Handling Your Music Finances From a Business Manager and Accountant

This week on the New Music Business, I spoke with Pink Noise’s business manager Khloe Churko, alongside tax preparer and fellow podcaster Stephanie Belcher. We dive deep into the weeds of music industry finances including bookkeeping, 1099s, LLCs versus S Corps, DBAs, how PROs pay artists, and so much more! 4:00 Welcome 7:30 What does a business manager do? 9:00 Sirius XM and Sound Exchange 13:30 Bookkeeping process 17:45 Taxes 22:00 What is a tax return? 32:30 LLC Vs. S Corp 45:45 Payroll 49:00 AB5 Law 53:30 LLC Vs. S Corp (Continued) 1:02:30 Doing business as (DBA) 1:04:00 Working with your Performing Rights Organization (PRO) 1:06:30 What’s wrong with Legal Zoom 1:08:00 Alternative to Legal Zoom 1:11:20 Statewide tax rates 1:14:45 Thank yous and final question Subscribe to The New Music Business: https://aristake.com/nmb Ari's Take Academy (use code NMB for 10% off): https://aristakeacademy.com Watch more discussions like this: https://www.youtube.com/playlist?list=PLc1Fatf4celK3kYoJ6FUdN7qtYSCvAAMY Connect with Ari’s Take: Website: https://aristake.com Academy: https://aristakeacademy.com Instagram: https://www.instagram.com/aristake_/ TikTok: https://www.tiktok.com/@aris.take Twitter: https://twitter.com/ArisTake YouTube: https://www.youtube.com/user/aristake1 Connect with Ari Herstand: Website: https://ariherstand.com Instagram: https://instagram.com/ariherstand Twitter: https://twitter.com/ariherstand YouTube: https://youtube.com/ariherstand Connect with Khloe: Pink Noise Management: https://www.pinknoisemgmt.com/ LinkedIn: https://www.linkedin.com/in/khloechurko/ Instagram: https://www.instagram.com/pinknoisemgmt/?hl=en Connect with Stephanie: Website: https://stephbelcher.com/ Podcast: https://anchor.fm/wsmb LinkedIn: https://www.linkedin.com/in/stephaniegbelcher/ Instagram: https://www.instagram.com/whensongsmeanbusiness/ Edited and mixed by Maxton Hunter Music by Brassroots District Produced by the team at Ari’s Take Hosted on Acast. See acast.com/privacy for more information.