Creative people and taxes don’t seem to mix very well. Taxes and administrating their business are often last on the list of concerns for the actors and performers. The artistic temperament simply does not interface well with the exacting rule-filled world of federal and state taxation. Many creatives tend to avoid the whole matter and consequently leave themselves vulnerable to bad advice. The secret to overcoming this phobia is to develop an understanding of the mechanisms of the tax code and some simple, effective ways of complying with this onerous task.
With increasing digital sales, media companies have to plan/prepare for new tax legislation that will effect internet transactions. Also these companies will have to be aware of transfer and other international tax issues as more and more foreign conssumers purchase their products.
Creative People Tax Site