Lets Get Fiscal

Retainers and deposits can feel like found money—until tax season hits and you realize you might be paying taxes on funds that aren't actually yours yet. If you've ever received a production budget in December only to pay it all out in January, or collected deposits for work you haven't performed, this episode is your essential guide to understanding when retainers count as income and how to avoid costly cash flow mistakes.

Anastasia and Myiesha break down the critical differences between refundable and non-refundable deposits, explain cash basis versus accrual basis accounting, and reveal when you might be accidentally paying income tax on money that's earmarked for vendors. You'll learn practical strategies for separating reimbursement funds from service income, discover when it makes sense to change your accounting method or fiscal year, and get actionable tips for managing production budgets, event planning expenses, and interior design client funds without draining your own cash flow.

00:00 Introduction to Retainers and Deposits

00:34 Meet Your Hosts: Myiesha and Anastasia

00:56 Understanding Deposits in the Creative Sector

01:33 Tax Implications of Non-Refundable and Refundable Deposits

04:25 Cash Basis vs. Accrual Basis Accounting

06:01 Deferred Revenue and Seasonal Business Considerations

07:25 Handling Retainers and Income Recognition

12:12 Practical Tips for Managing Deposits and Reimbursements

18:11 Final Thoughts and Viewer Q&A

19:58 Conclusion and Next Steps

Why subscribe? Every week, Let's Get Fiscal shares tax strategies and business finance advice that actually work for real entrepreneurs—not corporate-speak you can't use. You'll get specific, actionable tactics, real client scenarios, and answers to the money questions keeping you up at night. The goal is simple: make business finances less intimidating and more profitable.

🔗 Listen everywhere:

Apple Podcasts: https://podcasts.apple.com/us/podcast/lets-get-fiscal/id1831050448

Spotify: https://open.spotify.com/show/08AjRNfqQJBdG1vPazii4Q?si=fb0379d3bef94f11

Watch on YouTube: https://www.youtube.com/@letsgetfiscalpodcast

📊 Helpful resources:

Got a question for the show? Submit it here: https://www.coterietax.com/qa

Want to listen to more episodes? Start here: https://www.coterietax.com/podcast

Need personalized help with your business finances? Visit: https://www.coterietax.com

What's your biggest tax or money question right now? Drop it in the comments below—Anastasia and Myiesha read every comment and love helping with real-world situations.

#RetainerTax #DepositAccounting #CashBasisAccounting #AccrualAccounting #ProductionBudget #CreativeBusinessTax #DeferredRevenue #BusinessCashFlow #TaxPlanning #LetsGetFiscal #InteriorDesignBusiness #EventPlanningTax

Your accountant should be your business partner, advocate, and financial guide—not a source of stress, confusion, or missed opportunities. But how do you know if your current accountant is truly serving your business or holding you back? Whether you're feeling underserved, overcharged, or just uncertain if it's time for a change, this episode gives you the clarity and confidence to make the right decision.

Anastasia and Myiesha break down the red flags and green flags to look for in an accounting relationship, how to interview potential new accountants, and what questions to ask before making a switch. You'll learn about communication styles, pricing expectations, timing strategies, and how to ensure a smooth transition. Plus, they tackle the guilt and hesitation many entrepreneurs feel about "breaking up" with their accountant—and why it's actually a normal, healthy part of business growth.

00:00 Introduction: The Cost of a Bad Accountant

00:46 Finding the Right Accountant for You

02:28 Challenges in Switching Accountants

06:36 The Industry Shift: From Mom-and-Pop to Corporate

07:31 Interviewing New Accountants: Key Questions to Ask

12:40 Recalibrating Expectations with Your Current Accountant

14:26 Client Relationships and Communication

16:15 Identifying Fair Pricing

18:11 Best Time to Switch Accountants

21:24 Questions to Ask Before Switching Accountants

22:50 Ensuring Smooth Transition

25:05 Adapting to Business Growth

27:06 Conclusion and Contact Information

Why subscribe? Every week, Let's Get Fiscal shares tax strategies and business finance advice that actually work for real entrepreneurs—not corporate-speak you can't use. You'll get specific, actionable tactics, real client scenarios, and answers to the money questions keeping you up at night. The goal is simple: make business finances less intimidating and more profitable.

