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Handling Your Music Finances From a Business Manager and Accountant

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By Ari Herstand

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Handling Your Music Finances From a Business Manager and Accountant

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Ari Herstand
Ari Herstand is a Los Angeles based musician, the founder and CEO of Ari’s Take and the author of How to Make It in the New Music Business.
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Handling Your Music Finances From a Business Manager and Accountant

Listen on your favorite podcast platform: Spotify | Apple Podcasts | Stitcher | Acast

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

Edited and mixed by Maxton Hunter
Music by Brassroots District
Produced by the team at Ari’s Take

About The Author

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Ari Herstand
Ari Herstand is a Los Angeles based musician, the founder and CEO of Ari’s Take and the author of How to Make It in the New Music Business.

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Is SubmitHub Good or Bad for Indie Musicians: Interview with the Founder

Jason Grishkoff started a music blog called Indie Shuffle back in 2007, when music blogs were still cool. After a 3-year stint at Google, he was lucky to take the blog full-time in 2013. From 2014 to 2015 digital advertising in the music industry changed rapidly, and a number of bloggers found themselves looking for alternative sources of income. Many gave up to focus on their day jobs, but Jason decided to double-down on his coding abilities and created a website called SubmitHub, where musicians, labels and publicists could submit their songs to blogs like Indie Shuffle. Flash forward to 2022 and nearly 30 million submissions have been submitted through the platform. Jason still runs the operation as the only developer, and the product is constantly evolving to meet the needs of the modern music promotion industry.
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