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The Help Independent Tracks Succeed (HITS) Act is part of the One Big Beautiful Bill Act, commonly referred to as the OBBBA or OB3. The tax legislation package is a major step forward and a landmark win for independent musicians, producers and small labels. This new law updates the tax code to give music creators…
The Treasury Department has released preliminary guidance on the jobs that are expected to qualify under the “No Tax on Tips” provision of the One Big Beautiful Bill Act, commonly referred to as the OBBBA or OB3. The initial list of jobs that will fall under this new tax deduction is provided below; however, the…
The IRS has specific guidelines regarding the deductibility of wardrobe purchases for entertainers. Understanding these rules is crucial for entertainers who want to maximize their tax deductions while staying compliant with tax laws. General Rules for Deductibility In most cases, the IRS does not allow deductions for clothing that can be worn outside of work….
The pursuit of wealth can be incredibly tempting. It is a force so powerful that it sometimes pushes people to cross boundaries they ordinarily wouldn’t. While judgment is not being passed, the goal is simple: to protect entertainers, athletes and high net worth individuals from falling victim to breaches of trust that could jeopardize their…
