Business Name

Percentage of Ownership

Email

Tax Year

Advertising

Website hosting fees and domain registration

$

Online advertising costs

Social media ads, music streaming platform ads

$

Printed marketing materials (flyers, brochures, business cards)

$

Costs of attending industry trade shows or conferences for networking

$

Small promotional items like branded merchandise (t-shirts, stickers) for networking.

$

Repairs and Maintenance

Regular maintenance for studio equipment

Mixing consoles, microphones, and instruments

$

Repair costs for damaged studio equipment

$

Software updates and technical support for music production software.

$

Rent or Lease

Rent for dedicated studio space, including soundproofing materials.

$

Rental fees for instruments or specific equipment needed for a project.

$

Storage unit rental for overflow equipment or archived projects.

$

Real Estate Taxes

If you own a dedicated studio space, a portion of property taxes may be deductible

$

Interest

Interest paid on business loans used to purchase studio equipment or finance projects.

$

Insurance

General liability insurance

$

Equipment insurance to cover loss or damage to your studio equipment.

$

Business interruption insurance to protect income in case of unexpected events.

$

Utilities

Electricity costs for powering studio equipment and computers

$

Internet service fees

$

Travel

Mileage

Miles driven

Actual expenses for travel to client meetings, showcases, or industry events

$

Transportation costs for transporting equipment to off-site recording sessions

$

Supplies

Subscriptions to music production software

(DAWs, mixing plugins, mastering software)

$

Online sample libraries and sound effects collections

$

Instrument strings, cables, picks, drum sticks, other instrument-specific consumables

$

Recording media used for project storage

Tapes, hard drives, discs

$

Professional Fees

Fees paid to accountants for tax preparation and bookkeeping

$

Other Legal Fees

$

Internet service fees

$

Education

Cost of music production workshops, seminars, or online courses to improve your skills

$

Conferences or trade shows that offer educational sessions

$

Other Expenses

Subscriptions to music industry publications

$

Music streaming service subscriptions used for reference and research purposes

$

Online mastering services used for client projects

(if not already covered under supplies)

$

Business Expenses

(Sound/Music Engineer)

AE Financial Services

Contact

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