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Entries in bookkeeping (1)

Thursday
Nov082018

The Importance Of Record-Keeping For A Band

If you’re an active musician who enjoys payment in any way, you’ll probably have to do taxes eventually. Unless you’re giving all of your music and merchandise for free, you may have already missed an important amount of work that could get you in trouble with the government. That’s normal — musicians don’t always think about it, happy their art is finally making back more than what they’re putting in. But eventually, it needs to be addressed.

See, when you have a band, in a lot of ways you are running your own small business. You are selling a product, no matter how much integrity you have in putting it together. And where there’s a profit, there’s taxes to be done and records to be kept. If you don’t get this taken care of, it could ruin your band/music later.

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