Showing posts from April, 2015

PRODUCTION TIPS: The Filmmaker and Taxes

Like most people in the arts you are probably waiting to do your taxes at the last minute. You would much rather be creating art, writing a script or shooting a movie then crunching numbers and poring through old receipts. If it helps, consider it a civic duty to pay your taxes since those funds are used to cover many of the communal goods we use. But, the truth is even if you do not think it is your civic duty, you simply can not avoid them. As the Benjamin Franklin saying goes, “In this world nothing can be said to be certain, except death and taxes.” Therefore, you have to get them done. And it is worth taking the time to understand the process even if you are hiring someone else to do your taxes for you. Understanding taxes as a filmmaker (producer, director or screenwriter) can help you with your tax goals of paying what you owe (if anything) and getting a nice refund or tax write-offs. Employee vs. Self-Employed When it comes to taxes, you are either an employee or sel