ARTISTS AND CREATIVES PRACTICE
MOVING AT YOUR PACE, IN LOCKSTEP WITH YOUR CREATIVE VISION
This practice area was built for marketing agencies; design firms; small independent production studios; VFX, sound, animation, and other post-production firms; authors and digital creators; among other niche businesses operating in the creative space. We specialize in providing comprehensive accounting and financial services tailored specifically for the unique needs creative professionals and the businesses operating in the space.
We have a dedicated team of associates, technology, and processes allowing us to support your artistic and creative services business with all tax, accounting, and reporting functions. We know how demanding, deadline-driven, and highly competitive the entertainment, media, and creative services industries are; having experienced accountants on your team allows you to fully express your artistic vision and creative abilities.
Creative services revenue comes in many forms — royalties, commissions, special payouts and bonuses, merchandise or ticket sales, among other forms. Not only that, no revenue or cost sharing agreement is the same. The best solution is a custom one built around your needs that scales efficiently with your operations.
Deep understanding of the creative industry
- Personalized approach: We recognize that every artist and creative professional has a unique vision and workflow. Our services are customized to move at your pace, in lockstep with your creative endeavors. We don’t believe in one-size-fits-all solutions; instead, we tailor our services to fit your specific needs and goals.
- Specialized expertise: Our team has extensive experience working with a diverse range of creative professionals, including musicians, visual artists, filmmakers, writers, and designers. This deep industry knowledge allows us to provide insights and advice that are directly relevant to your field.
Unique bookkeeping and accounting challenges
- Variable income streams: We understand that artists often have fluctuating income from various sources such as royalties, commissions, performance payouts, and sales. Our bookkeeping practices are designed to track and manage these variable income streams accurately because they are custom solutions designed around your operations and activities. This ensures accurate and timely financial reporting, AR/AP administration, expense splitting or cost sharing allocations, management decision-making, revenue audits/reviews, and timely and accurate tax reporting.
- Project-based accounting: Many creative projects require specific budgets and cost tracking. We offer project-based accounting solutions to help you manage expenses and revenues for each project, providing a clear picture of your financial performance and helping you stay within budget.
Operational uniqueness
- Intellectual property management: Managing intellectual property (IP) is a critical aspect of a creative professional’s business. Where needed, we assist with the financial aspects of IP, including valuation, royalty tracking, and coordinating with legal counsel and agents with licensing agreements, helping you maximize the value of your creative work.
- Contract and payment management: We help streamline your operations by providing support with contract management and payment processing. Our services ensure that you are paid on time and that your contracts are financially sound, reducing administrative burdens and allowing you to focus on your art.
DISCOVER WHAT'S POSSIBLE.