Tax Essentials for Artists

This session focused on financial basics and tax preparation for artists (emerging to established), musicians, designers and other creatives. Topics included : record-keeping, expenses and income tracking, deductions and credits for creatives, inventory tracking, understanding the hobby loss rule, tips on managing and organizing your creative practice.

Presented by Artist Caren-Marie Michel, Tom Gangewer from Local Economy and Justin Coffin from MacPage.

RESOURCES

• Slide Presentation
• Resource page / Glossary
• Video of session  available on Vimeo : vimeo.com/portlandarts/taxessentials
• Maine Revenue Services - Registration for Sales Tax Certificate