Tuesday, April 21, 2009

Working in the advertising business

As a musician you have many different options of what you can do to make a living. Last week two men came in (Brian and Danny) who are composers for a music house, a company that sells  music to advertisers and for film and t.v. It used to be a very lucrative business for studio musicians. Nowadays it isn't. You can still make money doing it but I wouldn't bank your career on it unless you are a composer, which most musicians do now anyway.  I plan on bringing a demo to them next fall. 

check out the website for the music  house they work for: In the Groove Music

Money Talk

About a week ago Damon Schuler came in to talk about finances and such. Saying that your profession is musician on your taxes isn't all you have to do. We have so many different things we can write off. For instance myself being a horn player can write off reeds.   Instrument Repair, clothing, mileage to and from gigs and rehearsals, can all be written off. There is a downside however. If your totals after all the write offs is a negative number for a certain number of years (3) the IRS will think that your career is just a hobby and they will come audit you. The most important thing I learned that day was  hire an accountant!