Tax Accountant for TV & Film Production in Miami
Production Work and Taxes in Florida
Florida’s lack of a state income tax is a draw for production professionals. But the nature of production work means you’re rarely in one place for long. A show might shoot principal photography in Miami, then move to Atlanta for two weeks, then do pickups in Louisiana. Each of those states taxes the income you earned on their soil, and the rules vary significantly from state to state.
Per diem payments, housing allowances, and kit rental fees all have different tax treatments depending on how they’re structured. Some are tax-free, others aren’t. We sort through all of it so you know exactly what you owe and what you’re keeping.
Tax & Financial Services for Production Professionals
- Multi-State Filing for Location Work — Returns for every state where you worked on a production, with proper income allocation by duty days.
- Per Diem & Housing Analysis — Determining which payments are excludable from income and which need to be reported, based on IRS accountable plan rules.
- Equipment & Kit Rental Deductions — Proper depreciation and expense treatment for cameras, lighting, sound equipment, and other production gear.
- Loan-Out Company Management — If you operate through an S-Corp or LLC, we handle payroll, reasonable compensation, and all entity-level filings.
- Union & Guild Coordination — Reconciling income reported through IATSE, DGA, or other guild payroll systems with your actual earnings.
- Production Company Tax Compliance — For producers running their own companies, we handle business returns, payroll tax, sales tax on equipment rentals, and state incentive reporting.
Why Production Professionals in Miami Choose Reed Corporation
We understand the production calendar and the financial chaos that comes with it. Crew members often work for multiple production companies in a year, receive W-2s and 1099s from different employers, and collect per diems that may or may not be taxable. Most accountants don’t know how to handle that mix. We do.
For production company owners, we also understand the specific tax incentives that apply to Florida-based productions and how to structure your operation to take full advantage of them. From pre-production budgeting to post-production wrap accounting, we’re involved at every stage where taxes come into play.
Sources & References
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