Music 3.0 Music Industry Blog: 11/6/11

I’m always astonished at just how long a dying business can hold on. Take the cassette for instance. Which is why it should be no surprise that the ringtone business is still alive and well. Don’t get me wrong, it’s not increasing in any way, but it’s miles from inactive and buried.

8 billion little bit of the music industry by 2015. But if you look closely at the chart on the left from that study, you’ll find a fascinating item called “Personalization Services.” What the heck is that, you might be thinking? Well, glad you asked. 2.1 billion business in 2011. Just think about that for an instant. 4 or so years following the ringtone fad passed us by, people are buying ringtones – many of them still.

Years after a multitude of software has made it so easy for the average user to make their own ringtones, some individuals instead are still buying them. 2.1 billion dollars worth! 10 billion well worth of business (see yesterday’s blog for further on the existing CD business), while ringtones shall fall to in regards to a expenses . 5. Again Once, this proves the point – you shouldn’t be fooled into convinced that a business or technology is dead and gone because the numbers are trending downhill and the press has deemed it passe.

There’s much more life (and dollars) still left in those so-called deceased systems than you’d ever believe was possible. You should follow me on Twitter for daily information and improvements on production and the music business. Have a look at my Big Picture blog for discussion on common music, creation and anatomist tips and tricks. Help support this website. Any buys made through our Amazon links help support this site without cost for you.

Most individuals pay taxes onetime before a particular deadline established by the IRS. However, most business owners have to pay estimated income taxes and self-employment fees on a continuing basis. Throughout the year Estimated taxes are taxes that you pay, of the year is going to be predicated on what you think your taxable income at the end.

1,for the year must pay estimated taxes on the quarterly basis 000 in fees. The estimated tax payments you make over summer and winter are deducted from your total liability when you file your tax return. Federal taxes is a pay-as-you-go taxes and you can incur fines and interest if you neglect to make the required estimated tax payments when these are due. The Tax Cuts and Jobs Act (TCJA) reduced the U.S. 35% to a set rate of 21%. Regardless of how much income your C-corporation makes, this means you won’t pay greater than a 21% rate on income.

  • Goals – Will be the goals you set unreachable? If they’re, re-look at these goals
  • Dinner reservations
  • Eraser Making
  • Intensity of competitive/industry rivalry

If you have a dividend or distribution from the business, that is subject to a different, capital gains tax rate. Since C-corporations pay a corporate and business taxes rate, plus taxes on dividends, many people say that C-corporations are at the mercy of double taxation. Pass-through entities include S-corporations, limited liability companies, and general partnerships.

Owners of these kinds of businesses and lone proprietors record business income on the personal tax return and pay fees at their individual tax rate. Individual tax rates are determined by your level of taxable income and processing status (single or joint processing). Generally, individual tax brackets are progressive, meaning that individuals with higher income pay more taxes than those with low income. All C-corporations pay a flat 21% tax rate on net business income.

Shareholders of corporations must pay fees on dividends or distributions from the business. The dividend tax rate depends upon whether the dividends are unqualified or qualified. Dividends are qualified if you’ve held onto the underlying stock for at least 60 days. 425,800 in income. On nonqualified dividends, sometimes also known as common dividends, the dividend tax rate is equal to the shareholder’s regular income tax rate.

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