Inner Circle Podcast - Business Manager, CPA Russell Hand: Unlocking Financial Success in the Film Industry

Get $20 off you first month to the Filmmakers Academy with PROMO CODE: FAPOD20This episode is proudly lit exclusively by Nanlux-Nanlite Lights and sponsored by B&H and Hollyland.Thanks for joining us for another episode of the Filmmakers Academy Podcast! Take advantage of monthly virtual group coaching, networking events, as well as new content released weekly by becoming a member today. Join today and get $50 off your first year by using the promo code FAPOD50. And join the #1 resource for cinematographers, film crews, and Do-It-All filmmakers!In this must-listen episode of the Inner Circle Podcast, Shane and Lydia Hurlbut dive deep into the financial realities of the film industry with accountant and business manager Russell Hand. Whether you're a seasoned filmmaker or just starting out, this episode is packed with actionable financial wisdom to help you navigate the business side of your creative endeavors."You borrow money when you don't need it, because when you need it, they won't give it to you." –Russell HandRussell shares his expertise on the importance of incorporating as an S Corp for freelancers earning over $150,000, and how to avoid common tax pitfalls. He also provides clarity on which expenses are deductible for filmmakers and how to document them properly. Understanding the nuances between LLCs, S Corps, and C Corps is demystified, empowering you to choose the right business structure.Even if you're living paycheck to paycheck, Russell offers practical tips on budgeting, saving, and investing for the future. He also sheds light on the various types of insurance needed in the film industry, and how to choose the right coverage for your needs.Tune in now to gain actionable advice and real-world examples to help you make informed decisions and build a secure financial foundation for your creative career.Subscribe to the Inner Circle Podcast for more valuable insights and interviews with industry experts. Share this episode with fellow filmmakers and creatives who want to take control of their financial future.More from Shane Hurlbut, ASC for cinematographers and do-it-all filmmakers:-Cinematography: Virtual Location Scouting with the Insta360-Cinematography: The EL Zone System Exposure Guide-Shane’s Gear Bag-Shane Hurlbut’s Go-To Lighting Package-The Modern Cinematographer – On-Set Essentials-Shane Hurlbut’s Kit-Cinematography Mentorship – Shane Hurlbut, ASC -Design Your INOVATIV Cart for Film Production More from Lydia Hurlbut and her Leadership & Wellness Initiative: -4 Self-Care Tips for Filmmaking Entrepreneurs-

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Filmmakers Academy presents two of the film industry’s most unique and reliable podcasts for professionals who work behind the camera. We explore the latest trends, interview industry leaders, and offer leadership and lifestyle guidance tailored to fit the needs of filmmakers. Stop what you’re doing this very moment and subscribe to Filmmakers Academy to watch LIVE episodes for free on the FA Platform! While full audio episodes are available on Spotify and Apple Podcasts, you can watch past episodes on the FA platform as a member of Filmmakers Academy. The Inner Circle Podcast is Filmmakers Academy’s flagship podcast hosted by Lydia and Shane Hurlbut, ASC. Together the duo chats with everyone from industry leaders in the film industry to health experts and beyond, spotlighting subjects useful to filmmakers pursuing successful and sustainable careers. *In addition to new episodes is a robust archive containing a wealth of knowledge. Finding the Frame is not so much an interview series as it is a lounge-sesh with your favorite filmmakers. Hosted by Brendan Sweeney, prominent filmmakers from ASC cinematographers to Oscar winners visit the studio to dish about their careers and approach to the craft. BAFTA Breakthrough Cinematographer Aaron Reid praises Filmmakers Academy as “a valuable learning resource for film craft” that “pushes learning film into the future.” Online Filmmaking Courses rates Filmmakers Academy 5/5 stars as the best-advanced filmmaking training platform! A trusted partner of Academy Gold Rising, British Cinematographer, RED Digital Cinema, and many other industry titans, visit FilmmakersAcademy.com to see how filmmakers like you are scaling successful careers in the film industry. We also keep past SIC episodes in our archive dedicated to cinematography, how to navigate your career, and leadership, hosted by Filmmakers Academy CEO Lydia Hurlbut and cinematographer Shane Hurlbut, ASC Filmmakers Academy is a subscription-based streaming platform developed to educate and inspire filmmakers to enrich their storytelling and technical skillset. Through on-demand lessons, podcasts, and courses across multiple disciplines, filmmakers at any level of experience will learn from our elite team of industry-leading professionals.