The music industry is a fast-paced environment for artists and their teams. Behind the scenes of amazing performances, there is a web of compliance challenges both personally and professionally. No matter the stage of an artist’s career, our Music Industry Services Team helps support clients through every stage from beginning their career in the industry through retirement.
Whether playing shows in local bars or headlining stadiums, our music industry CPAs help musicians with tax planning at every stage of their careers. From the basics of what is deductible and state and local tax planning to how to handle royalties and managing international touring tax compliance, our team of advisors and accountants are there for their clients. Our industry experts provide their knowledge and dedicated passion for the music industry to ensure your advisory and tax needs are met throughout your career and beyond.
The Help Independent Tracks Succeed (HITS) Act is part of the One Big Beautiful Bill Act, commonly referred to as the OBBBA or OB3. The tax legislation package is a major step forward and a landmark win for independent musicians, producers and small labels. This new law updates the tax code to give music creators…
The Treasury Department has released preliminary guidance on the jobs that are expected to qualify under the “No Tax on Tips” provision of the One Big Beautiful Bill Act, commonly referred to as the OBBBA or OB3. The initial list of jobs that will fall under this new tax deduction is provided below; however, the…
The IRS has specific guidelines regarding the deductibility of wardrobe purchases for entertainers. Understanding these rules is crucial for entertainers who want to maximize their tax deductions while staying compliant with tax laws. General Rules for Deductibility In most cases, the IRS does not allow deductions for clothing that can be worn outside of work….
For more information or to discuss your business needs, please fill out the form and a member of our team will connect with you timely.