KROST

OCTOBER 12, 2023

The post Protecting Your Assets and Legacy: Estate & Trust Management in Sports and Entertainment appeared first on KROST.

Entertainment 76

Entertainment Sports CPA 76

RogerRossmeisl

MAY 16, 2022

Basic rules Despite eliminating deductions for business entertainment expenses in the Tax Cuts and Jobs Act (TCJA), a business taxpayer could still deduct 50% of the cost of qualified business meals, including meals incurred while traveling away from home.

Entertainment 245

Entertainment CPA Tax Government 245

Going Concern

FEBRUARY 13, 2023

The post The Accountant Shortage Isn’t Bad Enough For NASBA to Entertain Dropping the 150 Hour Requirement appeared first on Going Concern. If we can’t tinker with the 150-hour rule then all that leaves is increasing salaries and…well…we know how firms feel about that.

Entertainment 119

Entertainment Florida CPA Account 119

DMCL

DECEMBER 3, 2024

DMCL is thrilled to share that Donna Branston , our Entertainment Accounting and Business Management Partner, was recently featured in CPABC’s Backstage Pass , a podcast exploring the unique stories of CPAs working in entertainment.

Entertainment 52

Entertainment cpas CPA accountant 52

TaxConnex

OCTOBER 7, 2021

The publication explained that “streaming services providers” supply entertainment (music, movies, video games, etc.) For streaming services, a consumer has purchased “access to curated entertainment content in the streaming service’s catalog but has not procured a right to any specified digital product.

West Virginia 246

West Virginia Sales Alaska Tax 246

Dent Moses

JUNE 3, 2024

The meals and entertainment deduction has gone through several revisions in recent years. Before 2018, meals and entertainment were eligible for a 50% tax deduction. Beginning with the 2018 tax year, the Tax Cuts and Jobs Act eliminated the deduction for entertainment expenses altogether, while most meals remained 50% deductible.

Entertainment 52

Entertainment Tax Gaming cost accounting 52

SMBAccountant

OCTOBER 21, 2020

Here are some common examples of unallowed expenses: Alcohol – the government will not reimburse alcohol even though it is a legitimate business expense for entertainment of potential or current clients. These costs must be recorded in separate general ledger accounts to be easily identified and excluded from any billing.

Government 246

Government general ledger accounted Account 246

CPA Practice

NOVEMBER 19, 2024

Cohan claimed deductions for various travel and entertainment expenses, but said he was too busy with his hectic career to take the time to document all the expenses. Basic premise: The plaintiff in the landmark federal court decision was none other than legendary vaudeville and Broadway star George M.

Tax 105

Tax Alabama tax return Construction 105

CPA Practice

NOVEMBER 4, 2024

Antium : An automated solution that optimizes meals and entertainment expense deductions, including supporting audit documentation. These strategic partner solutions complement Bloomberg Tax’s existing suite of products, including the newly released Bloomberg Tax Workpapers.

Tax 111

Tax Entertainment audit accounted 111

CPA Practice

AUGUST 1, 2024

Top 25 accounting firm Carr, Riggs & Ingram (CRI) CPAs and Advisors has added ProSport CPA—a New Kent County, VA-based firm that specializes in tax and accounting services within the sports and entertainment niche—to CRI’s family of companies.

CPA 105

CPA Entertainment Sports cpas 105

BuildYourFirm

MARCH 31, 2020

Irene Wachsler is a Certified Public Accountant specializing in accounting and tax solutions for small businesses, self-employed individuals, nonprofits, and the film and entertainment industry.

cpas 178

cpas Tax Massachusetts CPA 178

Bharmal&Associates

JANUARY 13, 2021

The recently enacted second stimulus bill has increased these grants, including $25 billion in rental assistance for individuals, a new round of Small Business Administration (SBA) Economic Injury Disaster Loan (EIDL) advances, and new grants for shuttered entertainment venues such as movie theaters. The post COVID-19 Grants: Taxable or Not?

Entertainment 130

Entertainment cpas Government Tax 130

Accounting Today

SEPTEMBER 20, 2023

It's a concept that doesn't just entertain players; it empowers them economically. Gaming Finance represents a radical departure from conventional gaming models.

