Welcome to Eric M Hunt, CPA
Most working actors pay more tax than they should every year. Not because they earn too much, but because no one ever showed them what they are allowed to deduct by law. Studies of self-employed creative workers show the same thing: many lose hundreds, even thousands, of dollars each year by missing deductions that were […]
Success in the entertainment industry can lead to sudden, significant income. Actors, musicians, producers, directors, and other creative professionals often experience years where earnings increase quickly due to major projects, licensing deals, or royalties. While this financial success is exciting, it also brings important responsibilities, including estate planning. Estate planning is not only for retirement […]
We all think life on tour is exciting, but from the inside, it is very hectic. Musicians perform in different cities and travel constantly. Their talented crew, who manage everything for them, run all tasks smoothly. In a tour, your income and expenses can be unpredictable. You should plan your financial journey during your touring […]
Creative careers often start informally: actors begin earning money from small projects, musicians from streaming income, and directors from independent film work. At first, this income feels occasional, but over time it grows. When you start making good money, these questions come to mind: Should I form an LLC or elect S Corporation status to […]
Film production moves fast. Money flows in from investors, tax credits, pre-sales, and distributors, then flows right back out to cast, crew, equipment, locations, and post-production. In the middle of that controlled chaos sits one critical responsibility: financial management. Many producers wait until filming wraps to bring in an accountant. That delay often creates reporting […]
Most of us get tax advice from friends, social media, and industry forms, so do the actors, musicians, directors, dancers, and other creative professionals. Most of that advice is useless, incomplete, outdated, or wrong. Nowadays, tax myths spread quickly online and on social media, leading to poor guidance and penalties. If you have clear information […]
Creative professionals rarely have a simple financial life. Writers, dancers, directors, designers, choreographers, and other artists often work project to project, earn income from several sources, and invest heavily in their craft. Because of this, many creatives either miss valuable tax deductions or feel unsure about what is actually allowed. Understanding legitimate deductions is not […]
Musicians’ income streams are very diverse; they come from different people and platforms into your bank account. The report of the royalty income is the most confusing part of income tax. Sometimes, payment arrives late on different platforms from different people. Streaming income, performance royalties, mechanical royalties, and sync licensing all follow different paths before […]
Most of the actors have multiple income sources. In a year, they can make income from union wages, non-union projects, residuals, commercial work, appearances, teaching, and personal brand income. As we can see here, actors have multiple income sources, and having various sources can feel good, but they can become complex when it comes to […]
If you are an actor, musician, or creative professional, chances are your career does not follow a straight line. One month you might have a high income, and the following month things slow down. Payments come from different sources, contracts change often, and expenses don’t always fit neatly into standard tax categories. That’s why choosing […]
