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Decosimo Vaden - Entertainment Services Group
The entertainment industry presents unusual business challenges, and individuals involved in these fields require business professionals who understand their special needs. For peak performance, anyone in a creative discipline must be able to concentrate on his or her talent.
Creative professionals–actors, athletes, musicians, writers, managers, agents, etc.–cannot afford to be distracted by the day-to-day aspects of their lives, including personal, financial and business issues. The experienced and knowledgeable professionals of our Entertainment Services Group can assist immeasurably with these issues, freeing these creative individuals to maintain that essential focus. We understand the special needs and circumstances associated with the entertainment industry and can respond quickly and appropriately.
Box Office Settlements
Because the costs of producing a quality show are constantly increasing, it is essential that the artist receive a fair settlement at the box office. We perform box office audits to ensure that equitable settlements are made according to the terms of the contract. We not only verify ticket sales, but also ensure that all expenses related to the performance are authorized and valid and that all percentages are computed correctly.
Concert Tour Accounting
By working directly with all those involved in road tours, we have learned to deal with the special complexities of a touring musical group. With this knowledge, we have developed a unique system for analysis of receipts and expenses incurred on the road and preparation of budgets for future shows, allowing us to project profits from show operations. The system is easily understandable, does not require extensive time or paperwork, and provides an accurate account for all monies spent and received on the road. Further, by compiling a detailed record of all transactions and providing a simple method for retaining receipts, this system assures our clients of the maximum tax deduction for expenses incurred.
Specialized Accounting Systems
In today’s entertainment industry, an artist or athlete may be involved in a variety of businesses. We have accounting systems that will cover all facets of your operations. Whatever the aspect of business, from office administration to road shows, from publishing operations to souvenir sales, we can develop an accounting system to help you operate efficiently.
Decosimo is an independently owned and operated member firm of both the Moore Stephens North America (MSNA) association of member firms and the Moore Stephens International Limited (MSIL) network of member firms. Neither MSNA nor MSIL provide services to clients. Decosimo is a separate and distinct legal entity, subject to the laws and professional regulations of the jurisdictions in which it operates, and is not authorized to obligate or bind MSNA, MSIL, or any other member firm of MSNA or MSIL. Decosimo is liable only for its own acts or omissions and not those of any other person or entity including MSNA, MSIL and other member firms of MSNA and MSIL.