🔗 Listen everywhere:

Apple Podcasts: https://podcasts.apple.com/us/podcast/lets-get-fiscal/id1831050448

Spotify: https://open.spotify.com/show/08AjRNfqQJBdG1vPazii4Q?si=fb0379d3bef94f11

Watch on YouTube: https://www.youtube.com/@letsgetfiscalpodcast

📊 Helpful resources:

Got a question for the show? Submit it here: https://www.coterietax.com/qa

Want to listen to more episodes? Start here: https://www.coterietax.com/podcast

Need personalized help with your business finances? Visit: https://www.coterietax.com

#AccountantRedFlags #SwitchingAccountants #SmallBusinessTax #CreativeBusinessOwner #TaxPreparer #CPAAdvice #BookkeepingTips #BusinessFinance #EntrepreneurTips #LetsGetFiscal #TaxPlanning #AccountingServices

Hairdressers often fear leaving a commission-based salon for chair rental, but financially the shift can be life-changing. Most stylists earning 40% commission don't realize they're actually taking home closer to 30% after taxes and withholdings. When you rent a chair and go independent as a 1099 contractor, you keep 100% of your revenue—and even after paying for supplies, taxes, and your own benefits, you typically earn significantly more while gaining complete control over your schedule, pricing, and client base.

In this episode, CPAs Anastasia and Myiesha break down the real financial math behind going independent as a hairdresser. You'll learn exactly how W2 commission structures compare to 1099 chair rental, how to manage multiple income streams (cash, Venmo, Zelle, Square), the critical deductions most stylists miss, and why the fear of going independent is often based on misconceptions. Whether you're currently working on commission or considering renting a chair, this episode gives you the numbers and strategies you need to make an informed decision about your financial future.

If you're tired of hitting an income ceiling or wondering if going independent is worth the risk, this episode delivers the clarity and action steps you need to confidently make the leap.

⏱️ Timestamps:

00:00 Introduction to Going Independent

00:54 Types of Employment for Hairdressers

01:30 Pros and Cons of W2 vs. 1099

03:24 Financial Management Tips for Independent Hairdressers

04:34 Handling Income and Taxes

08:43 Additional Business Considerations

10:05 Freelancing vs. W2 Employment: Pros and Cons

10:31 Control Over Income and Work Hours

11:37 Long-Term Value and Career Growth

12:31 Making the Decision to Go Freelance

13:33 Financial Management Tips for Freelancers

15:21 Handling Tips and Gratuity

15:53 Commonly Missed Deductions

17:26 Overcoming the Fear of Going Freelance

18:03 The Importance of Professional Guidance

20:26 Final Thoughts and Encouragement

Why subscribe? Every week, Let's Get Fiscal shares tax strategies and business finance advice that actually work for real entrepreneurs—not corporate-speak you can't use. You'll get specific, actionable tactics, real client scenarios, and answers to the money questions keeping you up at night. The goal is simple: make business finances less intimidating and more profitable.

🔗 Listen everywhere:

Apple Podcasts: https://podcasts.apple.com/us/podcast/lets-get-fiscal/id1831050448

Spotify: https://open.spotify.com/show/08AjRNfqQJBdG1vPazii4Q?si=fb0379d3bef94f11

Watch on YouTube: https://www.youtube.com/@letsgetfiscalpodcast

📊 Helpful resources:

Got a question for the show? Submit it here: https://www.coterietax.com/qa

Want to listen to more episodes? Start here: https://www.coterietax.com/podcast

Need personalized help with your business finances? Visit: https://www.coterietax.com

Most S-Corp owners in New York City don't realize they owe a completely separate city-level corporation tax—and it's costing them thousands. The NYC General Corporation Tax hits at 8.9% of your profit, requires quarterly estimated payments, and comes with massive late fees if you miss them. If you're running an S-Corp in one of the five boroughs and your tax preparer hasn't mentioned this, you could be facing a surprise \$6,000+ tax bill with penalties.