Entertainment 128

Entertainment Gaming accounted Account 128

Withum

MARCH 18, 2024

Withum is excited to share that Lara Waldner , CPA, Team Leader of the Theatre and Entertainment Services Team, has been named on the Broadway Women’s Fund list of Women to Watch on Broadway. The team’s leadership group alone boasts more than 100 combined years of experience in the Theatre and Entertainment space.

Entertainment 105

Entertainment New York audit CPA 105

TaxConnex

DECEMBER 28, 2023

“Other digital goods” means the following items transferred electronically to an end user: artwork, photographs, periodicals, newspapers, magazines, video or audio greeting cards or video games or electronic entertainment. Digital code” means a key, activation or enabling code that conveys a right to obtain digital goods.

Sales 264

Sales South Dakota Tax Louisiana 264

CPA Practice

APRIL 13, 2023

By Jennifer Maas – Variety Entertainment News Service. According to fan-community platform and entertainment company Fandom’s annual Inside Gaming report, which was released Thursday, “despite teens and Gen Z spending more time gaming than they did last year, older generations of players are spending more hours per week gaming.”

Gaming 120

Gaming Entertainment Start-ups 120

TaxConnex

JULY 8, 2021

During the week, shoppers will not pay sales taxes on qualifying recreation and outdoor items, as well as on admissions to entertainment and such cultural events as concerts. (As For example, Florida recently extended the state’s Back to School sales tax holiday and created a “Freedom Week” sales tax holiday for July 1 to July 7 this year.

Sales 246

Sales South Carolina E-commerce Tax 246

RogerRossmeisl

APRIL 30, 2024

For example, partners in service partnerships may incur entertainment expenses in developing new client relationships. It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service partnerships such as an architecture or law firm.

Entertainment 130

Entertainment Transportation Education CPA 130

MyIRSRelief

APRIL 29, 2024

Here’s a glimpse into some of the prominent sectors and the tailored support a specialized tax and accounting firm can offer: Entertainment Industry: From bustling studios in Hollywood to independent production houses, the entertainment industry is a major player in LA.

Tax 130

Tax bookkeeping Entertainment Account 130

Withum

JUNE 28, 2024

Josh Horowitz is the team leader of the Professional Sports Services Team and serves high-net-worth individuals in the sports and entertainment industry with complex tax issues and tax-saving planning. Christina Flynn is a quality control partner leading our professional compliance and is an IFRS expert.

Entertainment 116

Entertainment audit Sports tax planning 116

TaxConnex

AUGUST 19, 2021

As movie theaters closed, production companies looked to streaming services as a way to release new content and produce some sort of revenue while entertaining the public who remained in lockdown. Digital media and streaming services benefitted from everyone stuck in their homes.

Sales 246

Sales E-commerce Tax Missouri 246

MyIRSRelief

NOVEMBER 15, 2024

Meals and Entertainment:Business-related meals and entertainment, subject to certain limitations. Meals and Entertainment Meals and entertainment expenses can be tricky, as the IRS imposes strict rules on what is deductible. These can include: Office Supplies:Items such as paper, pens, printer ink, and other consumables.

bookkeeping 130

bookkeeping Tax Entertainment accounting software 130

Going Concern

SEPTEMBER 30, 2024

These people have a beef with the firm too but it’s not nearly as entertaining as some guy getting chased off by a lady with a Sonic haircut for metal detecting on the property. Jordan Boston here has a beef with the good folks of WMDD&H: The only non-Google photo for this place is from Jordan.

accounting firms 111

accounting firms Entertainment accounted Account 111

Insightful Accountant

APRIL 19, 2023

Eved and SAP partner to bring new Payment and Vendor Management Platform to Entertainment, Media and Production Companies.

Entertainment 103

Entertainment 103

CPA Practice

JULY 9, 2024

The administrative and support services; retail; and technology and life sciences industries saw increases in hiring, while the accommodation and food services; arts, entertainment, and recreation; and not-for-profit sectors saw declines in hiring. On a regional level, hiring trends for small businesses were mixed.

