Blog - Pentacle NextSteps

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As artists, we have many common goals and challenges. Working together, we can answer questions, provide resources, or simply lend a listening ear. No matter your starting point or stage of the journey, all are welcome here.

Financial Audit Vs. Financial Review

May 1, 2024

Taxes

Key Differences Between a Financial Audit & Financial Review A financial audit and review are two different types of financial assessments conducted by professionals to evaluate the accuracy and...

How to Apply for a Grant Through a Fiscal Sponsor

April 23, 2024

Make the Most of Your Fiscal Sponsor

How to Apply for a Grant Through a Fiscal Sponsor Fiscal Sponsors Help Open Doors To Nonprofit Grants Fiscal Sponsors Give You the Ability to Put Your Work Before More FundersOne of the many...

Running a Crowdfunding Campaign Through a Fiscal Sponsor

April 23, 2024

Individual Donations, Make the Most of Your Fiscal Sponsor

Running a Crowdfunding Campaign Through a Fiscal Sponsor Running a crowdfunding campaign through a fiscal sponsor can be a great way to raise funds for your project. Being able to provide tax...

Renting Studio Space at a Discounted Rate

June 27, 2023

Rehearsal Spaces

How to rent studio spaces for discounted rates Rent Studio Space at a Discounted Rate Fiscal sponsors typically rent studio space at a discounted rate through negotiations and partnerships with...

Workers Classification in the Performing Arts: Why Does It Matter?

May 19, 2022

Taxes

Workers Classification in the Performing Arts: Why Does It Matter? NEXTSTEPS GUEST WRITER: STEFI GEORGE How You Classify Workers Can Make a Big Difference for Workers Compensation and Tax...

Employee versus Independent Contractor

August 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...

Checklist for Processing 1099’s and W2’s

January 14, 2021

Accounting for the Performing Arts, For 501(c)3 Arts Orgs, For Arts Administrators, For Individual Performing Artists, Taxes

Checklist for Processing 1099’s and W2’s End of Year Payroll Tax Forms: W2, 1099 Some of the most important payroll tax forms—W2 and 1099 forms—must be mailed out to your employees and contractors...

NYC Dance Rehearsal Space for Rent

November 30, 2020

Latest Performing Arts Resource Listings, Rehearsal Spaces

NYC Dance Rehearsal Spaces for Rent Below is a comprehensive list of studio rental spaces in NYC. If you know of a space not listed on this page, you may submit a studio rental location to nextSteps...

What is a 501(c)(3) Nonprofit?

November 16, 2020

Accounting for the Performing Arts, Taxes

What is a 501(c)(3) Nonprofit? 501(c)(3) Nonprofit In the arts industry, a common level of incorporation you may come across is a 501(c)3 not-for-profit. Under this incorporation, the nonprofit...