by Pentacle-nextSteps | Apr 23, 2024 | Choose A Structure
What is a Sole Proprietor? Definition of Sole Proprietor for Those in the Performing Arts A Sole Proprietor is an entity that is not incorporated (as a C-corp, S-corp, or other corporate structure). This includes performing arts entities. As the name implies, sole...
by Pentacle-nextSteps | Apr 23, 2024 | Accounting for the Performing Arts, Budgeting, Financial Resources
Creatives & Credit Creatives & Credit Workshop with Tierra Bonds For artists and creatives looking to build good money habits, this fiscal session teaches you how to reach your credit score goals. Have you ever wondered how credit works and how you can use it...
by Pentacle-nextSteps | Jan 13, 2022 | Accounting for the Performing Arts, For 501(c)3 Arts Orgs, For Arts Administrators, For Individual Performing Artists
Understanding a Balance Sheet What is a Balance Sheet? A Balance Sheet is a financial statement that summarizes the company’s assets, liabilities, and equity at a specific point in time. The Balance Sheet is an essential tool used by organizational leaders, Board of...
by Pentacle-nextSteps | Jan 7, 2022 | Accounting for the Performing Arts, For 501(c)3 Arts Orgs, For Arts Administrators, For Individual Performing Artists
Understanding A Profit and Loss Statement What is a Profit and Loss Statement? A Profit and Loss Statement (P&L) is a financial statement that measures the revenues, costs, and expenses incurred over a specific accounting period. P&Ls reflect an organization’s...
by Pentacle-nextSteps | Aug 20, 2021 | Build Your Startup, For 501(c)3 Arts Orgs, For Arts Administrators, Taxes
Employee vs. Independent Contractor What’s the difference between an employee and an independent contractor? The payment for an independent contractor is performance-based and is determined by the completion of the service they provide while an employee’s...
