Welcome to Eric M Hunt, CPA
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 Most of that advice is useless, incomplete, outdated, or wrong.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 […]
The glamour of Hollywood always overshadows the critical aspect of the entertainment industry, which is finances. Most people in the entertainment industry know how to manage their money, but some don’t. So here we come. We are specialized entertainment CPAs who can help you better understand and manage your finances. In the entertainment industry, income […]
It is a feeling of pride if your child is an actor or musician. But in the US, you must pay tax if your child is making good money. That is where we come in, we are the best CPA for child musicians and actors in Los Angeles. Your child puts in lots of hard […]
You have incredible creative freedom, whether you are an actor, musician, writer, or behind-the-scenes professional. However, it also brings complex tax responsibilities that many freelancers overlook. Missing deadlines, misclassifying income, or failing to track deductions can lead to costly penalties and unnecessary stress. In this guide, we will break down the most common tax mistakes […]
