If you are a Screen Actors Guild member, listen to Aziz, Diddy, and me. Well, me. Here is the spot we did for Ciroc Vodka.
If you aren’t in SAG, does this apply to your profession? It could save you $15,000 a year.
Did you know that it’s possible to move SAG earnings to qualify for health insurance coverage? ‘Tis true!
Another thing on my annual To Do list, besides Learn Chisanbop, Perfect the Didgeridoo, and Check for Unclaimed Funds, is Update my “Here’s My Stuff” file. That file contains the most up-to-date instructions for those who are left to sort out my business, informing them just where my business is.
Will you have money coming in after you are gone? Will you tell your heirs about that or hope they will magically know to how and where to chase down your funds?
Actors still get residuals even after we have been wrapped from Life. In my “Here’s My Stuff” file, I also updated my agents’ info and who to call at my unions if my heirs have questions about Seinfeld and Coyote Ugly checks.
One easy way to track all of your money related accounts in one place, is by using the free program Mint.com. It will put all of your accounts and up-to-date balances for Banks, Credit Cards, Stocks & IRAs at Brokerage Houses, Loans and Real Estate in one place. Learn how it works.
SAG tip: Hey “Show-Folk”. You can thank Reader Rona for this. Flash your Screen Actors Guild card for discounts at a slew of places. Some eye-catchers: 20% off Burke Williams Spas, 15% off AT&T and 20% off Restaurants – including the top-heavy, orange-shorted fine dining establishment Hooters!! Sign in to SAG.org then click here to see the offers.
The City tip: This is a reminder that if you received money via 1099 (not W2 income), The City of Los Angeles wants a taste. You can have up to $300K in 1099 earnings and have all of that money avoid the tax via the Creative Artist Exemption. Here’s the catch: You have to sign up for it every year to get it every year. Otherwise, you owe this tax!! Being Leap Year, you have through February 29th to register. Watch my video about it from last year:
Click here to read more about the $300K Creative Artist Exemption or talk to your accountant.
> Check out Mint.com
> SAG.org – Track your SAG Pension and Health eligibility
> Mint.com Founder Aaron Patzer Explains How to Use Mint.com
> Why Mint.com is Trusted, safe and secure
> QuickBooks accounting software and QuickBooks Online
> Old school? Download “Earnings Tracking Sheets” in PDF and Excel