Financial Advice

Sort by:

  • Advice

    The Top 10 Acting Deductions to Take

    How to be smart about your tax deductions to save some cash and make your money go further.

  • Advice

    Dealing With Receipts

    When putting your tax records together, it's important to take your time. It's not a difficult process, but it requires attention to detail to do it properly.

  • Advice

    Not-So-Happy Returns

    Be vigilant about withholding and deductions errors, which may result in a lower refund.

  • Advice

    10 Ways to Keep More Money In Your Pocket

    You could spend money creating a website of your own, but really, why? If you want to promote a play you're in or show off your headshots and reel, social networking sites like Facebook accomplish it beautifully.

  • Advice

    Ordinary and Necessary Expenses

    When deducting career-related expenses on your tax return, remember that you must have paid or incurred them during the tax year for which you're filing, and they must be "ordinary" and "necessary" in your line of work.

  • Advice

    Day Jobs You Don't Have to Hate

    "I love teaching," declares New York actor Michael Mastro. "It took me a long time to admit that. I used to feel that if I wasn't making the majority of my income from acting, then I was a failure."

  • Advice

    Money Is No Objective

    Back Stage spoke with four performers at different stages of their careers to find out how they make it in New York City.

  • Advice

    Don't Estimate Your Expenses

    The IRS is specifically targeting individuals, such as actors, who use significant amounts of miscellaneous deductions on their return.

  • Advice

    Sole Proprietors and the IRS

    The income on your return should include all of your gross receipts. That's all business income including cash, checks, credit card payments, bartering, and, of course, any 1099s you receive.

  • Advice

    The Wisest Investments You Can Make In Your Career

    When actors think of investments, visions of dollar signs tend to flash before their eyes. Yet, some of the best career moves are less about money and more about critical thinking, savvy strategy, and a willingness to take chances.