Film and Television
Theatre and Entertainment
Withum’s Theatre and Entertainment Services Team provides accounting, attest, tax, and advisory services to a wide variety of clients in the industry. Our team’s leadership group alone boasts more than 100 combined years of experience servicing clients in the Theatre and Entertainment space. Our specialized knowledge helps us maintain an elite client base of theatrical, film, music, and other entertainment clients.
Our Theatre and Entertainment Industry Expertise
Theatre and Entertainment Services
- Strategic business planning – including offering document review and consultation
- Tax planning – including Federal, state and local, and International
- Tax credit incentive analysis and certification
- International expansion
- Budgeting and projections
- Business succession planning
- Estate planning
- Due diligence and related merger & acquisition services
- Business valuation
- Audit and attestation services
- Compliance with federally funded programs
- Agreed upon procedures
- Outsourced Accounting Systems and Services (OASyS)
- Internal controls review
- Cybersecurity assessments
- Employee compensation and pension plans
- Dispute resolution and litigation support
- Digital solutions and software implementation
Theatre and Entertainment Insights
Building a Content Calendar
Many content creators don’t start trying to build a business. You post, you grow an audience, you land a brand deal, and suddenly money comes in from multiple places. Income becomes unpredictable, expenses pile up, and taxes feel confusing and overwhelming. You might have a “great year” online yet still feel broke or shocked by…
Universal Music Group and Spotify Partner on AI: A Familiar Song with A New Tune
The announcement on May 21, 2026, that Universal Music Group (UMG) and Spotify are partnering on a new AI-powered music initiative is one of the latest advancements at the intersection of artificial intelligence and the music industry. And yet, something about it strongly echoes a past deal between the two, when they also joined forces…
Tax Deductions for Entertainers: Guidelines for Deductible Expenses
Performers and creators face unique financial and tax considerations due to the dynamic nature of their professions. While many expenditures seem essential to maintaining a successful career, not all qualify as deductible business expenses under U.S. tax law. The IRS scrutinizes deductions claimed by those in creative professions, and court decisions have further defined the…
Illinois Film Production Services Tax Credit: Overview and SB 1911 Updates
Illinois’ Film Production Services Tax Credit is a key economic development incentive that attracts film, television, and commercial production while supporting job creation and in state spending. Administered by the Illinois Department of Commerce and Economic Opportunity (DCEO) through the Illinois Film Office, the program provides a transferable income tax credit for qualified Illinois production…
Building Brand Identity With a Strategic Infrastructure
In today’s digital landscape, content creators and influencers have gained widespread recognition, building loyal audiences and profitable careers on platforms like YouTube, Instagram, and TikTok. A key driver of this success is a strong brand identity: the unique voice, image, and values a creator projects to the world. But beyond the outward appearances and storytelling,…
Why Theatre and Entertainment Companies Choose Withum
Our team’s vast experience in the entertainment industry enables our clients around the globe to benefit from our expertise and the continuity of our engagement teams has allowed us to develop a strong rapport with those we serve over time, which is crucial to any business relationship. We have mastered the unique accounting rules and regulations affecting the entertainment industry at the federal, state, and international levels.
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