Bookkeeping and Accounting for Talent Agents

Searching for a bookkeeper and accountant for your talent agency? We handle your accounting, freeing up your time to focus on finding the next big star. Try us for free.

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How Bench works with talent agents

Elevate your talent agency with top-notch bookkeeping, income tax prep, and filing—handled by experts. Backed by a powerful online platform, Bench syncs with your talent agency's operations seamlessly.

We get you set up

Our team dedicates time to comprehend your talent agency thoroughly, address your concerns, assist in connecting your accounts, and illustrate how Bench works seamlessly for your business.

We do your bookkeeping

Every month, your dedicated bookkeeper organizes all the financial transactions of your talent agency and prepares comprehensive financial statements. If there's need for any additional information from your end, they’ll swiftly establish contact.

We deliver tax-ready financials

Our team of experts are adept at understanding the specific tax regulations for talent agencies and will tailor their strategies to your agency's distinct requirements.

Here’s why talent agents like you trust Bench with their bookkeeping and accounting

Get fast, unlimited support from our expert advisors

Our team will consistently provide you with bookkeeping updates tailored for talent agencies. Need quick answers for urgent inquiries? Rest assured, we guarantee a response within one business day or even sooner.

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screenshot of Bench support app

Guaranteed accuracy in every detail

With Bench Accounting, our platform enables seamless data automation from multiple significant players, mitigating frequent errors. We collaborate with esteemed partners in the industry, such as Gusto, Stripe, Shopify, and Square—ensuring your talent agency's financial records are constantly pinpoint accurate.

See where you’re spending. Make smart decisions

Bid adieu to mountains of contracts and tedious manual tracking—we automate inputs directly from linked accounts. Gain visibility from one comprehensive dashboard so you can effortlessly comprehend the status of your talent agency and make informed decisions.

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Bench integrates with your favorite small business tools

We sync seamlessly with your financial accounts and tools to keep your books up-to-date and save you the time and effort of manually uploading documents.

Trusted by 25,000+ American small business owners

“Bench helped me replace QuickBooks, and save about 6 hours per month of horrible accounting work, which is priceless.”

CHRIS RONZIO

CEO, TRAINUAL
“This is the first year where it’s tax season and I don’t feel anxious one bit.”

DR. BUKKY KOLAWOLE

FOUNDER/EXECUTIVE DIRECTOR, RELATIONSHIP HQ
“Bench has lifted a giant weight off my shoulders and freed up my time so I can focus on earning money and working with clients, meetings and calls.”

HEATHER SHOLL

FOUNDER, THE VILLAGES GYM
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We know bookkeeping for talent agents

Navigating the unique financial challenges of the talent agency industry requires specialized knowledge and experience - both of which Bench excels in. From managing sensitive client information to efficiently processing high numbers of transactions, every facet of talent agency bookkeeping is handled by our dedicated team. They're proficient with the relevant laws and industry-specific tax regulations, such as commission-based income, provision for bad debts, and managing escrow accounts for talents, to name a few.

With Bench, you're not just getting an online bookkeeper; you're getting a partner committed to your business's financial health. We pair our intuitive, state-of-the-art software with real, human bookkeepers who understand the ins and outs of the talent agency industry. Whether it's dealing with revenue recognition from talent contracts, tracking reimbursable expenses, or coping with high seasonality in cash flows, Bench provides a personalized solution that streamlines your agency's financial operations. Our proactive approach helps mitigate any issues before they become problems, ensuring your books are always accurate and up-to-date. With Bench handling your bookkeeping and tax needs, you can focus on what you do best - discovering and nurturing talents.

Simple, straightforward pricing for everything your business needs.

Get bookkeeping, tax prep, advisory, and filing with Bench's powerful, easy-to-use platform.

Choose Plan

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$249/mo

billed annually

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$399/mo

billed annually

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$299/mo

billed monthly

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$499/mo

billed monthly

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Frequently Asked Questions

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How can a bookkeeper ensure I'm accurately tracking income and expenses for my talent agency?

A professional bookkeeper can assiduously track the income and expenses of your talent agency by using advanced accounting software and employing tried-and-tested methods. They can categorize expenses, reconcile bank statements, chart accounts, and manage invoices to accurately track your financial transactions.

Furthermore, they can provide you with detailed financial reports highlighting your agency's income and expenditure trends, ensuring you're always informed about the financial health of your business. If necessary, they can also work with your CPA or tax advisor for more intricate financial planning and analysis. Ultimately, accurate bookkeeping helps mitigate any financial risk, enabling you to make sound financial decisions for your talent agency.

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What kind of bookkeeping services are essential for optimizing my financial management as a talent agent?

As a talent agent, optimal financial management can be achieved through several essential bookkeeping services. These include but are not limited to:

  • Cash flow management: This involves monitoring, analyzing, and adjusting your business's cash flows. It helps you plan for the future and ensure your business remains financially sustainable.
  • Financial reporting: Regular financial reports such as income statements, balance sheets, and cash flow statements provide insights into your business's financial health, helping you make informed decisions.
  • Accounts payable and receivable: Managing monies owed by and to you is crucial in maintaining healthy financial operations.
  • Payroll services: If you have employees, on-time and accurate salary and wage management is important both for employee satisfaction and tax considerations.
  • Tax preparation: Proper handling of tax documents and timely filing reduces the risk of penalties and ensures you take advantage of all possible deductions and credits.

Enlisting professional bookkeepers ensures that these services and more are handled efficiently and accurately, providing you with peace of mind and more time to focus on growing your talent agency.

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How can a bookkeeper help me with tax deductions and revenue splits that are specific to the talent agency industry?

A bookkeeper specifically experienced in the talent agency industry can assist in multiple ways with tax deductions and revenue splits. These professionals understand the unique financial structures, revenue sources, and expenses tied to this industry. So, they can effectively identify eligible tax deductions to maximize your savings during tax season.

In terms of revenue splits, a talent agency bookkeeper knows the standard agreements and percentages for different types of talent, whether they're actors, musicians, or athletes. They can accurately split revenues based on these contracts, ensuring proper payment allocation for both the agency and the talent.

In essence, a bookkeeper's role in a talent agency extends beyond tracking income and expenses. They can potentially save you money with tax deductions and streamline the process of splitting revenue, ultimately improving financial transparency and efficiency for your agency.

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Does Bench outsource bookkeeping?

Nope! All bookkeeping is completed in-house.

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Will I have one point of contact?

Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.

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How much time each month will I have to spend managing my Bench account?

We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.

Bookkeeping Services for Talent agents

Discover how we can help you have better finances with a personalized demo from a Bench expert, ready to answer all your questions. Sign up as a customer today and get a free month of bookkeeping, valued at $299.

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