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Quick tax guide for independent artists ‘Tis the season! Tax time is here once again, and since your music is your business, it’s important to have a solid handle on you taxes, and make sure you’re taking advantage of al the deductions available to you. Guest post by Your music is your business. It’s important to have your taxes in tip top shape! As a self employed musician, you have various tax deductions you should definitely be taking advantage of. Here’s what you need to know… Note: Symphonic is not a legal or tax authority. We do not give legal or tax advice. Symphonic simply reports and provides information as per what we’ve been instructed to. Please consult a tax professional or legal authority for advice and direction. ....
What musicians should learn from entrepreneurs In this piece, David Andrew Wiebe explains why artists need to recognize that they themselves are running a small business, and how the rules of entrepreneurship can help guide them to success. Guest post by David Andrew Wiebe of the Symphonic Blog This guest post was written by David Andrew Wiebe, the founder and CEO of Music Entrepreneur HQ, host of The New Music Industry Podcast, and best-selling author of The Music Entrepreneur Code. Can Artists Really Learn Anything from Entrepreneurs? The truth is, artists can’t learn anything from entrepreneurs… Why? They are entrepreneurs. A lot of them just haven’t recognized themselves as such. However, I’ve been exploring the connection between music and entrepreneurship for nine long years. Whether you call it “musicpreneurship”, “artist entrepreneurship”, “music entrepreneurship”, or otherwise, we’re fundamentally talking about the s ....
Where Does Money From Master Recordings Actually Come From? In this piece, music industry attorney Debbie Egel explains where the money made from a master recording comes from, both when it comes to streaming and other sources of revenue. Guest post by Disclaimer: This information is brought to you by Debbie Egel, an attorney whose practice includes writing and reviewing music contracts, running an independent label for over 10 years, and developing indie artists. She is knowledgeable of the economics of music, the DIY process, and has written an instruction manual for Indie artists, labels and managers called, “For The Record”, and teaches an online course. Debbie has a deep appreciation of the business of music as well as her legal knowledge as a practicing attorney. Always consult with your personal legal and tax professionals regarding your specific situation before making any decisions. ....