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# Treat Your Production Costs Like A Business
- URL: https://www.hypebot.com/treat-your-production-cost-like-a-business/
- Published: 2018-05-29T09:16:00.000Z
- Updated: 2018-05-29T09:16:00.000Z
- Description: When it comes to taking your passion project seriously and moving things to the next level, then its time to start treating your hobby like a business - particularly when. Continue reading [https://www.hypebot.com/hypebot/2018/05/treat-your-production-cost-like-a-business.html]
- Author: admin
- Tags: DIY Advice & Tips, Music Think Tank, Songwriting & Music Publishing, Enrolled agent, Expense, Itemized deduction, Lifetime Learning Credit, Property tax, QuickBooks, Tax, Tuition and Fees Deduction, TurboTax, #wp, #wp-post, #Import 2026-01-21 10:05

[![1](http://hypebot.typepad.com/.a/6a00d83451b36c69e20224df36391d200b-200wi "1")](http://hypebot.typepad.com/.a/6a00d83451b36c69e20224df36391d200b-popup?ref=hypebot.com)

When it comes to taking your passion project seriously and moving things to the next level, then its time to start treating your hobby like a business - particularly when it comes to tax write-offs. Here we look at how formalizing your musical pursuits can save you money in the long run.

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In this new post to [MusicThinkTank](http://www.musicthinktank.com/?ref=hypebot.com), **Jeff Mowery** looks at how artists can earn back some of their production costs by treating their music the way a business would.*"For full time and committed part-time musicians, the first mistake comes in not having a business structure to hold the value brought in by way various capital via equipment and expertise. The tax structure for taking these large purchases on is better suited as a business expense in which you can legally deduct during tax time. This is only the beginnging. Travel taken to various shows are rarely written off!"* *[\[Continue Reading\]](http://www.musicthinktank.com/blog/are-you-treating-your-production-cost-like-a-business-would.html?SSScrollPosition=9&ref=hypebot.com)*

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