Business Details
41 Years
experience
Music Industry Accounting & Tax Services
Friedman Kannenberg & Company is a Certified Public Accounting firm specializing in accounting, tax, and consulting services for the music industry. Established in 1985, we serve music product retailers, instrument manufacturers, musicians, bands, record labels, and music schools nationwide. Our team combines deep industry expertise with over 30 years of experience, offering tailored financial guidance and operational consulting. We actively participate in music trade organizations like NAMM and NASMD, contributing to industry education and standards.Our services include business evaluations, inventory management, AIMsi software implementation, and tax compliance strategies. We prioritize personalized support, helping clients navigate complex financial landscapes while minimizing reliance on external consultants. Our commitment to the music industry is reflected in our nationally recognized expertise and long-standing client relationships.
Services
Accounting Services
Tax Preparation
Music Retail Consulting
Business Evaluation
Bookkeeping
AIMsi Software Training
Speaking Engagements
Details
- Year established: 1985
Highlights and features
- We specialize in accounting and tax services for music industry businesses nationwide.
- Our firm has over 30 years of experience serving music retailers, manufacturers, and artists.
- We provide tailored solutions for inventory management and AIMsi software implementation.
- Our team actively contributes to music industry education through NAMM and NASMD programs.
- We offer business evaluations and consulting to support growth and succession planning.
What people say
Knowledgeable financial expert
Personal touch
Invaluable tax advice
Patient instruction
Services
Accounting Services
We provide comprehensive accounting services tailored to music industry clients, including financial statement preparation, compilation, and review. Our team ensures timely and accurate reporting to support business decisions. Clients rely on our expertise to manage operating costs, inventory turns, and debt structures effectively.
Tax Preparation
Our tax services include preparation, compliance, and minimization strategies for music industry businesses operating across the U.S. We handle federal and state tax returns using advanced software. We focus on reducing liabilities while ensuring adherence to evolving tax laws specific to music retailers and artists.
Music Retail Consulting
We offer specialized consulting for music retailers, addressing inventory management, accounting systems, and operational efficiency. Our on-site and on-call services identify business weaknesses and implement solutions. We help stores improve cash flow, reduce excess inventory, and enhance profitability through tailored strategies.
Business Evaluation
Our business evaluations provide accurate valuations for music retailers considering sales, purchases, or succession planning. We combine financial expertise with industry-specific knowledge to assess business worth. Services include forensic accounting, litigation support, and tax structure planning for music industry clients.
Bookkeeping
We offer bookkeeping services using QuickBooks and Quicken to track revenues, expenses, and payroll. Our team provides cash management, reconciliation, and periodic financial reporting. Clients receive ongoing training and support to maintain accurate records and optimize profitability through real-time financial data analysis.
People
Alan M. Friedman
Founding Partner
Co-founder with over 30 years of experience in music industry accounting. Active in NAMM and NASMD education programs, recognized as a leading expert in music retail financial management.
Donald A. Kannenberg Jr.
Founding Partner
Co-founder specializing in tax compliance and business consulting for music industry clients. Provides strategic guidance on financial planning and operational efficiency.
Questions
What music industry clients do you serve?
We serve music retailers, instrument manufacturers, musicians, bands, record labels, recording studios, and music schools nationwide.
Do you offer software implementation services?
Yes, we specialize in AIMsi software training and implementation for music retailers to improve accounting and inventory management.
How do you handle multi-state tax compliance?
We prepare federal and state tax returns using advanced software to ensure compliance across all jurisdictions where clients operate.
What consulting services are available for music retailers?
We provide on-site and on-call consulting to address inventory management, accounting systems, cash flow, and profitability challenges.
Can you assist with business valuations?
Yes, we offer business evaluations for music retailers considering sales, purchases, or succession planning using industry-specific expertise.
Videos
Reviews (2)
Eileen Skidgel
Mar 30, 2019
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I would definitely recommend Friedman Kannenberg. They have always made completing our taxes simple. They offer help & share knowledge whenever needed.
Dr. Dori Gatter
Feb 16, 2016
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I would highly recommend FKO to anyone! Very professional, knowledgable, and personable. They make the tax season a pleasant experience.
