This conversation covers DJ Chase Morgan's journey into DJing, the evolution of his DJ business, the impact of parenthood on his business, and his business administration strategies and tech stack. We talk about music discovery and streaming, the use of Lexicon software for music management, DJing for sports events, and the Chase's DJ style evolution.

Chapters

• 00:00 Introductions
• 09:00 Impact of Parenthood on DJ Business
• 26:02 Music Discovery and Streaming
• 31:30 Lexicon Software for Music Management
• 36:43 DJing for Sports Events
• 47:28 DJ Style and Musical Preferences

Notes and Links

• DJ Chase Morgan's IG - @djchasemorgan
• Vibodj.com - software for wedding / event DJs

Summary

The episode features a conversation between Jamie Selects and Christian Putnam, a CPA, discussing DJ taxes, business structures, and financial operations. They cover topics such as business structures for DJs, including sole proprietorships, LLCs, and S corporations, as well as income, expenses, and sales tax considerations for DJ businesses. The conversation covers tax considerations for DJs, including sales tax, expenses, travel deductions, home studio deductions, estimated taxes, record-keeping, and hiring considerations. Christian P provides insights on tax deductions, self-employment tax, and the importance of tracking income and expenses. He also emphasizes the need for estimated tax payments and proper documentation. Christian P's website is www.auger.cpa.

Key Takeaways

• Business structures for DJs include sole proprietorships, LLCs, and S corporations.
• Income for DJ businesses includes performance fees, merch sales, and event ticket sales.
• Sales tax considerations for DJ businesses depend on the location of sales and the volume of orders. Sales tax rules vary by state
• Expenses can be categorized as current or capital expenses
• Home studio deductions require regular and exclusive use
• Estimated tax payments are essential for self-employed individuals
• Proper record-keeping and documentation are crucial for tax reporting
• Hiring considerations include 1099 filing requirements

Chapters

• 00:00 Introduction and DJExpenseTracker.com
• 05:02 S Corporation Election and Tax Savings
• 13:49 Financial Order of Operations
• 21:52 Income and Sales Tax Considerations
• 27:03 Sales Tax Considerations
• 34:30 Travel and Meal Deductions
• 41:35 Home Studio Deductions
• 47:48 Estimated Taxes and Hiring Considerations

In this episode I welcome DJ Fishfonics from San Diego, CA. He has been the main reason I've been able to gig since I moved to San Diego, so super grateful to him! In this conversation we talk about how he became a top booking manager with a bunch of venues in SD, how you can get booked as a new DJ, maintaining professionalism, negotiating rates, and more.

0:00 - Intro

1:03 - Start to DJing

3:37 - Transition to full time DJing

5:37 - Twitch phase

7:35 - How did you start doing the bookings?

10:25 - How can new DJs lock in their first gig?

15:00 - Gig swaps

16:22 - Maintaining professional relationships with venue staff

20:13 - Making sure your computer works with gear at new venues

22:30 - Facilitating gear purchases with venues

26:06 - How not to ask for a gig

27:00 - Negotiating rates

31:54 - Fish's style of DJing

33:22 - What do you listen to when you're off?

39:40 - Library organization

Follow DJ Fishfonics

• Instagram: https://www.instagram.com/djfishfonics
• Twitter: https://twitter.com/djfishfonics
• Website: https://fishfonics.com/

Follow Jamie Selects

• Instagram: https://www.instagram.com/jamie_selects
• Twitter: https://www.twitter.com/jamie_selects
• Website: https://www.jamieselects.com