In this episode, CPAs Anastasia and Myiesha break down the NYC General Corporation Tax that catches creative entrepreneurs off guard every year. You'll learn exactly how this tax works, why single-member LLCs don't pay it, how to calculate whether an S-Corp still makes sense with this additional 8.9% burden, and the critical quarterly deadlines you cannot miss. Whether you're already an S-Corp in NYC or considering the switch, this episode gives you the numbers and strategy you need to make informed decisions and avoid costly surprises.

If you're tired of discovering new tax obligations after it's too late, or if you're weighing whether an S-Corp makes financial sense in New York City, this episode delivers the clarity and action steps you need right now.

⏱️ Timestamps:

00:00 Introduction to NYC General Corporation Tax

00:36 Meet Your Hosts: Aisha and Anastasia

01:01 Understanding S-Corporation Tax Nuances

01:34 NYC General Corporation Tax Explained

04:10 Comparing Tax Implications: S-Corp vs. LLC

08:55 Practical Tips for Managing NYC Taxes

12:45 Final Thoughts and Professional Advice

20:10 Conclusion and Contact Information

Why subscribe? Every week, Let's Get Fiscal shares tax strategies and business finance advice that actually work for real entrepreneurs—not corporate-speak you can't use. You'll get specific, actionable tactics, real client scenarios, and answers to the money questions keeping you up at night. The goal is simple: make business finances less intimidating and more profitable.

🔗 Listen everywhere:

Apple Podcasts: https://podcasts.apple.com/us/podcast/lets-get-fiscal/id1831050448

Spotify: https://open.spotify.com/show/08AjRNfqQJBdG1vPazii4Q?si=fb0379d3bef94f11

Watch on YouTube: https://www.youtube.com/@letsgetfiscalpodcast

📊 Helpful resources:

Got a question for the show? Submit it here: https://www.coterietax.com/qa

Want to listen to more episodes? Start here: https://www.coterietax.com/podcast

Need personalized help with your business finances? Visit: https://www.coterietax.com

What's your biggest tax or money question right now? Drop it in the comments below—Anastasia and Myiesha read every comment and love helping with real-world situations.

#NYCBusinessTaxes #SCorpTaxes #NewYorkCityTaxes #GeneralCorporationTax #SmallBusinessTaxes #NYCEntrepreneur #SCorpStrategy #BusinessTaxPlanning #CreativeBusinessTaxes #NYCBusinessOwner #LetsGetFiscal #TaxSurprises

If you're a creative business owner in New York with an S-Corp or partnership, you could be leaving thousands of dollars on the table every year. New York's Pass-Through Entity Tax (PTET) is a powerful but underutilized strategy that converts your state income taxes into federal deductions—but only if you understand the rules and deadlines. Miss the March 15th election deadline, and you're locked out for the entire year, no exceptions.

In this episode, CPAs Anastasia and Myiesha break down exactly how New York's PTET works, who should opt in, and the critical mistakes that cost business owners real money. You'll learn what pass-through entities are, why the SALT cap created this opportunity, how to calculate and make quarterly payments, and what's changing in 2026 with new federal limitations. Whether you're earning \$50,000 in profit or \$500,000, this episode gives you the roadmap to turn your state tax payments into valuable federal deductions.

If you're tired of paying more in taxes than you need to, or if you've heard about PTET but don't know if it applies to you, this episode delivers the clarity and action steps you need before the deadline hits.

⏱️ Timestamps:

00:00 Introduction to New York's Pass Through Entity Tax

00:51 Understanding Pass Through Entities

02:21 The SALT Cap and Its Implications

05:13 Eligibility and Election Deadlines

08:29 Quarterly Estimated Payments

12:02 Real-Life Examples and Practical Tips

16:10 Upcoming Changes and Final Tips

18:44 Conclusion and Contact Information

Why subscribe? Every week, Let's Get Fiscal shares tax strategies and business finance advice that actually work for real entrepreneurs—not corporate-speak you can't use. You'll get specific, actionable tactics, real client scenarios, and answers to the money questions keeping you up at night. The goal is simple: make business finances less intimidating and more profitable.

