Case Study: Soundrop achieves global, tax-compliant artist payouts with Trolley

Music Distribution Platform Soundrop Gets Tax Compliant With Trolley

Soundrop, a music distribution platform for independent artists, faced the challenge of automating global royalty payouts and tax form compliance. Their previous methods, PayPal and paper checks, were inefficient and limited their geographic reach. They needed a solution to issue 1099 and 1042 forms and offer direct deposit to artists in regions without PayPal, all within a tight deadline for the 2021 tax year. They turned to Trolley for its combined payout and tax solution.

By implementing Trolley, Soundrop was able to automate payouts and streamline tax form collection through a simple interface. The solution enabled direct deposits, unlocking new geographic regions for payments. Trolley's Invoices feature allowed for consolidated payments, reducing transaction costs. The results were significant: Soundrop estimates Trolley saves their four-person accounting team a full day of work per payment run. This efficiency allowed them to successfully onboard users and issue all necessary tax forms for the 2021 tax year, a goal they could not have met in-house. With Trolley, Soundrop has expanded its global footprint and can now reliably scale its payout operations.

Soundrop

Morgan Levy

Director of Product