Tax Tips for Studio Teachers

This series of posts on tax tips was written by guest author Tairsa Mathews. She’s an accountant, bassoonist, and piano teacher in Utah. I am so excited that Jessi asked me to write this series of blog posts. It’s not often that I get to use my accounting degree to discuss my favorite subject: music. Read More …

Should I be a Sole Proprietor or an LLC?

A guest post by accountant, bassoonist, and piano-teacher, Tairsa Mathews When starting a business (or just adjusting the way you manage your business) there are a lot of options to choose from. Before studying accounting I didn’t know what it meant to be a sole proprietor or a limited liability company. I honestly don’t think Read More …

Keeping Tax Records

A guest post by accountant, bassoonist, and piano teacher, Tairsa Mathews One of the most important things you can do is to keep accurate records. Keep your receipts, keep your bank account separate, and keep track of the money you make. If ever you are questioned about issues with your taxes, the IRS will almost Read More …

Do I Need a Business Bank Account?

A guest post by accountant, bassoonist, and piano teacher, Tairsa Mathews To make your accountant VERY happy and your life easier at tax season, I would highly recommend having a bank account that is 100% for your business. You can have an actual business account and write checks from your business name if you choose Read More …

Business Write-offs

A guest post by accountant, bassoonist, and piano teacher, Tairsa Mathews This is my favorite topic! When you buy things for your business, you get to write them off!!  This means every time you purchase music, every time you service your instrument, when you buy rewards/prizes for your students, etc., you can write them off Read More …