Artists Touring in North America – State Withholding Tax Reductions

Entertainment and Music | Prager Metis | Feb 20, 2025

Are you ready to hit the road but worried about managing your cash flow?

Listen to key considerations from Prager Metis’ Account Manager, Michael Morello, CPA, where he shares insights on calculating income tax withholdings for each venue to creating budgets that project net income. With varying tax regulations across the US, Canada, and Mexico, let our expert team of business managers take the stress out of your tour accounting.

Contact us today to learn more about our tour accounting services.

 

2025-02-21T12:04:21-05:00
Tax Alert
Mar 03, 2025
Jonathan Gold
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FinCEN Suspends Enforcement of BOI Reporting Requirements and Plans to Limit CTA Scope to Foreign Entities

On February 27, 2025, FinCEN released a statement that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act (CTA) by the current deadlines. On February 17, 2025, FinCEN issued an alert that the new deadline for most companies would be March 21, 2025. Now, FinCEN intends to issue an interim final rule that extends BOI reporting deadlines no later than March 21, 2025.

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