🔗 Listen everywhere:

Apple Podcasts: https://podcasts.apple.com/us/podcast/lets-get-fiscal/id1831050448

Spotify: https://open.spotify.com/show/08AjRNfqQJBdG1vPazii4Q?si=fb0379d3bef94f11

Watch on YouTube: https://www.youtube.com/@letsgetfiscalpodcast

📊 Helpful resources:

Got a question for the show? Submit it here: https://www.coterietax.com/qa

Want to listen to more episodes? Start here: https://www.coterietax.com/podcast

Need personalized help with your business finances? Visit: https://www.coterietax.com

What's your biggest tax or money question right now? Drop it in the comments below—Anastasia and Myiesha read every comment and love helping with real-world situations.

#PassThroughEntityTax #NYStateTaxes #PTETStrategy #SCorpTaxes #SmallBusinessTaxes #NewYorkBusinessTaxes #SALTCap #TaxDeductions #EntrepreneurTaxes #CreativeBusinessTaxes #LetsGetFiscal #TaxPlanning

If you live or work in Los Angeles, there's a city business tax you might not know about—and ignoring it could cost you hundreds (or thousands) in penalties. The catch? Most creatives qualify for a massive exemption if they file on time. Miss the deadline by even one day, and you'll owe taxes you could have avoided entirely.

In this episode, CPAs Anastasia Aiello and Myiesha Fisher break down everything LA-based creatives need to know about the City of LA Business Tax. You'll learn who has to file (hint: working in LA for just 3 days triggers it), how the \$300,000 creative exemption works, why your zip code might not determine if you owe this tax, and the critical February 28th deadline that makes or breaks your exemption. Whether you're a photographer, director, writer, or any other creative professional, this episode gives you the exact steps to stay compliant without overpaying.

⏱️ Timestamps:

00:00 Introduction to LA Business Tax

00:54 Understanding the LA Tax Filing Requirement

03:08 Filing on Time and Avoiding Penalties

06:08 Creative Exemptions and Income Thresholds

07:30 Account Setup and Reporting

09:26 Special Cases and Exemptions

11:52 Understanding Income Categories

12:07 Navigating the Website

12:30 Exemptions and Worldwide Income

13:21 Classification and Subcategories

14:03 Filing and Deadlines

14:32 City of LA's Support System

16:55 Steps for New Business Owners

20:05 Compliance Health Check

20:33 Conclusion and Contact Information

Why subscribe? Every week, Let's Get Fiscal shares tax strategies and business finance advice that actually work for real entrepreneurs—not corporate-speak you can't use. You'll get specific, actionable tactics, real client scenarios, and answers to the money questions keeping you up at night. The goal is simple: make business finances less intimidating and more profitable.

🔗 Listen everywhere:

Apple Podcasts: https://podcasts.apple.com/us/podcast/lets-get-fiscal/id1831050448

Spotify: https://open.spotify.com/show/08AjRNfqQJBdG1vPazii4Q?si=fb0379d3bef94f11

Watch on YouTube: https://www.youtube.com/@letsgetfiscalpodcast

📊 Helpful resources:

Got a question for the show? Submit it here: https://www.coterietax.com/qa

Want to listen to more episodes? Start here: https://www.coterietax.com/podcast

Need personalized help with your business finances? Visit: https://www.coterietax.com

What's your biggest tax or money question right now? Drop it in the comments below—Anastasia and Myiesha read every comment and love helping with real-world situations.

#LABusinessTax #LosAngelesTax #CreativeExemption #LACreatives #SmallBusinessTaxes #CityOfLA #FreelancerTaxes #PhotographerTaxes #DirectorTaxes #WriterTaxes #CreativeBusiness #LetsGetFiscal

If tax season always turns into a frustrating back-and-forth with your CPA, it’s usually not because your accountant is slow—it’s because key documents are missing. In this episode, CPAs Anastasia Aiello and Myiesha Fisher break down the *exact* information and paperwork creatives need to provide so your return can be filed quickly, accurately, and without unnecessary fees.

You’ll learn why certain forms (like the 1095-A from the health insurance marketplace) can *instantly* block e-filing, why your bookkeeping and balance sheet matter (especially for S-Corps), and how to avoid common gaps like missing 1099s, K-1s, and documentation for large purchases. If you want your taxes filed on time with fewer surprises, this is your checklist.

