Financial Management for Musicians

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Hal Leonard Corporation, 1999 - Music - 236 pages
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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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Contents

Introduction and Overview
1
Musical Equipment Issues
6
Demos and Master Recordings
20
Travel Meals and Entertainment
26
Continuing Education
37
Insurance
39
Business Use of Home
50
Other Business Deductions
54
Documenting Revenue
67
Substantiating Business Deductions
71
Choice of Business Entity
75
Tax and Accounting Issues
82
Financial Planning
93
Conclusion
123
Appendices
124
Copyright

Relationships with Other Musicians
60

Common terms and phrases

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