ROYALTY ACCOUNTING
We work closely with recording artists and others in the music industry through every financial and tax aspect of their music career.
The Music CPA has been providing accounting services to musicians and the music industry for over 25 years. We are CPAs who understand all aspect of the music business and have extensive experience in dealing with music royalty accounting and tour accounting, mechanical record labels, federal, state and local taxation, State of Illinois tax credits and music industry accounting.
Our Free Offer:
We will check your Royalty Statement against the labels.
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We are one of the few CPA firms that understand the complexities of royalty accounting and royalty licensing analysis. If you have hit it big, or planning the next wave to sweep the industry, the accounting for the royalty agreement materially affects your overall financial success.
Royalty Audits and Contract Review
What is the true percentage of the contract? You agreed on a percentage, but is that what your contract really says? Is your contract in accordance with industry standards? We look at contracts strictly from a financial perspective taking into account industry standards. We are not attorneys and cannot provide legal advice, but we can interpret the financial terms of your contract. When we identify issues, we can talk with your attorney or have an entertainment legal professional we are familiar with review the contract for you.
Royalty Statements Analysis
Our entertainers who receive royalty statements are offered a review of their account. The statements themselves can be complicated and we review the actual calculations on the statement to determine if the math is logical and the numbers are being properly recorded. Our analysis does not validate sales or recoupment. That function would be performed in a royalty audit as described below.
