The division might be targeted on accounting options for artists, document labels, content material creators and designers; serving to calculate how a lot royalties are resulting from them.
MIAMI, Nov. 10, 2022 (GLOBE NEWSWIRE) — Monica Uscategui, managing associate at Greenlight Monetary, launches a brand new department on the accounting agency: Music Enterprise Accounting. The division manages every part from month-to-month monetary reconciliations to tax planning and preparation.
Music royalties accounting is a distinct segment sector within the native business, however there’s a appreciable marketplace for it in huge cities like Los Angeles, New York, Nashville, Atlanta, and Miami. In truth, Greenlight Monetary is presently one of many solely companies in Miami providing this service to impartial artists and document labels. These companies embody:
Monica Uscategui attended the College of Miami with the intention of touchdown a profession within the music business. She graduated with a Bachelor’s Diploma in Music Enterprise and Leisure Industries. Now, Monica focuses most of her time on serving to music executives with their company construction and particular person tax planning. She explains, “It is crucial that musicians and executives within the business are conscious of sure tax pitfalls, a few of which might simply be averted with the suitable planning.”
Because the chief of the tax division, she additionally spearheaded a brand new sector inside Greenlight targeted particularly on tax planning and company construction. Now, tax planning has change into a vital side of Greenlight’s portfolio, serving to many high-earning people handle their wealth. Monica continues, “I’ve seen far too many artists paying considerably greater than they need to in taxes as a result of their construction will not be optimized for tax planning.”
The sensible functions of royalty accounting can profit each up-and-coming expertise in addition to established business titans. Many breakout artists earn giant quantities of cash in a short time with out hiring skilled monetary companies. “This lack of steerage usually results in splurging and long-term fiscal instability,” Monica explains. “It is important for rising artists and document labels to rent an accountant with business expertise, as it is going to in the end guarantee their lasting monetary success.”
About Greenlight Monetary:
Greenlight Monetary is an accounting agency in Miami, FL, that has been in enterprise for over 16 years specializing in customized accounting options for enterprise homeowners and high-earning people. The staff at Greenlight comes with a collective 30 years of expertise in tax preparation, planning, account reconciliation and extra.
The Greenlight Monetary tax staff is ready to method tax planning, preparation and recurring transactions with a personalized technique. Immediately, Greenlight specializes within the following monetary companies and extra:
Enterprise Improvement Director
Picture 1: Monica Uscategui
Portrait of Monica Uscategui, managing associate at Greenlight Monetary
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