Handling Your Music Finances From a Business Manager and Accountant

This week on the New Music Business, I spoke with Pink Noise’s business manager Khloe Churko, alongside tax preparer and fellow podcaster Stephanie Belcher. We dive deep into the weeds of music industry finances including bookkeeping, 1099s, LLCs versus S Corps, DBAs, how PROs pay artists, and so much more!4:00 Welcome7:30 What does a business manager do?9:00 Sirius XM and Sound Exchange13:30 Bookkeeping process17:45 Taxes22:00 What is a tax return?32:30 LLC Vs. S Corp45:45 Payroll49:00 AB5 Law53:30 LLC Vs. S Corp (Continued)1:02:30 Doing business as (DBA)1:04:00 Working with your Performing Rights Organization (PRO)1:06:30 What’s wrong with Legal Zoom1:08:00 Alternative to Legal Zoom1:11:20 Statewide tax rates1:14:45 Thank yous and final questionSubscribe to The New Music Business: https://aristake.com/nmbAri's Take Academy (use code NMB for 10% off): https://aristakeacademy.comWatch more discussions like this: https://www.youtube.com/playlist?list=PLc1Fatf4celK3kYoJ6FUdN7qtYSCvAAMYConnect with Ari’s Take:Website: https://aristake.comAcademy: https://aristakeacademy.comInstagram: https://www.instagram.com/aristake_/TikTok: https://www.tiktok.com/@aris.takeTwitter: https://twitter.com/ArisTakeYouTube: https://www.youtube.com/user/aristake1Connect with Ari Herstand:Website: https://ariherstand.comInstagram: https://instagram.com/ariherstandTwitter: https://twitter.com/ariherstandYouTube: https://youtube.com/ariherstandConnect with Khloe:Pink Noise Management: https://www.pinknoisemgmt.com/LinkedIn: https://www.linkedin.com/in/khloechurko/Instagram: https://www.instagram.com/pinknoisemgmt/?hl=enConnect with Stephanie:Website: https://stephbelcher.com/Podcast: https://anchor.fm/wsmbLinkedIn: https://www.linkedin.com/in/stephaniegbelcher/Instagram: https://www.instagram.com/whensongsmeanbusiness/Edited and mixed by Maxton HunterMusic by Brassroots DistrictProduced by the team at Ari’s Take Hosted on Acast. See acast.com/privacy for more information.