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Knowledge Category

Band Finance & Tax

Self-employment tax, VAT on touring, structuring your band as a legal entity, expense tracking, royalty accounting, and when you actually need an accountant.

3 articles in this category

Tracking Band Finances: Building a System That Keeps Everyone Honest and Informed

Most bands have no financial system. Income comes in, costs go out, and at the end of the year nobody quite knows where the money went. This creates resentment, suspicion, and sometimes fraud. Here’s how to build a financial tracking system that is transparent, sustainable, and appropriate to your band’s scale.

band financesaccountingtransparency

Structuring Your Band as a Legal Entity: Partnerships, LLCs, and Why It Actually Matters

Most bands operate as informal partnerships without any legal structure. This works fine until it doesn’t — and when it stops working, the consequences range from personal tax liability for other members’ debts to complete inability to enforce any band agreements. Here’s what structure actually gets you.

legal entityLLClimited company

Self-Employment Tax for Musicians: What You’re Actually Required to Pay and What You Can Claim

Most musicians are self-employed without fully understanding what that means for their tax obligations. Unpaid tax accumulates quietly until HMRC or the IRS arrives. Here’s a clear breakdown of what you owe, what you can offset, and how to manage it before it becomes a crisis.

taxself-employmentHMRC

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