Impact of Path Act: Section 181 IRS Code Revisions to Live Theater Productions

On December 18, 2015, Congress passed and President Obama signed the PATH Act of 2015 which included revisions to section 181 of the Internal Revenue Code. One of the revisions was an extension of the film and television rules on expensing production costs for qualified live theatrical productions.  This change in the federal tax code for theatrical production companies is arguably the single biggest legislative change affecting the industry in almost 20 years.  The new law provides opportunities, but it presents challenges as well:  the unique aspects of theater companies can create uncertainties as well as obstacles to implementation.

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#AgenciesGoGlobal on September 29

Regardless of which stage your creative or public relations agency is currently in on its journey toward international growth, the accountants and advisors at Marks Paneth (NYC) and Kingston Smith (London), as well as several special guests from JPMorgan Chase and Pentagram, have the insight you seek. 

We have assembled a high-impact complimentary breakfast seminar, What Agency CFOs Should Keep Top of Mind When Expanding Internationally, to help you uncover the opportunities and challenges the international business landscape has to offer. 

Register here.

Diane Paoletta Joins Marks Paneth as Chief Marketing Officer

We are delighted to welcome Diane Paoletta as our firm's Chief Marketing Officer.

“As we continue on our journey of strategic growth, our marketing pursuits have become equally ambitious—I am confident that Diane’s vision, background and leadership will play a significant role in driving our business forward,” said Harry Moehringer, Managing Partner.

Read the full release here.