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Barry\\\\\\\\\\\\'s Accounting Services, Corp.
1852 Flatbush Avenue - 2nd Floor
Brooklyn, New York 11210
(718) 677-4006
Client Update - quarterly newsletter




Professional Tax Preparation Service; and

CFO Service for Actors and Actresses 

in The Movie/Film Industry.


"Today is your day"-Dr. Seuss.

"Make my day" - Clint Eastwood.


Acting & Modeling Jobs


Tel # (702) 553-2700 and (800) 934-0000.


Tel# (917) 900-9072.

*Creative Artist Agency

Tel #(424) 288-2000


***If you wish to hire Household Workers for your Mansion or Private Residence, log on to:-HouseholdStaffing.com and Maids.com.

***If you wish to hire Private Security Protection for any occassion, log on to:-FastGuardService.com.

**NOTE:-Bergdorf Goodman, N.Y. Store got the BAG, Jewelry & Accessories at discount price. Ask for Ms. Pierre(Saint Laurent, Loewe, Prada, Tom Ford, Valentino, Balenciaga, Givenchy, Dolce & Gabbana, Bottega Veneta, etc.).

Lets get to the specifics!!

We prepare and file PRESENT and PRIOR Years Tax Returns. Please get our APPROVAL first, then send us a copy of your Corporation or LLC TRIAL BALANCE in the General Ledger (Income, Expenses, and Balance Sheet Information); and we will prepare your Business Tax Return within 2 to 5 days. Time management is VERY important to us. Call us when you are READY to do business with us.

"Our CONTINUALLY Updated Tax DATABASE contains over 1,000 Tax strategies that are unique to your industry. It enables us to use the BEST Tax-efficient structure that will MINIMIZE your Tax Liability; and MAXIMIZE your Cash-Flow and Disposable income. We will answer the difficult questions, Prepare and File your Tax Returns, Deliver exceptional results; and keep you smiling!"

File your Tax Return early and avoid paying a Late Filing Penalty of $200 to the IRS and $200 to the State Per Month. File extension individual Form 4868 and/or Corporation Form 7004 on IRS.gov. You can call the IRS (800) 829-1040 from 7am Eastern Standard Time.

The Minimum fee to prepare an Individual Tax Return is $400; and a Business or Self-employed Tax Return is $1,275.00. The fee is Tax Deductible. In addition, it is an INVESTMENT you made to MINIMIZE your Tax Liability, keep more Working Capital in your Bank Account; and improve your business Credit worthiness and Valuation with your Stakeholders (Bank, Creditors, etc). PLUS, you are in Capable Hands because we are proficient at managing expectations and we have a Proven and Verifiable Track Record. Hence, you get Exceptional Results and Peace-of-mind; and you have nothing to lose. Testimonials tthat we received during our annual clients survey are overwhelmingly impressive.

Our methodology is factually-deep and result oriented. We thoroughly analyze the details our clients give us along-side our annual compiled list of Tax Breaks from the changes in the Tax Laws:- (Credits, Deductions, Exclusions, Exemptions, Deferrals, Carryforwards, etc). 

Tax Codes we use:-(IRC Sections):-1, 2, 55, 61, 63, 67, 61, 108, 162, 167, 169, 170, 179, 195, 108, 199A, 212, 263-269, 274, 280, 351, 441-469, 761, 911, 945-948, 1079,  1211, 6013, 6015, 6017, 6072, 6713, 7703, etc., Plus IRS 48 hours of Mandatory Annual Continuing Education. You can read for FREE Chapter 2, pages 11-20 in my best selling book, "Sweet Success" by Clemson Barry on Amazon.

Tax Research Companies we use:- Thompson Reuters; Prentice-Hall; CCH, RIA, BNA, and WG&L. They are the best/legendary, and they are use by IRS Auditors. Hence, you are in capable hands with us.


What We Bring To The Table

We are specialized in your industry; and you will benefit tremendously from our expertise in SIX other industries that we are specialized in (Real-Estate, Fashion, Music, Hospitality, Transportation, and Insurance). Hence, you can consider us your One-Stop Shop. We will make every regulatory Tax Loophole, Credit, Deduction, Exemption and Exclusion in the new tax laws work for you. You may be qualified to deduct numerous Job related expenses, Foreign earned income exclusion, Foreign tax credit, Per Diems, etc. Every year we compile a list of qualified job/business related expenses to ensure new and important deductions and credits are not overlooked. You will benefit tremendously from them. 

If you didnt file your tax return(s); or if you owe taxes or have a tax problem with the IRS/IRD, we will prepare your tax returns and help you resolve U.S and Overseas tax problems/disputes.

We will ensure that your royalties/earnings/revenues from multiple income streams (acting, modelling, appearances, publishing, etc) are timely received and properly accounted for; and we will monitor your investments performances (Real-estate, business, franchise, stocks, bonds, etc). You will have peace-of-mind and a BIG smile on your face. You have a lot of work to get done. Lets start today!!


Question:- I am an actress. I own two beauty salons and a clothing line. Would you be able to help me take advantage of all the tax breaks without getting me in trouble with the IRS and State? - N. Ferrera, CA.

Answer:- I can certainly help you. That is my forte/specialty. I fully understand your concern. You need a Tax-Accountant who has "Industry-Specific" knowledge about the operations of all three industries (Film, Beauty and Fashion) because each industry has its own unique tax deductions and tax credit rules. I am laser-focus and tenacious. You have a lot of work to get done. Lets start today!!


My best selling book, "Sweet Success." by Clemson Barry is on Amazon.


Services We Provide for Actors and Actresses 

*Compensation Forecasting/Projections.(Including the Tax Aspects of Marriage, Separate, and Divorce).

