Lori’s $7,000 Tax Mistake

Understanding taxes matters more than you think as a piano teacher. Unfortunately, Lori had to learn this the hard way. The $7K lost kind-of-way. And for many piano teachers, taxes feel like something to deal with later - or worse - something to avoid completely.

| Not understanding how taxes work can cost piano teachers thousands of dollars.

Unlike traditional W-2 employees, piano teachers are responsible for tracking their own income, expenses, estimated payments, and self-employment taxes. And often, they do all of this without clear guidance. But small misunderstandings can snowball into big financial consequences, especially as your studio grows.

One of the most painful examples I’ve heard comes from Lori of Evolve Music Studio Solutions, who openly shares a costly tax mistake she made early in her business. A mistake that added up to $7,000 simply because she didn’t yet know what she didn’t know.

Her story is an important reminder that:

• Even smart, experienced teachers can miss key tax details

• Mistakes often come from lack of education, not negligence

• Learning this now can save you significant money later

| Read Lori’s full story and lesson learned HERE:

https://evolvemss.com/blog/my-7-000-tax-mistake

Taxes don’t have to be scary, but they do require preparation. When you understand how your income, expenses, and payments work together, you’re better equipped to build a studio that supports you financially, not just creatively.

If you’ve ever felt unsure about whether you’re doing taxes right, learn more and get support from our newest upcoming workshop! Details to be released soon.