From the course: Taxes and Accounting for Music
Welcome
- [Voiceover] Welcome to Music Taxes and Accounting. If you are earning a living from music, or you'd like to, this course will help. It provides basic tax information that can lower your tax bill and improve your bottom line. In this course you will learn how to track income and expenses, how to qualify for deductions, depreciate equipment, claim home studio expenses, determine the likelihood of being audited, and much more. Throughout this course, I cite numbers, rates, and tax formulas. Be aware that some of these may change over time, and you may need to check the IRS website for the most up-to-date information. I'll start with some common tax questions.
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