Thursday, November 8, 2018

The Importance Of Record Keeping In A Band | hypebot

CalculatorIf you're a fortunate enough musician that you're actually seeing some revenue from your music, chances are you'll have to pay taxes, and deal with a good number of other financial issues involved with running the small business that is your band.



In this recent post from MusicThinkTank, Robert Lanterman explains why it's so important for bands be organized about their bookkeeping.

"There may come a point where financial advice or the help of an accountant may be necessary. Now, it’s important in this case to differentiate between an accountant and a bookkeeper. Where bookkeeping is purely record-keeping, Ohio University’s website explained that accountants are “qualified to provide their employers with these same services, but they also influence companies by offering more in-depth, actionable advice regarding their finances.”"

[Continue Reading]


No comments: