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.
Accountant for the Music Industry
We will not work with clients who want to bend the rules, but we do want to teach clients to take full advantage of what they are legally entitled to deduct. Arts and entertainment accountants advise https://www.bookstime.com/ both individual artists and arts-related businesses on financial matters. 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. With our extensive experience conducting licensing and royalties audits we are often asked to provide expert testimony involving disputes between our clients and their business partners.
Will You Pass The Music Retail Financial IQ Test?
Advances in technology and the increasing use of it, allow you more access to us as your music accountant, anytime, in your own way. You can contact us through call, text, e-mail, social media, fax, video messaging. You even have access to all of your important music business or personal tax documents in one place via your secure online storage. Growth Group can be the financial adviser for your music business and provide access to your music company finances via Xero all from our location in Maryland. Miller Kaplan draws upon decades of industry experience to help clients identify new revenue streams, maximize opportunities, and safeguard their creative and financial interests. Our business management services are top rated by The Hollywood Reporter, Billboard, and Variety.
SHAPING THE STRONGEST TEAM
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 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.
- As a Music Accountant, I’m psyched to work with some of the most creative minds, and I try to appeal to their creativity in explaining financial concepts,” Louis says.
- With our help, you can say goodbye to financial headaches and hello to peace of mind.
- We work with artists and clients at all stages of their career, whether emerging or long-established heritage acts as well as companies, labels and publishers in the independent sector.
- We’ll work closely with you to understand your unique needs and tailor our services to suit your business perfectly.
- During the beginning stages, Growth Group focused on PG County Maryland income tax preparation for individuals.
- Music Business Accountants are paid per project, based on the complexity and time involved.
- Every facet of your entertainment career should be tracked and applied to your income.
Business Management
And most importantly, imagine 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.
Film Office Consulting
Our views on the latest news, events and industry issues affecting our clients, both in the UK and worldwide. Instruments, home rehearsal space, in-house recording studios or equipment, cell phones, web sites, computers, magazine subscriptions, association dues, uniforms, costumes, dry cleaning, hair styles, make-up, shoes, classes … the list can be endless. Being a Music Business Accountant requires a certain kind of personality. “You’ve not only got to be detail-oriented, you’ve got to be personable and creative. As a Music Accountant, I’m psyched to work with some of the most creative minds, and I try to appeal to their creativity in explaining financial concepts,” Louis says. With our help, you can say goodbye to financial headaches and hello to peace of mind.
- We speak on a variety of music industry topics including inventory management, retail store management, succession planning, and more.
- Earnings in the music industry can fluctuate over time and we are always thinking ahead to protect our clients’ financial interests.
- There are few specialized training programs for arts and entertainment accountants; those who aspire to work with creative professionals or companies should look for internships and other opportunities, network with industry professionals, and focus on building a solid résumé.
- We serve the entertainment industry as a trusted and longtime resource for accounting, tax, audit, and business management services – supporting our clients’ interests anywhere in the world.
- The crossover that exists here between music and the other creative industries in which we specialise, puts us in a unique position to help artists and businesses explore and capitalise on these opportunities as the industry evolves.
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 music industry accounting 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.
- Whether you have a particular financial issue to discuss, would like more information about our services or are interested in joining our team, please do get in touch.
- If you’re looking for a strategic entertainment accounting firm to help with your financial and consulting needs, we can help.
- 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.
- The Music CPA provides entertainers an independent outlet to help manage or review finances.
- Where our royalties team provides a full registration service for singers, songwriters and producers.
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 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.
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. Whether you have a particular financial issue to discuss, would like more information about our services or are interested in joining our team, please do get in touch. Music Business Accountants are paid per project, based on the complexity and time involved. When working in the capacity of a Tour Accountant, job duties include creating an initial budget for the tour, verifying expenses, and ensuring collection of all income while on the road. Because we value education, Growth Group supports musicianship because we believe participation in trial balance fine arts gives students an advantage in school. Growth Group works with sole proprietors, partnerships, limited liability companies (LLC) and corporations.