Which role creates and maintains the tour budget, receives payments from venues, and files state and federal taxes?

Which role creates and maintains the tour budget, receives payments from venues, and files state and federal taxes?

• A. Promoter
• B. Tour/Road Manager
• C. Tech
• D. Business Manager

Answer: (D)

The key idea is who is responsible for the financial backbone of a tour. The business manager handles money flows, budgeting, and regulatory compliance for the artist’s or group’s finances. They create and maintain the tour budget, track income and expenses, and coordinate payments received from venues. They also oversee tax obligations, typically working with a CPA to file state and federal taxes and ensure proper accounting practices. The promoter focuses on securing shows and marketing, the tour/road manager handles day-to-day logistics, and the tech deals with gear, so the financial and tax responsibilities fit best with the business manager.

The key idea is who is responsible for the financial backbone of a tour. The business manager handles money flows, budgeting, and regulatory compliance for the artist’s or group’s finances. They create and maintain the tour budget, track income and expenses, and coordinate payments received from venues. They also oversee tax obligations, typically working with a CPA to file state and federal taxes and ensure proper accounting practices. The promoter focuses on securing shows and marketing, the tour/road manager handles day-to-day logistics, and the tech deals with gear, so the financial and tax responsibilities fit best with the business manager.