Name: The Implications of the New Tax Laws for Artists, Producers & Non-Profits
Start: 2018-02-20T19:00:00-05:00
End: 2018-02-20T21:30:00-05:00
Location: The Playroom Theatre

The Implications of the New Tax Laws for Artists, Producers & Non-Profits

Tuesday, February 20th
The Playroom Theatre, 151 W. 46th Street, 8th fl.

Speakers to include: Bailie Slevin, financial consultant with Entertaining Finance, a business management and financial consulting firm geared specifically toward creatives; Dave Spaulding, Enrolled Agent (EA), Chartered Retirement Planning Counselor (CRPC) and the Accredited Domestic Partnership Advisor (ADPA) and partner at Phillips Gold & Partners.

A look at the new tax laws with respect to organization & entity structure, tax rates and how the new law bleeds down to the individual, whether producer or performer. Apart from the rate changes, and substantial bracket swings, there are quite a number of other surprising things both incorporated in the new law as well as left out. There are major reductions in tax deductions at the entity level but a near elimination of miscellaneous itemized deductions on the individual level making it very difficult for the small employee-performer. The doubling of the standard deduction may help some, but there are no personal exemptions left in the tax code. We'll look at how the tax laws might impact donor giving, and alternate strategies for maintaining and possibly growing support. Has the target donor base changed because of the change in deductions? On the plus side, perhaps, there are benefits in the new law for the self-employed and small business owner of either a partnership or S-corporation that could reduce taxable income from these specific entities. Our speakers will guide you through this confusing government-imposed maze, and help manage expectations for artists.

Doors open at 7:00pm for networking and refreshments, roundtable introductions of everyone in the room will start at 7:30pm - come prepared with your best one-minute summary of who you are, and what you need. Free for TRU members; $12.50 for non-members in advance ($15 at door). Please use the bright red reservation box on this page, or call at least a day in advance (or much sooner) for reservations: 212-714-7628; or e-mail TRUStaff1@gmail.com

Panelists

BAILIE SLEVIN

is the founder of Financial Wellness Companion, Entertaining Finance, and is the current Sales Trainer at MediaRadar. She has made a study of language and how people communicate value, be it screenwriting, playwriting, sculpting, performing, painting, or commercial sales. Bailie helps to translate the creator’s passions to others in a business setting. With her15 years in the personal financial planning industry, Bailie developed a niche in the arts and freelance communities, specializing in working with people with an uneven income. She has also spent significant time in the theatre industry as a stage manager, general manager, and producer. She is a Life Purpose Life Coach and a New York Mental Health Peer Specialist. She lives in New York City with her rescue pup, Lorelai.
DAVID SPAULDING

provides personalized service to individuals and businesses in tax consulting, tax compliance and controversy, business advisory, and tax planning. In addition, he offers detailed retirement planning services for individuals and families. A decade ago, David launched a specialized practice group, the Domestic Partners Network - through the advisory and services of a select group of multi-disciplinary professionals, the DPN offers a comprehensive approach to advising unmarried and same-sex couples, as well as non-traditional families, in the areas of tax compliance, estate and investment planning, insurance and healthcare, immigration and family planning. Mr. Spaulding holds a BA from Binghamton University (NY) and an MFA from Temple University (PA). With nearly thirty years’ experience in taxation, David is an Enrolled Agent, licensed to practice before the Internal Revenue Service and more recently holds certifications as an Accredited Domestic Partnership Advisor (ADPA) Chartered Retirement Planning Counselor (CRPC). He is a member of the National Association of Tax Professionals, the Financial Planning Association and the New York State Society of CPAs. David has served for twenty years as state treasurer and member of the executive board of Common Cause New York. David has also served as treasurer and a member of the board of directors of the Foundation for Small Voices, Luna Stage Company, Peridance Contemporary Dance Company and more recently The Statue Fund.

BAILIE SLEVIN

DAVID SPAULDING