$ound Advice
"Let me tell you how it will be, there's one for you, nineteen for me....yeah, I'm the tax man." George Harrison's lyrics are once again timely as April 15th is around the corner, and for most of us that means paying our tax bill. Royalty advances can be an attractive means of paying your 2008 taxes, not only because of the convenience, but also because an advance allows you to use next year's income at this year's tax rates (rather than the increased tax rate that is likely next year if the White House and Congress have anything to say about it). And that goes double for those of you who are fortunate to earn more than $250k a year.
Let me explain - Our royalty advances are technically a purchase of a fixed amount of future income for a discounted sum certain. Or in plain English, our royalty advances are a sale of a specific amount of your future royalties for an agreed price today, i.e., we purchase $11,500 of your future royalties for $10,000 today. No liens, no credit hassles and no risk to you or the ownership of your songs.
So give me a call today or go to our website to apply for your royalty advance, www.lyricfinancial.com. "Yeah, he's the tax man and you're working for no one but him."
Eli Ball
Founder of Lyric Financial
615-739-6515
www.lyricfinancial.com
eli@lyricfinancial.com
Note - Consult your tax adviser for specifics on how a royalty advance may affect your tax situation.
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Did you know?
Did you know that Lyric Financial also offers Catalog Loans & Tour Advances? We've got tools for all kinds of music folks with all kinds of needs. Call us today at 615-739-6515 for more information or email us at eli@lyricfinancial.com.
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