And most importantly, imagine gross vs net having a dedicated Music Accountant ready to assist you whenever you need them. Alexis M. Kimbrough, a true musicians accountant, founded AMKtax in 2008 during her senior year at Howard University, in Washington, DC. During the beginning stages, Growth Group focused on PG County Maryland income tax preparation for individuals. After inquires from our musician customers needing an accountant, Growth Group expanded the services to include both bookkeeping and accounting services for music entrepreneurs. The Music CPA provides entertainers an independent outlet to help manage or review finances. The difference between The Music CPA and other professionals in the industry is we do not share in a percentage of your entertainment revenues.
Return Preparation & Audit Services
However, since this field is so specialized, the aspiring Accountant doesn’t have to land a job with a professional music industry accounting firm right out of school to get the experience required. Music industry experience is great, but solid work history in the accounting field is more important. We work with our artists on a monthly basis to assist with managing the financial side of their artistic businesses. We assist with musician taxes, record keeping, accounting, coaching, and music contract review. Our clients range from individuals who are part-time entertainers to seasoned industry professionals who have carved out successful careers. Their needs vary from tax return preparation to consulting or audit work related to their recording label expenses.
Maximize Opportunities While Minimizing Risks
SRLV LLP and SRLV Audit Limited are each registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England & Wales. Miller Kaplan Arase LLP is a member of the music industry accounting global association, LEA Global; the members of which are separate and independent legal entities. A well-crafted entertainment incentive can create massive economic development benefits for a jurisdiction. We can help create or modify incentive programs, forecast fiscal impacts, draft compliance guidelines and work with lobbyists to craft legislative strategies.
Music Career Finder
This independence provides an additional trusted outlet to assess financial decisions. Our entertainment niche provides the knowledge to manage financial needs and bring professional resources to the table for each growth phase of your career. Our team of accountants support tour accounting, look after income streams and deliver compliance work. Where our royalties team provides a full registration service for singers, songwriters and producers.
- Over the past 30+ years, our firm has gained in-depth knowledge of the music industry, in part through our active participation and involvement in several music specific trade organizations.
- You even have access to all of your important music business or personal tax documents in one place via your secure online storage.
- Accountants may be self-employed, work for an accounting firm, or be employed by a music company or film or television studio.
- The difference between The Music CPA and other professionals in the industry is we do not share in a percentage of your entertainment revenues.
- However, since this field is so specialized, the aspiring Accountant doesn’t have to land a job with a professional music industry accounting firm right out of school to get the experience required.
- Good, effective tax planning starts at the beginning of the tax year.
Regardless of your situation, we will take care of these issues so you can stay focused on the creative aspect of music. The best way https://www.bookstime.com/articles/real-estate-taxes to find a job as a Music Business Accountant is by building an educational background and establishing industry connections. “Finish up your schooling and certifications, then look for internships and opportunities to work with Managers and artists. The following list represents just a few of our current music industry clients, which demonstrates both our familiarity and expertise in various segments of the music industry, as well as the lack of geographical barriers in servicing our music industry clients.
- Don’t let money worries hold you back from pursuing your creative passions.
- Growth Group’s team includes outstanding music accounting specialists who collectively bring over 15 years experience in entertainment and music accounting, and entrepreneur tax and bookkeeping in the US.
- We also have particular expertise in advising UK clients who are moving across the Atlantic, as well as US-based clients relocating to the UK.
- Designed specifically for professionals like you in the music and entertainment industry, we take the stress out of managing your finances.
- This includes paying bills, managing cash flow, budgeting, bookkeeping, tax planning and preparation, administering payroll, wealth management and more.
- A musician herself, she has served as featured panelist at the International Music Conference, Driven Music Conference and as a panelist at the Xero Roadshow.
- Invest in your success today by partnering with us for all your Music Accounting needs.