Financial Management for Musicians
If you earn income from your music, this book is a must-have for your music office! Certified Public Accountants Gaines and McCormack have put together the most extensive text ever geared toward working musicians. You'll get the benefit of their years of experience managing the finances of some of the top acts in Nashville. Learn how to manage your band's income and expenses, and create a budget for touring, recording and other major purchases. Demystify the income tax process by learning how to legally write off equipment purchases and touring expenses, and issue 1099 forms to band members. Includes a PC/Mac CD-ROM containing Excel and Lotus spreadsheet templates of all the budgeting examples and much more!
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Introduction and Overview
Musical Equipment Issues
Demos and Master Recordings
Travel Meals and Entertainment
Business Use of Home
Other Business Deductions
Substantiating Business Deductions
Choice of Business Entity
Tax and Accounting Issues
Relationships with Other Musicians
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