Insurance is an important but often overlooked issue for artists.
It's important to understand that if you have a studio in your home, it may not be covered by your homeowner, condo or renter policy.
Build a Better Budget
Financials are important for measuring your profitability and growth, for creating a yearly budget and making long-term plans. Do you know which financial statements you need to review? How should you analyze them? And when things are not going the way you want them to, how can these numbers help you to get out of the red?
Every year brings changes to the already complicated Internal Revenue Code. New credits become available, others expand or expire; amounts for credits and deductions also can vary from one year to another. To help you prepare your 2009 return, we've compiled a list of items that are most likely to impact the filing of the average visual artist.
Someone said the only sure things in life are death and taxes. Artists rarely plan for the ultimate disposition or settlement of their personal property. After all, it's not the most pleasant thought to consider, leaving your work behind.
The biggest mistake artists make when it comes to taxes is not being organized enough to get all of the deductions they are entitled to...