Artists and musicians may receive income from touring, recordings, streaming, royalties, merchandise, endorsements and other sources. We help clients manage the tax and accounting issues that come with multiple income streams, deductible business expenses, estimated tax payments and multi-state activity.
Songwriters may receive income from publishing, performance royalties, mechanical royalties, streaming and other licensing arrangements. We help clients account for royalty income, track business expenses, evaluate business entities and plan for taxes throughout the year.
Producers often receive a combination of production fees, royalties, points and other compensation. We provide tax and accounting guidance for producer income, studio expenses, equipment purchases, independent contractors and business entities.
Recording studios can require substantial investments in equipment, technology and facilities. PBTE, LLC assists studio owners with bookkeeping, tax planning, depreciation, payroll issues, business structure and other tax and accounting matters.
We also work with production companies, management companies, creative businesses and other organizations serving the entertainment industry.
Anyone touring with artists and musicians is subject to the same multi-state tax rules as the artists and musicians. Let us take the guess work of what states you need to file taxes in and advise you to make the most of your hard earned money.
Precision Bookkeeping & Tax Experts, LLC