By: Sacha Walton, SWI Management Group
It was 1984, and I remember listening to the radio to what we now know as old-school hip hop flooding the airwaves. The days of Beat Street, New York City Breakers, Pumas with the fat shoe laces, DJ battles, UTFO, and The Rapping Duke, while everyone was doing the Wop and singing La-Di-Da-Di. “6 minutes Dougie Fresh You’re On!” Listening to DJ Red Alert Hot 97 mixtapes, with female duo Frick and Frack.
As we approach the 50th anniversary of hip hop, I can’t help but give a shout-out to the queens of hip hop who blazed the trail for many female rappers for Women’s History Month.
As an independent artist, the task of running a business is not easy. The challenges of staying ahead of the competition, keeping up with industry trends, and growing your fanbase can be daunting. But with the right resources and a little bit of dedication, it is possible to make your music business successful.
Whether you are a rising artist, or someone who has been in the game for a while, understanding taxes and business ownership is key to success. This article will help you make sense of the different tax strategies that apply to music artists, as well as strategies for structuring your business and minimizing your tax liabilities.
My name is Sacha Walton, and I help independent music artists operate as business owners to better navigate the business of the music industry with ease. It is my belief that “An Educated Artist Creates Leverage,” which is a quote from my book, Beyond The Music: A Music Artist Entrepreneurship Guide.