Thursday, February 9, 2023

Breakdown of Tax Write Offs for Musicians Starting Out. PT 1. Your Instrument!

via unsplash.com photo credit: Karim Manjra

Starting your self-employment journey as a gigging musician is an exciting adventure filled with opportunities to grow your talent, reach new audiences, and create the life you've always dreamed of. But with the freedom to pursue your passions comes a new set of responsibilities, including managing your finances and making sure you're taking advantage of all the tax write-offs available to you. Don't worry, I've got you covered! Let's navigate the complex world of taxes and make sure you're keeping more of your hard-earned cash where it belongs – in your pocket. Below we'll start off with some basics in instrument upkeep and repair. Make sure to keep those receipts!

Stringed Instruments: Guitars, Violins, Basses, Banjos & Beyond

Instrument maintenance and repairs are a crucial aspect of keeping your stringed instrument in top playing condition. Some common maintenance tasks for stringed instruments include changing strings, cleaning the instrument, oiling the fingerboard, tightening screws and bolts, and adjusting the bridge and sound post. For repairs, it could range from fixing cracks, replacing damaged parts, fixing loose joints and fixing damaged sound post and bridges.
It is important to regularly maintain and repair your stringed instrument to ensure it continues to sound its best and lasts for many years to come. A good rule of thumb is to have your instrument professionally serviced once a year, or more often if you play frequently. A well-maintained instrument will be more comfortable to play, will sound better, and will hold its value longer.

Singers: It's not just only about being hydrated ;)

Vocalists, the primary maintenance and repairs needed are for their vocal cords and their microphone equipment. Keeping their vocal cords healthy and in good shape is essential for a vocalist to perform at their best. This may include practicing good vocal hygiene, such as avoiding yelling or excessive talking, staying hydrated, and taking breaks from singing when necessary.
Maintaining their microphone equipment, such as ensuring it is clean and in good working order, is also important for a vocalist to be able to perform effectively. In addition, vocalists may choose to invest in lessons or coaching to help maintain and improve their singing skills. Lessons depending on various factors may start anywhere from $50-$150/hr to group lessons being more affordable. It's best to shop around and find a teacher suitable for you.


via unsplash.com photo credit: Jonny Swales




Brass & Woodwind Players: Dents, Dings, Joints & Keys!

For brass and woodwind players, regular maintenance and repairs can include:

  1. Cleaning: Regular cleaning of the instrument can help prevent build up of saliva, oil, and dirt that can impact the sound quality and cause malfunctions.
  2. Pad Replacement: Over time, pads on the instrument can deteriorate and need to be replaced in order to maintain the proper airtight seal for optimal sound.
  3. Joints and Keys: Joints and keys on the instrument can become loose over time, and may need to be tightened or replaced to maintain proper function.
  4. Dents and Damage Repair: Brass and woodwind instruments are susceptible to dents and other types of physical damage, which can impact their sound quality and overall performance. These repairs can include filling in dents and straightening out bent tubes.
  5. Valve and Slide Alignment: Proper alignment of the valves and slides on the instrument is essential for optimal sound and ease of play. These components may need to be adjusted periodically to maintain the proper alignment.
Professional Maintenance: Regular professional maintenance is important for brass and woodwind instruments to ensure that they are in good working condition and produce the best possible sound. This may include a full overhaul or simply a tune-up, depending on the individual needs of the instrument.

For those that bang on things this one's for you

For drummers and percussionists, common maintenance and repairs may include:

  1. Replacing drumheads: Over time, drumheads can become worn, torn or cracked, and will need to be replaced.
  2. Tuning drums: Regular tuning of drums is important to ensure they sound their best and to maintain proper pitch.
  3. Fixing cymbals: Cymbals can crack or become dented over time, and need to be repaired or replaced.
  4. Replacing hardware: Hardware such as lugs, tension rods, and stands can wear out or break over time, and will need to be replaced.
  5. Cleaning and oiling: Regular cleaning and oiling of drum and percussion equipment is important to prevent rust and maintain their longevity.
  It's important for drummers and percussionists to stay on top of their instrument maintenance to ensure they're always ready to perform their best. Taking care of your instruments is not only important for your performance but also for your financial health. 

  By making sure you have a good understanding of what repairs and maintenance you need to keep your instruments in top condition, and by keeping track of receipts for these expenses, you can ensure that you're getting the most out of your tax write-offs. With the right knowledge and planning, you can focus on what you do best – creating music and entertaining your audience – while also managing your finances smartly. So, don't fear telling your partner about that new guitar/bass/saxophone or condensor mic, as long as you keep good records you'll see some of that money back when you file your quarterly taxes!

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