Ready for tax time?
Tips and Deductions for Songwriters and Musicians
This
is that dreaded time of year for pulling things together for filing
taxes and a good time for considering things you may not have
thought of in the past. One of the most common questions taxpayers
ask their tax advisors is, what can I deduct? The answer to that
question depends upon the industry of the taxpayer. The Internal
Revenue Code (Code) doesn't provide a comprehensive list. Rather,
the Code simply states that you may deduct what is ordinary and
necessary for your business. It is up to you to determine what
is ordinary and necessary; and...
--Read more
SGA
Foundation Co-Sponsors WannaBeatles'
Reenactment of Beatles' Legendary Rooftop Performance
On
Jan. 30, 2009, the Songwriters Guild of America Foundation co-sponsored
a special 40th Anniversary celebration of the Beatles' legendary
rooftop performance in London.
A portion of the proceeds from donations and the
sale of WannaBeatles merchandise benefited the MENC: National
Association for Music Education, an organization that advances
education by encouraging the study and making of music.
--Read more
What
Is a Publishing Deal?
And Do I Really Need One?
The
term "publishing," most simply, means the business of
copyrights. As a songwriter you own 100 percent of your song copyright
and all the related publishing rights until you sign those rights
away.
--Read more
SGA Member Kylie Edmond Signs with Missing Link Music
SGA
member Kylie Edmond started her new year off right, signing with Missing Link Music
in January.
Missing Link is one of the music industry's leading
music publishing and copyright administration companies. They cover
all genres of music from R&B and rock to hip-hop to jazz.
Missing Link will pitch Kylie's songs for TV/Film
and for other artists' projects.
--Read more
SGA Welcomes Grand Ole Opry and Cajun Star to Its Ranks
The
Songwriters Guild of America recently welcomed Grand Ole
Opry star and Cajun music icon Jimmy C. Newman to its roster of all-star songwriters.
Newman is a native of High Point, La. and is known for his song,
"A Fallen Star," a hit that crossed into the Pop Top 25 and remained there for weeks.
Newman
joined the Cajun group Chuck Guillory's Rhythm Boys as a teenager.
After several years, he was signed to Dot Records and achieved
his first hit "Cry, Cry, Darling."
--Read more
Tersini Collaborates with Top-10 Songwriters
Up and coming singer-songwriter and SGA member Danielle Tersini sat down, recently, with East Coast Project Manager Mark Saxon to discuss her songwriting and networking efforts. Danielle performs, regularly, at the 'Girlâs Rock The
Night' event in New York City and has gained collaborative opportunities with hit songwriters through her SGA association.
--Read more
Beginning of the End
for the Old-Time Record Store Fan
By Mark Saxon, East Coast Project Manager
The
Times Square Virgin Megastore in New York, which is the highest
volume music store in the U.S., will shut down in April, according
to a story in a recent Billboard article.
The article cites real-estate
problems as the cause, stating that Virgin is paying far less
per square foot than the real estate is worth.
The closure
would leave the Virgin chain with just five stores, and the status
of another of its' stores, also in New York, may also be in jeopardy.
--Read more |