⏱️ Timestamps:

00:00 Introduction: Essential Documents for Creatives

00:34 Meet Your Hosts: Anastasia and Maisha

00:52 Key Information Your CPA Needs

02:21 Understanding the 1095-A Form

03:50 Importance of Financial Statements

04:29 Reconciling Bank Accounts

07:39 Prior Year Tax Returns and Other Documents

11:09 Daycare Expenses and Tax Deductions

11:30 Life Changes and Tax Implications

12:03 Detailed Information Needed for Tax Preparation

13:04 Address Changes and Home Office Deductions

14:01 Reviewing and Comparing Tax Returns

15:54 Documenting Large Purchases and Equipment

17:28 Handling K-1 Forms and Business Partnerships

18:46 Importance of Timely and Accurate Information

21:28 Major Life Events and Insurance Changes

22:04 Final Tips and Contact Information

Why subscribe? Every week, Let's Get Fiscal shares tax strategies and business finance advice that actually work for real entrepreneurs—not corporate-speak you can't use. You'll get specific, actionable tactics, real client scenarios, and answers to the money questions keeping you up at night. The goal is simple: make business finances less intimidating and more profitable.

🔗 Listen everywhere:

Apple Podcasts: [https://podcasts.apple.com/us/podcast/lets-get-fiscal/id1831050448](https://podcasts.apple.com/us/podcast/lets-get-fiscal/id1831050448)

Spotify: [https://open.spotify.com/show/08AjRNfqQJBdG1vPazii4Q?si=fb0379d3bef94f11](https://open.spotify.com/show/08AjRNfqQJBdG1vPazii4Q?si=fb0379d3bef94f11)

Watch on YouTube: [https://www.youtube.com/@letsgetfiscalpodcast](https://www.youtube.com/@letsgetfiscalpodcast)

📊 Helpful resources:

Got a question for the show? Submit it here: [https://www.coterietax.com/qa](https://www.coterietax.com/qa)

Want to listen to more episodes? Start here: [https://www.coterietax.com/podcast](https://www.coterietax.com/podcast)

Need personalized help with your business finances? Visit: [https://www.coterietax.com](https://www.coterietax.com)

What's your biggest tax or money question right now? Drop it in the comments below—Anastasia and Myiesha read every comment and love helping with real-world situations.

#SmallBusinessTaxes #TaxPrepChecklist #TaxSeasonTips #CreativeEntrepreneur #SelfEmployedTaxes #CPAAdvice #BookkeepingTips #1095A #1099 #SCorp #TaxWriteOffs #LetsGetFiscal

Most creatives file their taxes without a plan, which is why they end up stressed, surprised by their tax bill, or overpaying because they missed key opportunities. The problem isn't that tax planning is complicated—it's that most entrepreneurs don't have a simple system to stay on track all year long. That's where the one-page plan comes in.

In this episode, Anastasia and Myiesha walk you through how to build a simple, actionable one-page tax plan that covers everything you need: quarterly estimated payment dates, your projected tax liability, savings goals for retirement, payroll schedules if you're an S-Corp, and the strategic moves you need to make throughout the year. You'll learn why setting your intention at the start of the year is the most powerful financial decision you can make, how to budget when your income fluctuates wildly, and why your tax return should be a summary of work you've already done—not a last-minute scramble. Whether you juggle multiple income streams or struggle with knowing how much to set aside, this episode gives you the roadmap to take control of your finances so you're never caught off guard again.

⏱️ Timestamps:

00:00 Introduction to Tax Planning for Creatives

00:35 Meet Your Hosts: Maisha and Anastasia

00:52 Creating an Annual Forecast

01:10 Understanding the One Page Plan

01:52 Key Components of the Plan

03:31 Tax Strategies and Obligations

08:21 Handling Multiple Income Streams

12:43 Budgeting for Fluctuating Income

15:07 Setting Goals and Intentions

18:26 The Importance of Regular Check-ins

19:37 Conclusion and Contact Information

Why subscribe? Every week, Let's Get Fiscal shares tax strategies and business finance advice that actually work for real entrepreneurs—not corporate-speak you can't use. You'll get specific, actionable tactics, real client scenarios, and answers to the money questions keeping you up at night. The goal is simple: make business finances less intimidating and more profitable.

