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SHOW BUDGET - NO TAX APPLICATION
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PLEASE NOTE IF YOU COPY AND PASTE THIS THE FORMULAS IN THE SQUARES MAY BE LOST.
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ON THIS BUDGET :
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ARTIST IS A DJ, SO NO BAND MEMBERS APPLY. COULD ALSO WORK FOR A SOLO VOCALIST IF THE PRODUCTION MANAGER IS SWITCHED TO SOUND GUY. DEPENDS ON LEVEL.
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WE ARE NOT A USA CITIZEN AND WE HAVE NOT APPLIED FOR A CWA
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WE HAVE 3 DAYS, THE GUYS FLY AND MAKE LOAD IN ON TIME ON THE SAME DAY AS THE SHOW, FLY HOME THE FOLLOWING DAY, LAND THE DAY AFTER THAT
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WE HAVE 2 NIGHTS HOTEL, NOT 3 AS ONE OF THE TOUR DAYS WE ARE IN THE AIR COMING HOME
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PER DIEMS DO NOT ALWAYS APPLY FOR THE DAY YOU LAND, BUT IN THIS CASE THIS WAS MY WAGES DEAL AND I HAVE INCLUDED IT
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I HAVE CONTRACTED THE PRODUCER TO PROVIDE ALL PRODUCTION ON MY RIDER AND SHE AGREED
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I HAVE ALREADY GOT MY WORK PERMITS AND THEY WERE ON A PREVIOUS CWA CLAIM AS A COST IN FULL SO THERE'S NO COST ON THIS BUDGET
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SOME HOTELS ARE INCLUDED IN MY DEAL BUT NOT ALL. DRIVER FROM AIRPORT TO AND FROM WERE INCLUDED.
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MY DAY RATE IS 500 EUROS, SO I HAD TO CHANGE IT TO DOLLARS. PER DIEMS I ALREADY AGREED IN THE USA ITS 75 USD.
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THIS IS ONE SHOW. IF WE HAD MORE YOU CAN SEE WE WOULD SAVE MONEY SHARING FLIGHT COSTS ACROSS MORE SHOWS, BUT WE ADD DAILY COSTS DOING SO.
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DATEJune 1 2020
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NAME OF SHOW
F*** THE VIRUS FESTIVAL
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CITY
CITY OF NO ISOLATION
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COUNTRYUSA
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FEE50000
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CURRENCYUSD
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FLIGHTCLASSHOTELNIGHTSTOTALDAY RATEDAYSTOTALPER DIEMSDAYSTOTAL
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ARTIST3000BIZ020000000
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TOUR MANAGER1000ECON02054031620753225
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PRODUCTION MANAGER1000ECON02054031620753225
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LIGHT DIRECTOR1000ECON02054031620753225
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VJ1000ECON02054031620753225
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PHOTOGRAPHER1000ECON300260054031620753225
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VIDEOGRAPHER1000ECON300260054031620753225
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TOTALS9000120097201350
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ARTIST PARTY TOTAL COSTS21270
(the sum of all the totals above)
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PRODUCTION
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LIGHTS0PROMOTER
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SCREENS0PROMOTER
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FX0PROMOTER
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BACKLINE0PROMOTER
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PRODUCTION TOTALS0
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EXTRAS
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BELLMAN / TIPS0
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INSURANCE @ 2%0
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WORK PERMITS0
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LAMINATES0
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EXTRAS TOTALS0
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SUMMARY
always use excel or google sheets to link these squares to the totals above, you make a change it will carry through
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INCOME
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FEE50000
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OUTGOINGS
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AGENCY COMMISSION 10%5000
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WITHOLDING TAX1500030%
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STATE TAXES500
1% IN THIS STATE
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ARTIST PARTY COSTS21270
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PRODUCTION COSTS0
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EXTRA COSTS0
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TOTAL COSTS41770
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PROFIT / LOSS8230
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MANAGEMENT COMMISSION4646
**This 20% rate manager does not take WHT into account as it's a tax credit but commissions after all other reasonable tour costs
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**This sum is done by doing Profit / Loss, add back the 15000 taken for WHT and taking 20% of that
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ARTIST 3584
(PLUS TAX CREDIT OF 15000 USD WHT)
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PROFIT PERCENTAGE AFTER WHT7.17%
(TO DO THIS TAKE PROFIT / DIVIDED BY THE FEE AND THEN GO TO EXCEL 'FORMAT' TAB - NUMBER - CLICK 'PERCENTAGE)
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(TO DO THIS TAKE PROFIT + WHT AMOUNT (NOT STATE TAXES YOU DO NOT GET THEM BACK NORMALLY) DIVIDE THIS BY THE FEE, GO TO FORMAT ON EXCEL - NUMBER - PERCENT - CLICK)
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REMEMBER, YOU ARE GETTING THE $15000 BACK AT HOME END OF THE YEAR IF YOU TAX BILL AT HOME IS MORE THAN 15000
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If you do not process this tax form, you will still have to pay tax on the profit in the USA at the time of the show (see WITH CWA worksheet)
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WHY DO THIS
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1. AFTER A WHILE YOU WILL GET A FEEL FOR BUDGETS AND CAN PREDICT INCOME, HELPING YOU TO DECIDE IF YOU TAKE ON SHOWS
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2. SHARE IT WITH YOUR ARTIST SO THEY DON'T GET ALL EXCITED ABOUT EARNING MORE THAN THEY THINK THEY ARE
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3. JUDGE IS A TAX APPLICATION TO REDUCE IS WORTH IT.
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