The Mudcat Café TM
Thread #128611   Message #2882230
Posted By: Barbara Shaw
08-Apr-10 - 01:49 PM
Thread Name: Tax Help for Musicians (U.S.)
Subject: RE: Tax Help for Musicians (U.S.)
I think of CDs as supplies for my business. Every time I order a batch I put that expense under the supplies category. In any case, it's an expense that I definitely claim, and if some auditor questions what category I put it under I'll just move it. Rather than tying it to an inventory, I simply keep track of expenses (like the cost of disk replication) and income. Pretty sure I put the studio time under professional fees as well.