20 Questions for New Artists Part 1: Bank Accounts/Tax Returns/Accountants
Music Technology Policy
APRIL 28, 2019
Bank Accounts/Tax Returns/Accountants : A common mistake that bands make is to have all income paid to one band member, which usually results in unnecessarily complex adjustments at tax time not to mention general distrust should disputes arise. The band should find an accountant in your geographical area who is familiar with music issues and band accounting and take a meeting with that accountant (preferably a Certified Public Accountant who will file the band’s tax return).