Music CPA

Artist Business Management

Artist business management is a specialty of ours. Depending on the level of service that you need, we can provide:

  -Tour Accounting
  • Regular correspondence with the artist, artist manager, tour manager and booking agent
  • Record and verify all road activity via daily road sheets (ie. daily road income, band floats, per diems, expense receipts, etc.) as presented by the tour manager
  • Record and verify receipts for bus & truck floats
  • Set guidelines, design forms and oversee road manager to ensure proper road cash management and reporting
  • Analyze and follow-up performance contract information (ie. tracking performance income & advance vennue deposits)
  • Process payroll checks and payroll taxes
  • Make weekly deposits
  -Expense Tracking and Management
  • All vendor invoices can be mailed to our office address for processing
  • Can act as first contact for vendor inquiries (phone, fax, email)
  • Invoice approvals will be obtained by designated contacts
  • Process checks to vendors
  • On-site record keeping of all expenses disbursed
  • Monthly analysis of cash flows
  -Income Tracking and Management
  • Deposit & record gig, merchandise, royalty, sponsorship, and endorsement income
  • Review gig and non-gig contracts for compliance
  • Work closely with manager regarding income needs and projections
  • On-site record keeping of income earned
  • Periodic Desktop Royalty Audits
  -Accounting and Consulting
  • Up to date set of accounting books
  • Daily computerized downloads of all banking and credit card transactions
  • Annual inventory review and adjustments
  • Financial statements (monthly or quarterly)
  • Budgets (monthly or quarterly)
  • Tax advice
  • Investment coordination of idle cash
  • Income deferral opportunities for band members (ie. SEP, SIMPLE, 401(k) plans)
  • Monthly bank reconciliations
  -Reporting
  • Monthly financial statements presented to artist
  • Federal and state business and individual tax returns (annually)
  • Payroll tax returns (quarterly)
  • Issue W-2’s and 1099’s (annually)

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