What is the name of your state? NY
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I am looking into starting one where we would hold concerts to raise money for local charities. We would ask for a donation at the door and pay the bands 40%, the charity, 40% and hold 20% for building maintainence and utilities. I am wondering as far as tax filing goes how we would list the payment to the bands? Is that just an expense?
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I am looking into starting one where we would hold concerts to raise money for local charities. We would ask for a donation at the door and pay the bands 40%, the charity, 40% and hold 20% for building maintainence and utilities. I am wondering as far as tax filing goes how we would list the payment to the bands? Is that just an expense?