🔗 Listen everywhere:

Apple Podcasts: [https://podcasts.apple.com/us/podcast/lets-get-fiscal/id1831050448](https://podcasts.apple.com/us/podcast/lets-get-fiscal/id1831050448)

Spotify: [https://open.spotify.com/show/08AjRNfqQJBdG1vPazii4Q?si=fb0379d3bef94f11](https://open.spotify.com/show/08AjRNfqQJBdG1vPazii4Q?si=fb0379d3bef94f11)

Watch on YouTube: [https://www.youtube.com/@letsgetfiscalpodcast](https://www.youtube.com/@letsgetfiscalpodcast)

📊 Helpful resources:

Got a question for the show? Submit it here: [https://www.coterietax.com/qa](https://www.coterietax.com/qa)

Want to listen to more episodes? Start here: [https://www.coterietax.com/podcast](https://www.coterietax.com/podcast)

Need personalized help with your business finances? Visit: [https://www.coterietax.com](https://www.coterietax.com)

What's your biggest tax or money question right now? Drop it in the comments below—Anastasia and Myiesha read every comment and love helping with real-world situations.

#TaxPlanning #CreativeBusiness #SmallBusinessTaxes #QuarterlyTaxes #TaxStrategy #EntrepreneurFinances #BusinessBudgeting #SelfEmployedTaxes #SCorpTaxes #FreelancerTaxes #OnePagePlan #LetsGetFiscal

EP35 - IRS Payment Plans Explained: What to Do When You Can't Pay Your Taxes

Opening your tax bill and realizing you can't pay the full amount is terrifying. Your mind immediately jumps to worst-case scenarios: wage garnishments, liens, losing your passport. But here's what most people don't know: the IRS has multiple payment solutions designed specifically for this situation, and some of them are completely free if you act quickly.

In this episode, CPAs Anastasia and Myiesha walk through every IRS payment option from best to worst, so you know exactly what to do when you owe more than you can pay. You'll learn why filing your return is still critical even without payment, how to get a free six-month extension by making one phone call, the difference between short-term and long-term installment plans, when the IRS will accept less than you owe through an Offer in Compromise, and how to use penalty abatement to knock thousands off your bill. Whether you owe \$2,000 or \$50,000, this episode gives you the roadmap to handle it strategically and avoid the IRS's harshest collection actions.

If you're facing a tax bill you can't afford, or if you've been avoiding filing because you know you owe, this episode shows you the pathway forward—no judgment, just practical solutions.

⏱️ Timestamps:

00:00 Introduction to IRS Payment Solutions

00:33 Meet Your Hosts: Maisha and Anastasia

00:52 Understanding Tax Liabilities and Filing

07:34 Options for Managing Tax Payments

10:49 Setting Up IRS Installment Plans

13:39 Understanding IRS Payment Plans

14:14 Calculating Monthly Payments

15:08 Offer in Compromise Explained

17:36 Penalty Abatement and Other Strategies

18:06 Saving for Taxes Effectively

21:19 Importance of Filing Returns

22:00 Seeking Professional Help

24:33 Final Thoughts and Encouragement

Why subscribe? Every week, Let's Get Fiscal shares tax strategies and business finance advice that actually work for real entrepreneurs—not corporate-speak you can't use. You'll get specific, actionable tactics, real client scenarios, and answers to the money questions keeping you up at night. The goal is simple: make business finances less intimidating and more profitable.

🔗 Listen everywhere:

Apple Podcasts: [https://podcasts.apple.com/us/podcast/lets-get-fiscal/id1831050448](https://podcasts.apple.com/us/podcast/lets-get-fiscal/id1831050448)

Spotify: [https://open.spotify.com/show/08AjRNfqQJBdG1vPazii4Q?si=fb0379d3bef94f11](https://open.spotify.com/show/08AjRNfqQJBdG1vPazii4Q?si=fb0379d3bef94f11)

Watch on YouTube: [https://www.youtube.com/@letsgetfiscalpodcast](https://www.youtube.com/@letsgetfiscalpodcast)

📊 Helpful resources:

Got a question for the show? Submit it here: [https://www.coterietax.com/qa](https://www.coterietax.com/qa)

Want to listen to more episodes? Start here: [https://www.coterietax.com/podcast](https://www.coterietax.com/podcast)

Need personalized help with your business finances? Visit: [https://www.coterietax.com](https://www.coterietax.com)

What's your biggest tax or money question right now? Drop it in the comments below—Anastasia and Myiesha read every comment and love helping with real-world situations.

