Comments on: Musicians: 3 Steps To Setting Up Your Tax Stuff http://www.christinebougie.com/musicians-3-steps-to-setting-up-your-tax-stuff/ Wed, 08 Feb 2012 23:02:52 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Christine Bougie » Blog Archive » Musicians: Track Income and Expenses for 2011 http://www.christinebougie.com/musicians-3-steps-to-setting-up-your-tax-stuff/comment-page-1/#comment-2478 Christine Bougie » Blog Archive » Musicians: Track Income and Expenses for 2011 Tue, 15 Feb 2011 23:13:11 +0000 http://www.christinebougie.com/?p=1447#comment-2478 [...] February 2010 I wrote a blog post called Musicians: 3 Steps To Setting Up Your Tax Stuff. It describes the system I use for keeping track of my income and expenses – just general [...] [...] February 2010 I wrote a blog post called Musicians: 3 Steps To Setting Up Your Tax Stuff. It describes the system I use for keeping track of my income and expenses – just general [...]

]]> By: Logan http://www.christinebougie.com/musicians-3-steps-to-setting-up-your-tax-stuff/comment-page-1/#comment-2244 Logan Tue, 04 Jan 2011 18:41:16 +0000 http://www.christinebougie.com/?p=1447#comment-2244 I am being audited. The auditor claims I am not allowed to write off my meals/ nor the meals for my guitar player (who is not an "employee" but a subcontractor who I issue a 1099) nor a friend who is acting as manager, set up , tear down, bookings, repair eqpt, sound man, etc. and is unpaid. I buy him his meal and a few drinks at each gig in return for his help. I am conducting business the whole gig not only performing a service for the client (singing/entertaining) but also talking about future bookings, song selection, announcing special events bday, anniversaries, etc for their customers, and also other potential clients who come up to get info on private parties, corporate functions, weddings, etc. We are not talking extravagant meals here, ...a burger/sandwich and a few drinks. Auditor says no, you are just working a job like everyone else and your meals are not an acceptable expense. This is crazy! HELP!! I am being audited. The auditor claims I am not allowed to write off my meals/ nor the meals for my guitar player (who is not an “employee” but a subcontractor who I issue a 1099) nor a friend who is acting as manager, set up , tear down, bookings, repair eqpt, sound man, etc. and is unpaid. I buy him his meal and a few drinks at each gig in return for his help. I am conducting business the whole gig not only performing a service for the client (singing/entertaining) but also talking about future bookings, song selection, announcing special events bday, anniversaries, etc for their customers, and also other potential clients who come up to get info on private parties, corporate functions, weddings, etc. We are not talking extravagant meals here, …a burger/sandwich and a few drinks. Auditor says no, you are just working a job like everyone else and your meals are not an acceptable expense. This is crazy! HELP!!

]]> By: Christine Bougie » Blog Archive » Quarterly Reviews http://www.christinebougie.com/musicians-3-steps-to-setting-up-your-tax-stuff/comment-page-1/#comment-2008 Christine Bougie » Blog Archive » Quarterly Reviews Sat, 18 Dec 2010 23:24:39 +0000 http://www.christinebougie.com/?p=1447#comment-2008 [...] Immaculate Bookkeeping [...] [...] Immaculate Bookkeeping [...]

]]> By: Christine Bougie » Blog Archive » Lesson Learned: The System Only Works If You Adhere To The System http://www.christinebougie.com/musicians-3-steps-to-setting-up-your-tax-stuff/comment-page-1/#comment-1994 Christine Bougie » Blog Archive » Lesson Learned: The System Only Works If You Adhere To The System Fri, 17 Dec 2010 18:53:02 +0000 http://www.christinebougie.com/?p=1447#comment-1994 [...] I set up a great system for bookkeeping to keep track of my income, expenses, CD sales, etc. This is the first year I used spreadsheets [...] [...] I set up a great system for bookkeeping to keep track of my income, expenses, CD sales, etc. This is the first year I used spreadsheets [...]

]]> By: 1 Year Blogoversary! (Top 10 Blog Posts Of The Year) | Christine Bougie http://www.christinebougie.com/musicians-3-steps-to-setting-up-your-tax-stuff/comment-page-1/#comment-1128 1 Year Blogoversary! (Top 10 Blog Posts Of The Year) | Christine Bougie Wed, 01 Sep 2010 16:37:55 +0000 http://www.christinebougie.com/?p=1447#comment-1128 [...] Musicians: 3 Steps To Setting Up Your Tax Stuff – In which I share my system for keeping track of income and expenses. [...] [...] Musicians: 3 Steps To Setting Up Your Tax Stuff – In which I share my system for keeping track of income and expenses. [...]

]]> By: Chris Bottomley http://www.christinebougie.com/musicians-3-steps-to-setting-up-your-tax-stuff/comment-page-1/#comment-811 Chris Bottomley Thu, 27 May 2010 21:02:39 +0000 http://www.christinebougie.com/?p=1447#comment-811 Thanks for the wealth of help and good info! Thanks for the wealth of help and good info!

]]> By: Joshua Van Tassel » that time of year http://www.christinebougie.com/musicians-3-steps-to-setting-up-your-tax-stuff/comment-page-1/#comment-651 Joshua Van Tassel » that time of year Tue, 13 Apr 2010 13:25:49 +0000 http://www.christinebougie.com/?p=1447#comment-651 [...] nothing straightforward about this time of year, but it can be done. Christine Bougie posted this quick guide to help you out, and it certainly helped me [...] [...] nothing straightforward about this time of year, but it can be done. Christine Bougie posted this quick guide to help you out, and it certainly helped me [...]

]]> By: Christine Bougie http://www.christinebougie.com/musicians-3-steps-to-setting-up-your-tax-stuff/comment-page-1/#comment-613 Christine Bougie Thu, 25 Mar 2010 15:30:08 +0000 http://www.christinebougie.com/?p=1447#comment-613 @m - socan royalities are a type of income, and I think you can deduct anything that you had to spend to create that income. (better to ask your accountant about the details!) thanks for reading cb @m – socan royalities are a type of income, and I think you can deduct anything that you had to spend to create that income. (better to ask your accountant about the details!)
thanks for reading
cb

]]> By: m http://www.christinebougie.com/musicians-3-steps-to-setting-up-your-tax-stuff/comment-page-1/#comment-612 m Thu, 25 Mar 2010 15:21:03 +0000 http://www.christinebougie.com/?p=1447#comment-612 what about royalties from socan? can expenses be deducted against them? what about royalties from socan?

can expenses be deducted against them?

]]> By: Milan http://www.christinebougie.com/musicians-3-steps-to-setting-up-your-tax-stuff/comment-page-1/#comment-567 Milan Thu, 11 Mar 2010 00:35:46 +0000 http://www.christinebougie.com/?p=1447#comment-567 Nice! If I am going to be paying taxes on my website advertising revenue, I suppose it only makes sense to be able to write off hosting, SSL certificates, etc. Nice! If I am going to be paying taxes on my website advertising revenue, I suppose it only makes sense to be able to write off hosting, SSL certificates, etc.

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