PSBM | Services

FULL SERVICE BUSINESS MANAGEMENT

PSBM offers a comprehensive range of services tailored to the financial planning and wealth management needs of clients in all phases of their careers, enabling them to stay focused on their craft. Young artists and clients with developing careers look to us to both protect their current assets and grow toward their individualized goals through thoughtful collaborative planning while veteran career musicians, athletes, and entertainers trust PSBM’s guidance and strategic planning to protect their earnings and assets. PSBM’s advanced resources and our team’s broad range of industry experience allow us to provide a customized approach to suit each client’s unique needs in areas of budgeting, bookkeeping, personal account management, tour accounting, insurance assessment, financial statement preparation, tax preparation, consulting with investment professionals, and much more.

TAX SERVICES

Our approach to tax planning and compliance is meticulous and forward-thinking. The firm’s expertise in navigating the complexities of ever-evolving tax laws provides clients with significant advantages: by structuring business, investment, and philanthropic endeavors with a keen eye on minimizing global tax impact, PSBM ensures that our clients’ financial health is optimized without compromising their broader objectives. This level of strategic planning and compliance is crucial for high-net-worth individuals and wealthy families, allowing them to achieve their business goals, estate planning, and philanthropic aspirations with confidence and even more so for developing artists, ensuring that they are equipped with sound financial strategies from the outset. The assurance, diligence, and peace of mind that PSBM’s tax experts bring to the table are invaluable assets in an industry where precision and adaptability are key.

FINANCIAL ADVISORY

Whether the focus is intricate deal structuring, investment oversights, cash flow analysis, or valuing complex income streams, our staff draws from a deep well of experience when navigating both the challenges and rewarding aspects of a successful career. Our clients have worked hard to achieve their goals and look to our committed team to help ensure their long-term financial health.

ROYALTY AND LICENSING SERVICES

We have extensive experience in conducting global royalty and contract compliance examinations. With a team dedicated to royalty collection, analysis, and review, our proficiency spans a diverse array of intellectual property rights—including live and recorded music, synchronization, endorsements, published works, etc.—ensuring clients receive every dollar they’ve rightfully earned no matter the industry. It is this commitment to thoroughness and accuracy that reflects PSBM’s dedication to serving our clients with the highest standards. With PSBM, you can trust that your royalties are in the best hands.

ACCOUNTING SERVICES

PSBM offers a comprehensive suite of accounting services tailored for music and entertainment professionals. Our services include:

- General Ledger Accounting: Maintaining and managing the main accounting records.
- Bookkeeping Services: Recording financial transactions and ensuring accurate financial records.
- Tour Accounting and Reconciliations: Managing finances related to national and international touring, including settlements and reconciliations.
- Tour Budgeting: Creating and managing budgets for tours of all sizes to ensure financial efficiency.
- Film Production Accounting: Handling the unique financial needs of film production, from budgeting to cost reporting.
- Cash Flow and Budgeting Analysis: Analyzing cash flow patterns and creating budgets to improve financial planning.
- Payroll Services: Overseeing payroll solutions and related tax filings.
- Accounts Payable & Receivable Processing: Handling incoming and outgoing payments to maintain financial health.

PERSONAL FINANCIAL PLANNING

At PSBM, our goals for clients, including long-term financial security and health, are well-aligned with the comprehensive services that we offer. Our Personal Financial Planning model is robust, covering essential areas such as:

- Cash Flow & Budgeting Implementation: Ensuring clients have a solid plan for their income and expenses.
- Asset Acquisition & Financing: Assisting clients in acquiring assets and managing the financial aspects of these investments.
- Retirement Planning: Helping clients prepare for a financially secure retirement.
- Estate Planning: Guiding clients in arranging for the management and disposal of their estate.