Tag Archives: Entertainment & Sports (Sentinel)
Making it big at an early age is a dream that comes true for a small number of performers and their parents. Careful planning can boost the chances that these child stars will be among the even smaller group who remain successful into adulthood.
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Singer David Allan Coe famously said that the perfect country song had to contain “Mama, or trains, or trucks, or prison, or gettin’ drunk.” Songwriter Steve Goodman obligingly added a verse containing all five to “You Never Even Called Me By My Name.” The song’s popularity demonstrates that country fans have a sense of humor about the disasters that fill the lyrics of some of the genre’s most famous songs.
But the misery of the home of country music, Nashville, Tennessee, in 2010 was all too real.
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For fans, news of an upcoming tour featuring a favorite artist prompts celebration. For musicians, a tour can and should be just as exciting – but it is also much more complicated. Whether you take care of your own recordkeeping or work with a road manager, you should still take time to understand the basics of how your tour’s finances work.
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After a tour, musicians have many tax considerations to bear in mind. Don’t neglect deductions, state taxes or international taxes.
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If you make a short film that includes someone singing “Happy Birthday to You,” until recently you could expect to pay a hefty licensing fee to Warner Music Group – or a heftier fine, if you used it without permission.
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