2021 welcomed a flurry of new tax changes, expanding certain COVID-related stimulus and making permanent some of the tax benefits that were set to expire in 2020. In addition, California voters passed Prop 19, introducing significant property tax changes to real estate inheritance in California.
We are pleased to share that Singer Burke has once again been recognized by Variety.
The provisions of the CARES Act are detailed and complex. We hope this summary provides some interim guidance specific to entertainment professionals and small businesses as we collectively navigate these challenging times.
We are pleased to share that Singer Burke has once again been recognized as one of the elite business management firms by Variety.
Singer Burke’s Tax Manager and in-house tax counsel, Greg Zbylut, wrote a guest column in this week’s Hollywood Reporter to expand upon an interview he did earlier in the summer on California legislation targeting big business’s use of Independent Contractors. Are we facing the end of the loan-out? And is it too late to do anything about it? The short answer is that no one knows yet. But Greg does his best to shine light on the issues and dispel some of the fear and confusion that has been percolating in Hollywood over the last week.
Singer Burke’s Tax Manager and in-house tax counsel, Greg Zbylut, was interviewed for an article in today’s The Hollywood Reporter to discuss a new bill in California’s legislature that takes aim at California’s gig economy but potentially threatens Hollywood talent’s loan-out companies in the process.
Ok, so maybe – just maybe – the title is a bit facetious. But what’s not funny is the new partnership audit rules. A partner who bought a partnership interest in 2019 could find themselves on the hook for a liability that arose in 2018 – when they didn’t own the interest – a nasty surprise.
It’s that time of the year again – tax season. And with tax season comes fake IRS and Social Security Administration phone calls.
We are pleased to share that Singer Burke has once again been recognized as one of the elite business management firms by Variety, a top entertainment trade magazine.
The political divisiveness that has percolated since the 2016 election continues to suggest that our ability to view issues from other perspectives is challenged. And that’s a problem not just for our politics, but for our financial lives as well. The allure of a narrow, one-sided perspective is in the simplicity and focus of its message. But that doesn’t make it accurate. As financial advisors, we spend a lot of time reading and thinking about cognitive bias, in other words, how our “hunting stories” may overstate our upside at the expense of the outsider’s objective interpretation.