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Tax Tips for Musicians

Tax Tips for Musicians: Don’t Miss these Deductions

It’s that time of year again – Tax Season. But don’t you fret! We got your guide to some glorious deductions you can receive as an artist. Most likely, you are considered an independent contractor and receive 1099 tax forms from different gigs. This means you are entitled to deduct your business expenses from your...
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Turn 1,000 Fans into $100,000

As Barrett Strong sings, “Your love gives me such a thrill, but your love don’t pay my bills. I need money. That’s what I want.” You’re an artist, you love creating works of art to share with your fans, but let’s keep it real, you need money too! Keep reading to see how you can...
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Advance to Possibilities: First Advance Checklist

Ready to apply for your first royalty advance? Read this post. Below are tips to ensure you are completely prepared. Trust me, being prepared will make the process a breeze. First Advance Checklist Have your current earnings in front of you – There is no doubt that the first question any company will ask you is: “What...
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Advance to Possibilities: Don’t Make These 4 Mistakes

Advance to Possibilities: Don’t Make These 4 Mistakes As we discussed in “Invest in the Best”, royalty advances can be a fantastic tool to further your career. Today, I will shed light on the nitty gritty of the mistakes artists make when they take an advance. The goal is to have their mistakes serve as...
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Advance to Possibilities: Invest in the Best

Advance to Possibilities: Invest in the Best Welcome to the first installment in “Advance to Possibilities.” As I mentioned last week the introduction to the series, the goal of the coming weeks is to answer all your questions regarding advances. So let’s get started! What Is an Advance? For our purposes, when we talk about...
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Advance to Possibilities: An Introduction

Advance to Possibilities: An Introduction FINANCING: The ultimate F-word. Financing, such as credit cards, advances & loans have gained a bad rap in our society. But does it have to be this way? I argue that financing, when used responsibly, financing can be a powerful tool in building your career. We live in a culture...
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Your Questions Answered: Navigating Online Distro and Streaming Options to Maximize Revenue

Your Questions Answered: Navigating Online Distro and Streaming Options to Maximize Revenue We just launched a new feature on our social media platforms where you can submit a question and Lyric Financial’s CEO Eli Ball will answer! Eli began his career as a producer, where he guided a range of studio and live productions from...
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Valerie June Speaks (and Leads Her Successful Career) From the Heart 

Valerie June Speaks (and Leads Her Successful Career) From the Heart Memphis soul singer Valerie June is a true rising star. Bob Dylan noted her as an artist to watch and Brad Pitt recently stopped by one of her shows. But what’s even more interesting (to us, at least) about this genuine and inspiring artist is...
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Your Questions Answered: Making Smart Career Decisions After of Organic Success

Your Questions Answered: Making Smart Career Decisions After of Organic Success We just launched a new feature on our social media platforms where you can submit a question and Lyric Financial’s CEO Eli Ball will answer! Eli began his career as a producer, where he guided a range of studio and live productions from award...
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The Truth About Recording & Publishing Deal Advances

*Written by Lyric Financial CEO, Eli Ball, this blog was originally posted via ASCAP’s blog here. Congratulations, you’ve gotten your music career to the point that someone is offering you real money. Why? Because they believe they are going to make a lot more money off you and your music than they are advancing you. Nothing wrong with...
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