Ep. 8: Tax Advice From An Entertainment CPA & Guitarist

Listen on: iTunes - Spotify - Stitcher - Soundcloud

Jon Thomas, born in 1952 in Los Angeles, California, attended the University of California at Los Angeles where he received his Bachelor of Arts degree in Economics with a minor in Accounting.  His interest and exposure to the Entertainment Field started early growing up in Los Angeles and spending time with his uncle who was formerly a child radio star and currently an entertainment event promoter.  Jon was involved...

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Ep. 3: Three Common Tax Deductions For Musicians

Listen to Episode 3: iTunes - Spotify - Stitcher - Soundcloud

Think of tax deductions like music scales. Once you are familiar with major scales you can move onto minor, diminished, augmented, whole tone, harmonic, egyptian, you name it. Let’s build a foundation with 3 of the most common tax deductions for musicians.

Before we begin, I must disclaim that the major overhaul in the tax code this year will affect some or all deductions for musicians. For instance, if you earn income...

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3 Common Tax Deductions for Musicians

taxes thriving musician Oct 15, 2018

 

Few of us ever test our powers of deduction, except when filling out an income tax form.

- Laurence J. Peter

Think of tax deductions like music scales. Once you are familiar with major scales you can move onto minor, diminished, augmented, whole tone, harmonic, egyptian, you name it. Let’s build a foundation with 3 of the most common tax deductions for musicians. At the end of this post I will share a link to download a much longer list of tax deductions to dive into.

Before we...

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Taxes for Musicians 101

taxes thriving musician Feb 05, 2018

Music, Money, Taxes

"The hardest thing in the world to understand is the income tax." 

- Albert Einstein

Taxes are a collection of revenue from citizens to fund the government. Many people view taxes as government penalties. I prefer to view them as government incentives. As far as I can tell the government adjusts the tax code to fit their needs economically. For example, if the government wants corporations to thrive then you might see local, statewide, or nationwide corporate...

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DO YOU WANT TO REDUCE YOUR TAXABLE INCOME?

Download my Ultimate List of Tax Deductions for Musicians for FREE!