Understanding Your Taxes as an Independent Musician

Look, taxes are complicated. But one important part of your financial moves as an independent musician is understanding how to manage those finances. In the video below, WordPlay T. Jay describes some basic tax concepts and offers a free download of his Profit and Loss statement for your business.

Download the Free Profit and Loss Statement:

https://docs.google.com/spreadsheets/d/1G_dCuYwlMwC-jyzjWZ4NZPb0ZUcAFhUtqxu5zh9kN98/edit?usp=sharing

Preparing your taxes can be a chore as an individual...then add the complexity of being a musician. I sympathize with you. Here's a few things that I have learned over the years about taxes and being a musician. Disclaimer: I'm not a tax professional, I just play one on TV!