mike Thrift

crowdfundingtaxtax-compliance
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