Earning an income as an artist can differ greatly from the structure of most other career choices, but there are some marked similarities, as well. One of these similarities is the need to file and pay income taxes. Because the income stream generated through art may range from slightly irregular to very sporadic, artists may struggle with some of the basic accounting tasks needed to ease the tax filing process.
13 December 2019
Are you interested in hiring a public accounting firm to service your small business? Here are a few things the company you decide to hire should be able to offer: Monthly Service Fees One important thing that should be offered by the public accountant or firm you decide to hire for your small business is monthly service fees. Instead of having to pay on an hourly basis, or for each specific service you receive separately, you should be able to pay one flat fee each month in exchange for the services your business benefits from.
10 October 2019
When you run a small business, it is up to you to keep your books in good order. Bookkeeping is one of the keys to a successful small business. There are a few things you need to do to ensure that your business is a financial success. Hire Someone to Help with Your Bookkeeping Taking care of small business accounting is not an easy job, which is why one of the smartest moves you can make is to bring in someone who is trained in finances to run your books.
28 June 2019
Business and trade conventions are an important part of business life. But before you pack your bags, be sure you understand what your business can and cannot deduct. Here are a few things you can and cannot write off, so you can make the best choices with your budget. Deduct Your Booth. Advertising and marketing expenses often include selling at a convention. A trade booth, the signage around it, speaking costs, and expenses for your personnel to staff the booth are generally all deductible in your marketing budget.
6 March 2019