#143

Time for Taxes ✅

Today's read ... 8 

minutes

It is time to get your taxes done! This week we are back, breaking down the basics with BOH friend Miguel Williams.

Here for the DartyOscar winner Jamie Lee Curtis told The Hollywood Reporter that she wants to see Coldplay at noon instead of 8 PM and Brooklyn Bowl’s Peter Shapiro says one of the reasons you can’t rock out then is due to the venue’s inability to sell drinks during the day, but the demand for mid-day revelry may actually be increasing. Lately, some Japanese rock artists have been starting - and ending - their shows earlier, in a reflection of their audience. And it seems that even EDM audiences, typically known for going all night long, may be interested in earlier start times, including daytime “dartys”, according to Disco Donnie.

ATTENTION - FESTIVALS AT RISK15 festivals in Montreal, QC have penned an open letter to the government asking for additional financial support due to the ongoing effects of Covid. They have asked the government to "implement measures to improve working conditions and help us to structure our activities for the coming years."

Support for FAIR Ticketing Reforms GrowsOver 20 live music industry organizations have announced their support of Live Nation’s FAIR Ticketing reforms, including Universal Music Group, Red Light Management, major music talent agencies CAA, UTA, Wasserman, WME, and others. The Fans & Artists Insisting on Reforms Act calls for Congress to “protect fans, artists and the vitality of the live entertainment industry.” Independent promoters, including LN’s fellow hearing witness, Jam Productions, and other ticketing companies like AXS are not part of the list.

Non-Transferable TicketsThe Cure is fighting against every box office manager's archnemesis, ticket scalpers. In this attempt, they are making tickets to their US show nontransferable. This too is in hopes to keep prices from skyrocketing. 

Rochester SurgeA crowd surge at a GloRilla and Finesse2tymes concert in Rochester, NY led to the death of 1 fan, with several others severely injured after alleged gunshots caused a rush towards the exits. Police have been unable to find evidence of gunshots and are looking into causes for the surge, including “possibly crowd size, shots fired, pepper spray and other contributing factors.”

Show Me the BarcodeFans at a record-setting Ed Sheeran concert in Melbourne, Australia were forced to wait in long lines to print their tickets at a single location due to mobile ticket issues with the Ticketek system. The ticketing company experienced a glitch during the 108,000-person event that would not display the barcode needed for entry in the app, only the order info. Guests were encouraged to download their tickets before arriving, but those who didn’t had to wait in a line to have their tickets manually printed out before being able to enter the packed venue.

Is Lana Del Ray Pulling Out of Glastonbury?After not getting headliner billing on this year’s Glastonbury poster for her headliner slot on the Other Stage, Lana Del Ray is hinting that she might pull out of the festival via some comments on social media. “Thanks for announcing that I was headlining the other stage. Thumbs up,” wrote Del Rey in a comment on Glastonbury’s lineup announcement post on Instagram. And in another post, she wrote, “Well, I’m actually headlining the 2nd stage, but since there was no consideration for announcing that, we’ll see.”

Live Music Demand in UkraineWhile Ukraine is still very much in the middle of a war, the live music industry has persevered. There is still a demand for concerts - albeit concerts with very tough challenges and restrictions due to air raids, electricity cuts, curfews, etc. - including concerts with charitable angles and concerts for soldiers on the frontlines. Many industry workers, including musicians, have left and either pivoted to different industries or joined the army, but there is hope that they will return to music when the war is over.

Rapper Collapses on StageSouth African rapper Costa Titch collapsed on stage during his set at Ultra South Africa in Johannesburg on Saturday and later died. The rapper was just 28 years old. The cause of death has not been reported. His family shared a tribute to the young rapper on Instagram, “We're thankful for the emergency responders and all those present in his last hours on this earth. As a family, we are faced with a difficult time as we try to make sense of what has befallen us and ask that we be afforded the time and space to gather ourselves.”

Okeechobee FatalityIn other solemn news, Florida’s Okeechobee Festival confirmed the death of a 26-year-old guest during this year’s event. An investigation is ongoing, but the initial cause of death is “apparent drowning.” The festival released a statement on social media sending condolences to his loved ones. 

Meet Ansley Segal! She’s a BOH subscriber eager to segue her marketing career into the music industry. 

Ansley has an indefatigable spirit, driven at its core by music and live entertainment. She’s skilled in experiential marketing, event coordination and execution, marketing strategy, digital/social media marketing, and has a vast knowledge of country music. She graduated from The University of Alabama in 2021 with a master's degree in marketing with a specialization in digital and social media and a bachelor's degree in marketing. Since graduating, she has been involved in the successful execution of numerous campaigns at 160over90, an Endeavor company. 

