TV, Film & Production Crew — Texas
Texas has become a serious destination for film and television production, with Austin, Dallas, and Houston all competing for projects. The Texas Moving Image Industry Incentive Program offers cash grants up to 22.5% of eligible spending, but qualifying requires careful documentation from pre-production through wrap. Add multi-state shoot schedules, SAG-AFTRA residuals, and equipment depreciation, and the tax picture gets complicated fast.
Business Management Services
- Bill Payment & Scheduling — Timely vendor and personal bill payments organized and tracked.
- Unpaid Income Tracking — Monitoring outstanding receivables and making sure you collect what you’re owed.
- Receivables & Collections — Systematic follow-up on overdue payments from agencies and clients.
- Financial Reconciliation — Monthly bank and credit card statement reconciliation for accuracy.
- Monthly Financial Reporting — Clear reports showing income and net position each month.
- Investment Coordination — Coordinating with your financial advisors to align tax and investment strategy.
Tax & Compliance Services
- Individual Tax Returns — Federal returns handling multi-state production income, with Texas keeping zero state tax on your earnings.
- Business Tax Returns — S-Corp, LLC, and partnership returns filed accurately and on time.
- Bookkeeping — Year-round transaction categorization so your books are always tax-ready.
- Payroll Compliance — W-2 and 1099 processing, withholding calculations, and quarterly filings.
- Tax Strategy & Consulting — Year-round planning to reduce your effective tax rate.
- Entity Formation — Choosing and forming the right business structure for liability and tax efficiency.
- Contract Analysis — Reviewing contracts for tax implications, payment terms, and proper classification.
Why TV, Film & Production Crew in Texas Choose Reed Corporation
Production work means income from multiple states in a single year. You might shoot in Texas for three months, pick up a project in Georgia, then finish post in California. Each state has its own withholding rules and filing requirements. Union residuals from SAG-AFTRA or IATSE arrive on irregular schedules, and per diem payments need to be tracked against IRS thresholds to avoid unexpected taxable income.
We handle the specific deductions production professionals rely on: Section 179 expensing on cameras and grip equipment, unreimbursed travel between locations, home office space used for editing and pre-production, and the TMIIIP grant documentation that productions need to claim Texas incentives. For production companies, we also manage the franchise tax filings, since any entity doing business in Texas above the revenue threshold owes it.
Austin’s production scene is growing, and the state’s incentive program keeps getting renewed. Working with a CPA who understands both the federal production tax landscape and the Texas-specific rules means you capture every dollar you’re entitled to.
Need Help with Your Tax Return?
Start with a fee estimate, or request a consultation if you’re ready to engage.
Sources and Further Reading
IRS Publication 463 – Travel, Gift, and Car ExpensesDeduction rules for business travel, per diem rates, and transportation costs
IRS Publication 946 – Depreciating PropertyMACRS depreciation tables, Section 179 limits, and bonus depreciation rules for business equipment
SAG-AFTRA – ResidualsHow union residual payments work for performers in TV, film, and new media
Texas Comptroller – Franchise TaxFranchise tax obligations for production companies operating in Texas
IRS Publication 535 – Business ExpensesDeductible business expenses including equipment, supplies, and production costs
IRS – Multi-State FilingFederal filing guidance for taxpayers with income sourced across multiple states