*Review Employment Contracts (for Tax Planning purposes) and save you millions of dollars in expense deductions and taxes.

*Multi-state and Foreign Tax Preparation.(Foreign income exclusion & Foreign tax credit).

*Business, Real-Estate, and Franchise Advisory.(Buying, Leasing & Selling).

*Investment and Retirement Planning (Risk management and preparation for unforeseen contingencies).

*Public Relations Planning and Implementation (Building, Protecting, Preserving  your image and career).

*IRS/IRD, States, and Foreign Tax Problem Resolution:-(Tax Clearance; VAT; Payroll tax audit; Delinquent tax returns; Failure to reply to IRS & State notices; Collection & appeal; Omission of income; Wage garnishment; Delinquent on child support payments; Default on student loan payments; Innocent spouse forgiveness; Penaly abatement; Tax refunds seized; etc).


Job Related Tax Tips

#1)This year, the New Federal Administration will increase Corporation Tax Rate from 21% to 28%; and Tax Foreign Profits at 21%. Individual Tax Rate will be as high as 39.6%. Be Prepared!!

#2) If you rent your Private Residence or Vacation Home to a Movie/Film Company for less than 14-days during the year, the rental income you received is Tax Free.


Industry Related Knowledge

We have taken film courses/classes at NYU and USC that complement our business acumen; and we have done extensive research and learned from seasoned actors and actresses with a long and distinguished acting career and over 100 credits to their name. We have obtained "Industry-specific" knowledge from the American Guild of Variety Artists, and the Actors Equity Association that represents over 49,000 Actors and Stage Managers.


What we want from Actors & Actresses

  1. Your Cell Phone number and E-mail address for quick communication.
  2. A paper copy of the last tax return you filed.
  3. Your Business Gross Income and expenses if you have a Corporation or LLC.
  4. Your Forms W2 and 1099 if you are an employee or freelancer. Your mortgage interest and real estate tax if you own a private home and a vacation home; and Rent received, mortgage interest, real estate tax and expenses for each rental property you own.
  5. Forms 1099 from your banks and stock brokers (Dividends, Interest Income, purchase of stock, sales of stocks, etc....).
  6. A copy of your Driver\\\\\\\\\\\\'s license or State ID. (Starting in 2016, the IRS required the information be included on your tax return).-IRS (800) 829-1040 from 7am EST.
  7. Form 1095-A, 1095-B or 1095-C from your employer or union to show that you had Medical/Health insurance during the year. The information on the form would be included on your tax return to stop the IRS from charging you a penalty.
  8. Job related expenses you incurred that were not reimbursed to you. You may be qualified to deduct all Per Diem expenses and Foreign Tax Credit in accordance with the tax codes. We can help you benefit from that.
  9. Your Credit Card or Bank Account Information to pay for the service
  11. If you Own a Private Home, Vacation Home, or Time Share, We need the Mortgage Interest; Real Estate Tax; School Tax; Town Tax; Community Tax; Village Tax; Sales Tax you paid for Boat and Automobiles; and Home Qwners Association(HOA) dues you paid on each property during the year.
  13. If you own a Condo or Co-op., we need the Mortgage Interest you paid your bank; PLUS the Letter/Statement you received from you Condo Board or Co-op Association that shows the number of shares you own(Co-op) and the Mortgage Interest and Real Estate Tax you pay from the maintenance fees you paid during the year.
    14. If you own Rental Property, we need the Rent you collect from each property;  PLUS an Analysis of expenses you paid to operate/maintain each property during the year.

NOTE:- Some of our clients Fax us their documents. Most of them send us their documents by UPS, FedX, DHL and the Post Ofice. Clients must communicate with us and receive our approval before sending information to us.


Overview Of A Low Budget Film
Films that have been produced on small budgets have become blockbusters and strike gold at the box office. More than 560 movies earned over $18 billion at the box office in 2005, including $9.6 billion from international distributors.

In April 2008, the movie "Prom Night" (directed by Nelson McCormick; and star by Brittany Snow, Scott Porter and Jessica Stroup) was released on a weekend to coincide with the upcoming prom season.The film cost $20 million to produce. It had resonated strongly with its targeted teenage audience and it Gross $20.8 million during the opening weekend. It finally Gross $43.8 million in the USA, and $57 million worldwide.

***"Prom Night", a memorable blockbuster and low budget film, has set the aesthetic for many movies that followed. (Low budget, interesting, and memorable content coupled with talented Actors & Actresses; and the raw talent, creative ideas, and strong/great efforts of a low budget film maker).


Film/movie Revenue

Ticket sales:
Ancillary sales:
*Network TV licenses
*Foreign TV

Film/Movie Floor Plan/Chart

Post-production: (editing, scoring, titles, credits, dubbing, special effects, & sound tracks)
Principal photography: above-the-line (actors, directors, producers, & writers)
  below-the-line (sound stage, wardrobe, set construction, & labor)
Pre-production: (script development, set design, casting, crew selection, costume design, & location scouting)
Story rights acquisition: (concepts, books, & screenplays)


Film/Movie short-list of expenses

  • Legal & accounting
  • Tax consultation & preparation
  • Script & score cards
  • Agent, producers, & casting director
  • Cast, crew, & extras
  • Photographers
  • Engineers (stage, light, sound, etc.)
  • Music reproduction license/contract
  • Marketing, distributors, & exhibitors
  • Transportation (air, trucks, & buses)
  • Stagehands & bellhops
  • Bond & medical insurance
  • Equipment, maintenance, & repairs
  • Lodging (house, motel, campers/tents)
  • Heaters
  • Meals
  • Tips backstage (doormen, porters, bellhops, dressers, etc....)

Click here for "The Entertainment Industry"