Business Management

BUSINESS MANAGEMENT SERVICES

  • Pay client’s bills
  • Review invoices for accuracy and payment
  • Deposit incoming checks and cash into client’s bank accounts
  • Track income that is due
  • Payroll functions including filing necessary payroll tax returns and forms
  • Apply for credit cards and loans
  • Arrange for services such as utilities and telephones
  • Arrange approval process for all bills and payments
  • Review cash flow and discuss any foreseeable problems
  • Prepare monthly cash flow reports for each bank account, detailing all cash receipts and disbursements

TOUR ACCOUNTING

  • Manage financial aspects for touring artists ranging from the largest stadium tours to club tours
  • Handle day to day activities such as paying bills, depositing incoming moneys, payroll and dealing with vendors
  • Assist in negotiation of vendor agreements
  • Prepare and/or assist in preparation of tour budgets
  • Provide a comparison of the tour budget to actual
  • Update road reports in real time via an electronic system
  • Work with record companies to obtain tour support and provide appropriate documentation
  • Prepare state tax budgets to reduce state taxes withheld
  • Prepare and work with other local professionals to reduce foreign tax liabilities
  • Review show settlements, agency commission statements and merchandise statements as necessary Prepare a complete financial statement at end of each tour

ROYALTY REVIEW AND ADMINISTRATION

  • Full time, in-house experienced royalty administrator
  • Review incoming royalty statement for accuracy
  • Track due dates of royalty statement and advances to insure timely receipt
  • Negotiate and prepare mechanical and synch licenses
  • Provide tour set lists to performance rights societies
  • Provide cue sheets to performance rights societies
  • Negotiate and set up domestic and foreign administration and publishing deals
  • Prepare royalty statements for band members, outside parties, co-writers,  co-publishers
  • Prepare commission statements

BUSINESS STRUCTURE PLANNING

  • Review the various options for setting up corporations, partnerships and limited liability companies
  • Analyze and provide recommendations as to the best type of entity to form for each business activity
  • Coordinate with the client’s attorney for the formation of any entity

Related Media

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Set up filters in Outlook or Gmail to funnel away emails that are less pressing.

Track how well you’re doing with RescueTime software, which analyzes computer behavior and sports workflow inefficiencies; a ‘lite’ version is free.”- Money Magazine

 

Professionals at Adeptus who Specialize
in Business Management Services

Howard Krant, CPA, Founding Partner Adeptus Partners, Adeptus CPAs

Howard S. Krant

Managing & Founding Partner, CPA

Jordan Krant

Accountant & Advisor

Allison Krant

Accountant & Advisor

Contact OUR PROFESSIONALS ABOUT THIS SERVICE

Adeptus Partners LLC