Entertainment 98

Entertainment Non-Profits small business accounting payroll 98

Going Concern

FEBRUARY 22, 2024

Infused with energy and enlivened by top-tier tenants, Nashville Yards evokes a next-generation sense of place with Class A+ office, retail, entertainment, hospitality, and residential towers in one authentic, irreplaceable community.” ” The renders are incredible.

Entertainment 111

Entertainment Hospitality Retail Real Estate 111

PYMNTS

OCTOBER 9, 2020

Entertainment systems, wireless networks, technologies that send information back to earth without intervention and position broadcasts are some of the complex digital infrastructure on commercial airliners.

Entertainment 139

Entertainment Manufacturing Government Technology 139

DMCL

MARCH 22, 2024

Christina’s dedication, exceptional client relationship skills, and strong leadership qualities have been invaluable to DMCL’s Entertainment team. The award acknowledges her contributions to Moore, DMCL, the local community, and the accounting profession as a whole.

Entertainment 98

Entertainment accounted Account accountant 98

Airbase

DECEMBER 5, 2023

Monthly expense reports: Long-term expense reports: Recurring expense report: Travel and entertainment (T&E) expense reports: Content of a business expense report. Travel and entertainment (T&E) expense reports: Purpose: Travel expense reports are specifically designed to track expenses related to business travel and entertainment.

Approval Workflows 130

Approval Workflows Expense Management Entertainment Technology 130

Accounting Today

MARCH 11, 2024

The Creating Hospitality Economic Enhancement for Restaurants and Servers would provide a tax deduction for bars, restaurants and entertainment venues with draft beer systems.

Tax 93

Tax Entertainment Hospitality Finance 93

MyIRSRelief

DECEMBER 1, 2020

If you are thinking of saying thank you in the form of a party, or a day out, entertainment costs are much trickier to claim back. The only way you could do this would be if the form of entertainment was directly related to your company, based in Whittier, Los Angeles, or any other city. Write off bad debts to reduce your income.

business tax 147

business tax Tax tax return accrual accounting 147

PYMNTS

NOVEMBER 16, 2020

Consumers have cut back on travel, in-person entertainment and restaurant spend. Credit card balances have been severely impacted by the COVID-19 pandemic as consumers have slowed purchases, especially on travel and entertainment. Here’s the scenario. They have paid down their credit cards.

Entertainment 121

Entertainment Retail Maine Sales 121

PYMNTS

AUGUST 5, 2020

Consumers today are looking for new avenues of at-home entertainment as many continue to lay low during the ongoing pandemic. While video streaming services remain popular, research indicates more consumers are also turning to online gaming and gambling platforms. Deep Dive: Guarding Gaming Platforms Against Online Fraud.

Gambling 111

Gambling Gaming Entertainment Sports 111

KROST

NOVEMBER 9, 2023

This is one of the articles in the KROST Industry Sports & Entertainment Issue, titled “Understanding the Complexities of Tax for Professional Athletes” by Brad Pauley, CPA Professional Athlete Taxation Professional athletes are subject to a complex system of taxation that can vary depending on their state of residence, the sport they play, and (..)

Sports 81

Sports Tax Entertainment CPA 81

TaxConnex

FEBRUARY 28, 2023

Property/real estate: Condominium time-share exchange services; cosmetic surgery (excluding reconstruction of facial and body defects due to birth disorders, trauma, burns or disease); parking services (excluding any parking services at an educational institution); rental of space for meetings, conventions, short-term business uses, entertainment events, (..)

Kentucky 147

Kentucky Tax Real Estate Education 147

KROST

JUNE 8, 2023

Our Sports & Entertainment industry professionals, Stacey Korman, Brad Pauley, Alan Lo, and Andrea Bonilla, are attending the Trusted Advisor’s second annual Trusted X LA Technology Summit on June 8th.

Technology 81

Technology Entertainment Sports Tax 81

Patriot Software

MAY 24, 2022

The IRS suggests that you keep receipts and other records for gross receipts, purchases, expenses, assets, and any deductions you want to make (entertainment, travel, gift expenses, etc.). And as your business grows, tracking receipts can be a difficult task indeed. But, it’s getting easier with e-receipts. Want to go paperless?

Entertainment 89

Entertainment accountant accounted Account 89