Entertainment and Sports

The entertainment industry presents unusual business challenges, and individuals involved in this field require professionals who understand their unique needs.  For peak performance, anyone in a creative discipline must be able to concentrate on his or her talent. Creative professionals – actors, athletes, musicians, writers, managers, agents, etc. – benefit from minimizing distractions from the day-to-day aspects of their financial and business world. Vaden Group, the experienced and knowledgeable professionals of our Entertainment and Sports Services Practice can assist with these issues, allowing creative individuals to maintain their essential focus.

Entertainment and Sports Solutions

We understand the special demands and circumstances associated with the entertainment and sports industries and can respond quickly and appropriately. We will work with you to formulate solutions which may include one or more of the following:

Business Management

  • Bookkeeping and specialized accounting services
  • Prepare detailed financial statements
  • Process payroll and other funds disbursements
  • Negotiate and execute transactions and contracts
  • Negotiate purchase price of assets

Tax Planning and Compliance

  • Prepare federal, state and local income tax returns
  • Tax planning to maximize cash flow
  • Advise on international tax obligations
  • Estate and retirement planning
  • Life insurance evaluation for estate liquidity
  • Advise on tax minimization strategies, credits and incentives
  • Evaluate the tax consequences of transactions, agreements and contracts
  • Coordinating with sports agents for maximum tax deductions

Investment Analysis

  • Evaluate risks and rewards for investment opportunities
  • Analyze investment terms and tax impact

Box Office Settlements

  • Verify ticket sales and performance expenses
  • Ensure accuracy of box office settlements

Concert Tour Accounting

  • Analysis of tour receipts and expenses
  • Prepare tour budgets and sales projections
  • Maintain accurate account of receivables and expenditures
  • Maximize tax deductions

Royalty Examinations

  • Verify royalty statements and reported sales
  • Verify royalty contract agreement compliance

Read more about our Entertainment and Sports Practice.