#IRSPaymentPlan #TaxDebt #OweTaxes #IRSInstallmentPlan #TaxPaymentOptions #OfferInCompromise #PenaltyAbatement #CantPayTaxes #IRSDebt #TaxResolution #SmallBusinessTaxes #LetsGetFiscal

EP34 - Cross-State Taxes for Creatives: How to Avoid Double Taxation

If you've ever taken a gig in another state, shot a project across state lines, or toured through multiple cities, you've probably triggered tax obligations you didn't even know existed. Most creative entrepreneurs assume taxes are simple: file where you live, and you're done. But the reality is far more complex. Every state has different rules about when you owe them taxes, and if you're not careful, you could end up paying taxes on the same income twice—or worse, facing penalties for not filing returns you didn't know you needed.

In this episode, CPAs Anastasia and Myiesha break down exactly what happens to your taxes when you cross state lines for work. You'll learn how income nexus works for creative businesses, when you're required to file non-resident tax returns, how to handle per diem versus actual expense reporting, what documentation you need to protect yourself, and how to make sure you're only paying taxes once on the same income. Whether you're a touring musician, a traveling photographer, a remote videographer, or any creative who works in multiple locations, this episode gives you the roadmap to stay compliant without overpaying.

If you've ever wondered whether that one-day shoot in another state means you owe taxes there, or if you're confused about how to track income and expenses across multiple locations, this episode will finally give you clarity.

⏱️ Timestamps:

00:00 Introduction to Cross-State Taxation for Creatives

00:13 Meet Your Hosts: Anastasia and Danielle

00:55 Understanding State Tax Rules for Nomadic Creatives

02:29 Income Nexus and Tax Responsibilities

08:01 Navigating Per Diem and Expense Reporting

11:15 Filing Non-Resident Tax Returns

13:07 Record Keeping and Working with Tax Accountants

19:33 Conclusion and Final Tips

Why subscribe? Every week, Let's Get Fiscal shares tax strategies and business finance advice that actually work for real entrepreneurs—not corporate-speak you can't use. You'll get specific, actionable tactics, real client scenarios, and answers to the money questions keeping you up at night. The goal is simple: make business finances less intimidating and more profitable.

🔗 Listen everywhere:

Apple Podcasts: [https://podcasts.apple.com/us/podcast/lets-get-fiscal/id1831050448](https://podcasts.apple.com/us/podcast/lets-get-fiscal/id1831050448)

Spotify: [https://open.spotify.com/show/08AjRNfqQJBdG1vPazii4Q?si=fb0379d3bef94f11](https://open.spotify.com/show/08AjRNfqQJBdG1vPazii4Q?si=fb0379d3bef94f11)

Watch on YouTube: [https://www.youtube.com/@letsgetfiscalpodcast](https://www.youtube.com/@letsgetfiscalpodcast)

📊 Helpful resources:

Got a question for the show? Submit it here: [https://www.coterietax.com/qa](https://www.coterietax.com/qa)

Want to listen to more episodes? Start here: [https://www.coterietax.com/podcast](https://www.coterietax.com/podcast)

Need personalized help with your business finances? Visit: [https://www.coterietax.com](https://www.coterietax.com)

What's your biggest tax or money question right now? Drop it in the comments below—Anastasia and Myiesha read every comment and love helping with real-world situations.

#CrossStateTaxes #MultiStateTaxes #CreativeBusiness #TouringMusician #TravelingPhotographer #NonResidentTaxes #DoubleTaxation #StateTaxes #FreelancerTaxes #RemoteWork #SmallBusinessTaxes #LetsGetFiscal