Business Details
41 Years
experience
Your Trusted Music Industry Accounting Partner
Friedman, Kannenberg & Company has provided specialized accounting, tax, and consulting services to music industry clients for over 30 years. Our expertise stems from active participation in music trade organizations like NAMM, NASMD, and RPMDA, combined with hands-on experience serving retailers, manufacturers, musicians, and educators nationwide. We deliver tailored financial solutions through a team of CPAs and consultants who understand the unique challenges of the music industry.Our commitment to innovation is demonstrated through advanced technology adoption, including AIMsi software training and cloud-based tax research tools. We prioritize long-term client relationships by offering fixed-fee structures, minimizing reliance on external vendors, and maintaining deep industry knowledge through continuous education and thought leadership in music retailing.
Services
Accounting Services
Tax Compliance
Music Retail Consulting
Business Valuations
AIMsi Software Training
Details
- Year established: 1985
Highlights and features
- We offer 30+ years of music industry-specific accounting expertise
- Our team includes CPAs with hands-on experience in music retail operations
- We provide fixed-fee structures with no hidden costs
- We maintain active roles in NAMM University and Yamaha Financial Advantage programs
- Our AIMsi software specialists reduce client dependency on external consultants
What people say
Knowledgeable financial experts
Personalized support
Effective consulting services
Patient instruction
Timely financial data
Services
Accounting Services
We provide comprehensive accounting services tailored to music industry clients, including financial statement preparation, compilation, and review. Our team ensures accurate tracking of inventory, receivables, and operational metrics critical for music retailers and manufacturers. With specialized knowledge of industry-specific challenges, we deliver timely financial data that supports informed business decisions and growth strategies.
Tax Compliance
Our tax compliance services address complex multi-state requirements for music industry businesses. Using advanced software and continuous tax law research, we prepare federal and state returns while implementing strategies to minimize liabilities. We specialize in tax issues related to instrument rentals, cross-state operations, and entertainment industry income structures, ensuring compliance with evolving regulations.
Music Retail Consulting
We offer targeted consulting for music retailers addressing cash flow, inventory management, and operational efficiency. Our consultants identify business weaknesses and implement customized solutions to improve profitability. Through on-site and remote engagements, we help retailers optimize accounting systems, reduce excess inventory, and strengthen internal controls while minimizing long-term consultant dependency.
Business Valuations
Specializing in music industry business valuations, we provide accurate assessments for sales, acquisitions, and succession planning. Our CPAs combine financial expertise with deep industry knowledge to evaluate music stores, manufacturers, and production companies. We deliver comprehensive reports that meet requirements for estate planning, litigation support, and financing applications.
AIMsi Software Training
We provide implementation and training services for AIMsi accounting software, specifically tailored for music retailers. Our certified trainers help businesses master inventory tracking, financial reporting, and operational management features. By focusing on system customization and staff training, we enable clients to maintain independent control over their accounting processes while maximizing software capabilities.
People
Alan M. Friedman
Co-Founder & Managing Partner
With over 40 years of experience, Alan specializes in music industry accounting and software solutions. He contributes to NAMM University programs and has developed educational resources for music retailers.
Donald A. Kannenberg, Jr.
Co-Founder & Partner
Bringing 40+ years of expertise in accounting and business valuation, Don serves diverse businesses while maintaining focus on music industry clients through specialized consulting services.
Daniel L. Jobe
Managing Director, Music Retail Consultant
Daniel offers 25+ years of experience in music retail operations and AIMsi software implementation. He specializes in solving inventory management and operational efficiency challenges for music retailers nationwide.
Evan M. Kalish
Accounting & Tax Manager
Evan focuses on multistate tax compliance for music industry clients, handling accounting and tax matters for artists, studios, and equipment manufacturers with specialized expertise in entertainment taxation.
Lori A. Gates
Music Retail Accounting Manager
Lori combines 20 years of CPA experience with direct music retail management knowledge, specializing in year-end accounting engagements and AIMsi software implementation for instrument retailers.
Questions
Do you specialize exclusively in music industry clients?
While we serve other industries, we focus on music-related businesses including retailers, manufacturers, artists, and educators through dedicated expertise and resources.
Can you help with state-specific tax requirements?
Yes, we prepare tax returns for all 50 states using advanced software and provide compliance strategies for multi-state music business operations.
Do you offer software implementation support?
We specialize in AIMsi software training and implementation tailored for music retailers, with consultants certified in both accounting and retail operations.
How do you handle business valuations?
Our valuations combine CPA expertise with music industry knowledge, addressing sales, acquisitions, and succession planning needs for retailers and manufacturers.
Can you assist with cash flow problems?
We identify operational inefficiencies causing cash flow issues and implement targeted solutions including inventory management and financial reporting improvements.
Are your services available remotely?
Yes, we serve clients nationwide through secure technology platforms while maintaining personal consultation and support.
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