Get expert advice from Jessica Scheitler of Financial Groove in this episode on how to best track and prepare for your PPP loan forgiveness. She provides useful tips for studio owners as we navigate our dance season and the timing of funding. According to the PPP fact sheet, the loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 week period after the loan is made; and Employee and compensation levels are maintained.
Financial Groove Facebook Group
Relief options and programs news and details have been evolving at a rapid pace. In order to share breaking news and provide timely, reliable information, we have a created a Facebook group open to the public and geared towards Dance Studios, Art Businesses and Individuals in Music & Entertainment.
We post updates with financial developments for Covid-19 relief programs, and dispel rumors. We also answer questions and encourage members to share what is working to help find solutions for everyone.
To assist with Covid-19 programs and see what and how details apply to specific circumstances, we’ve created a page on our website with information, tools and resources.
As we have clients spanning the nation, we’ve created a collaborative resources sheet for the community to add to and share opportunities and helpful links for bill payment deferment and waived interest by region
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Jessica Scheitler, founder of Financial Groove, has been an international entertainment accounting industry leader over the last decade. Offering accounting and tax expertise for entertainers, Financial Groove bridges the gap between creativity and business.
Jessica has worked with the top recognized dance studios in the nation and has clients spanning the globe throughout prominent arts organizations including Broadway, Cirque Du Soleil, SYTYCD, and Alvin Ailey among others.
With Jessica as the front runner, Financial Groove manages personal and business finances, inspires individuals into action, and assists in maintaining accountability to increase the bottom line. By translating financial data into solutions, Financial Groove delivers clients the tools and coaching guidance to achieve financial success.
Jessica is a QuickBooks Proadvisor and an Enrolled Agent, the only licensed designation given to professionals who specialize in tax and have unlimited rights to represent taxpayers before the IRS.
Jessica parlayed her Marymount Manhattan College BFA in Choreography and minors in Arts Administration and Mathematics into a specialized career in arts accounting and business management. Jessica grew up dancing in Iowa with roots in competitive dance and then went on to concert dance and to choreograph musical theater and independent modern dance work. Jessica has worked in arts administration for the Lion King on Broadway, Abingdon Theatre Company and the Metro Arts Council.
Jessica is still an active member of the dance community and keeps herself on the pulse of the emerging music and artistic scene. She is Board Member of Cockroach Theatre at Art Square Theatre and a member of the National Association of Enrolled Agents and National Association of Tax Professionals.
Financial Groove is dedicated to artistic integrity by offering vital business support to the artists who produce it.