Ansley is specifically seeking a coordinator or manager role with focus on concerts, artists, brand partnerships, and integrated marketing. You can find her on LinkedIn.

Have you done your taxes yet?

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Last Week's Results:

55% of BOH readers' favorite type of venue is an outdoor venue.

Headliners, Lineups, and Festival Announcements 

  • Road To ULTRA India will make its celebrated return to Mumbai on April 14 and Bengaluru on April 15 after a  five-year hiatus with Afrojack, KSHMR, and James Hype. 

  • The 2nd Annual Strength of a Woman Festival and Summit, a collab between Mary J. Blige, Pepsi, and Live Nation Urban, is set for May 11-14 at State Farm Arena in Atlanta, GA.

  • CMA Fest is celebrating its 50th Anniversary in downtown Nashville, TN with Tim McGraw, Jason Aldean, Luke Bryan, Jimmie Allen, Luke Combs, and Miranda Lambert, June 8-11.

  • Creamfields South will feature Calvin Harris, Carl Cox, Hannah Laing, Swedish House Mafia and Fatboy Slim May 26-28 in Chelmsford, UK while Creamfields North (same headliners) takes place in Daresbury, Cheshire, UK August 24-27. Full lineups will vary between fests.

  • Montreal, QC’s Osheaga Festival of Music and Art features Billie Eilish, Kendrick Lamar, Fred Again, and Rüfüs du Sol from August 4-6 at Parc Jean-Drapeau.

  • On August 5-6, HARD Summer Music Festival returns to Los Angeles with Kaskade, John Summit, Skrillex, and Four Tet. 

  • Rocklahoma headliners Godsmack, Pantera, Rob Zombie, and Limp Bizkit will take to the stage at the Pryor Creek Music Festival grounds in Pryor, OK, September 1-3, with the pre-party kicking things off on August 31. 

  • A new festival from Brooklyn Made Presents + Crush Music, The Cave Mountain Catskills Music Festival, is coming to Windham Mountain, NY along with headliners Weezer, Joe Russo’s Almost Dead, Dinosaur Jr., September 15-16. 

  • DWP’s Bourbon & Beyond Festival is returning to Louisville, KY after a banner year in 2022. This year’s headliners include Brandi Carlile, The Killers, The Black Keys, and Bruno Mars; September 14-17.

  • Zach Bryan, Ashley McBryde, and Nathaniel Rateliff & the Night Sweats are headlining Pilgrimage Music & Cultural Festival, September 23-24 in Franklin, TN.

It’s that time of year again - TAX SZN - and while our expertise tends more towards Festival Season, we’ve got a guy. Miguel Williams of Williams & Associates specializes in tax preparation for live event professionals and small businesses and he offered some insights and tips to help with your filing. If you have specific questions for Miguel or want his help with your taxes, send him a note.

Here are some of the highlights from Miguel. You can also read our full conversation here.

  • No new stimulus payments in 2022 and some tax credits are returning to 2019 levels (including the Earned Income Credit, Child Tax Credit, and Dependent Care Credit), so you may receive a significantly smaller refund this year.

  • The Standard Deduction was raised due to inflation (yet again). Reminder: if you take the standard deduction, you cannot deduct your charitable contributions.

  • There was talk of having to file a 1099-K for payments from Third Party Settlement Organizations over $600 (think Venmo, Xelle, Ca$hApp, etc.) vs the current $20k threshold, but it’s been postponed to the 2023 tax year.

  • It’s important to go into the tax season prepared and not rushing to get things filed. Utilize the time to gather all documents that are tax related to properly file your taxes the first time around. Filing an accurate return can prevent errors, delays, and daunting IRS notices. So if you had any dividends paid to you or even crypto, it is a great idea to take your time and get sound advice from a tax professional (like Miguel). Also, a key note is to set up an IRS Online account to make sure you track all of your tax activity. You will be able to see past filings and be able to see all the forms that were reported to the IRS on your behalf. 

Deadlines: March 15 for Partnerships and S Corporations; April 18 for individuals and 1st installment of 2023 estimated taxes. If you plan to file an extension (must be done by April 18), your taxes will be due October 16.

 

Become a tea farmer for a day and explore the breathtaking beauty of Nepal through immersive tea tours.

 Recordings of women making music (and more!) around the world in honor of International Women’s DayVinyl has taken the lead surpassing the CD for the first time in years when it comes to physical music sales. 

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