Tax Compliance and Financial Expertise for New Orleans Musicians
Harmony Street Society is a 501c3 non-profit foundation that provides tax compliance and many other services to musicians in New Orleans. Our CPA provides personalized expert consultation, assessment, and resolution of financial issues for participants at no cost to them.
What We Do
Harmony Street Society is a 501c3 non-profit foundation that provides tax compliance and many other services to free lance musicians in New Orleans to avoid future penalties and give them a fresh start. Our CPA provides personalized expert consultation, assessment, and resolution of financial issues for participants.
Until now, they had nowhere to turn for this kind of help.
Tax debt and bureaucratic issues can affect mental and physical health, and we believe in giving musicians the help they need so they can continue to create freely – and in harmony.
Makin’ Taxes, Makin’ Payments, and Makin’ Payroll.
Harmony Street Society’s CPA works one-on-one with each musician to create a strategy to fix all tax, financial, and other issues. The goal is to place each musician in a sound position to start fresh. We use a 3-Part Program to achieve current and maintain long-term tax compliance to place each musician on a path for social security and Medicare eligibility. The program includes Makin’ Taxes, Makin’ Payments, and Makin’ Payroll.
Makin’ Taxes is a tax, finance, and retirement set-up service for New Orleans’ musicians. This program provides a one-time fix to tax and other financial compliance issues.
Makin’ Payments prepares the musician to make periodic tax payments on-line. That way at year-end they have paid in; the goal is to owe a little, nothing at all, or to get a small refund. Accounts are established with the Internal Revenue Service and the Louisiana Department of Revenue that allows the musician to login and make direct payments based on their frequency and amount of pay. In addition, an account is established with the Social Security Administration. Having the accounts however does not mean payments are always made, and the musician remains a 1099 employee. Under Harmony Street Society’s Makin’ Payroll service, we create a corporation for the musician and they become a W-2 employee of their company. All income from the musician’s performances is paid to the corporation. A payroll service is provided, and payday withholdings occur at the frequency and the amount of pay the individual wants. Under this program, taxes are withheld automatically for the musician.
