Harmony Street Society is a 501c3 non-profit foundation that provides tax compliance and many other services to musicians in New Orleans. Our CPA provides personalized expert consultation, assessment, and resolution of financial issues for participants at no cost to them. We help New Orleans musicians get right with the Internal Revenue Service, Louisiana Department of Revenue, Federal Emergency M
anagement Agency, and many of other government agencies. These musicians are ill prepared to enjoy retirement. Caused by 1099 employment, the musicians typically do not pay federal and state withholdings. Annual tax fillings are not filed leading to mounting and sever tax and financial issues. They can become trapped in multiple government issues they cannot see a way to resolve causing increases in mental health and other physical illnesses. Until now they had nowhere to turn for help. Harmony Street Society’s CPA works one-on-one with each musician to create a strategy to fix all tax, financial, and other issues. The goal is to place each musician in a sound position to start fresh. We use a 3-Part Program to achieve current and maintain long-term tax compliance to place each musician on a path for social security and Medicare eligibility. The program includes Makin’ Taxes, Makin’ Payments, and Makin’ Payroll. Results to Date…
Participants: 40
Number of tax returns prepared: 196
Amount of taxes paid: $13,594.63
Amount of Stimulus funds received: $39,400
IRS Fresh Start offers submitted: 5, 2 accepted, 3 pending approvals
Grants and gifts obtained for musicians: $25,802.28
Amount of refunds received: $109,231
Debt relief obtained for musician clients: $189,211.70
Business counseling participants: 7
