The Hollywood Reporter’s Power Business Managers
Variety’s Business Managers Elite
Shane Glass, President, Colony Business Management & Managing Director at The Colony Group, provides tax advisory and accounting services to influential musicians, touring artists, athletes, directors, producers, content creators, entertainers, and executives. Shane has also been the tour accountant for major touring artists where he handled tour accounting and settlements all over the world.
Prior to merging with The Colony Group in 2019, Shane was one of the founding partners of Glass Malek LLP, a business management firm, specializing in the entertainment industry. Formerly, he served as a Managing Director at a large international accounting firm.
Shane has been listed as one of The Hollywood Reporter’s Power Business Managers as well as one of Variety’s Business Managers Elite.* He currently holds two master degrees, a Master of Accounting from Tulane University and a Master of Business in Taxation from the University of Southern California.
Shane developed and teaches a course titled, Touring, Tour Accounting and Merchandising at UCLA’s Extension Program. He has also taught a course on the Business of Music, which focused on all aspects of the music industry. He also guest lectures for other music business courses at UCLA Extension and law schools.
“Clients often have the misconception that they can claim residency elsewhere simply by having a home in a lower or no-tax state,” said Shane Glass, CPA/PFS, adding that California is aggressive in claiming out-of-state taxpayers as residents.
Navigating the tax rules for specified service businesses can be difficult. Shane Glass of The Colony Group shares some essential tactics around the SSTB rules that may help you optimize your QBI deduction.