When selling work through a gallery, how does an artist deal with VAT on sales commission? This guide by financial services experts Counterculture and VAT advisory service SOC VAT explains the two principle methods.
As a professional artist you may spend a good part of your time sending out invoices, chasing payments and generally worrying about your cashflow. This guide considers different payment options and offers practical advice on managing debtors.
A budget is an essential tool for any artist planning a new project, making a funding application or drawing up a business plan, while a-n’s Exhibition Payment Guide asks artists to provide a clear exhibition proposal and budget in advance of negotiation. This guide by the Cultural Enterprise Office in Glasgow offers straightforward advice on how to construct and manage a simple budget.
Artists on low incomes may be able to apply for Child Tax Credit or Working Tax Credit. This guide offers advice on eligibility and how to apply.
If you are an artist or arts organisers who earns income from a variety of sources, self-employment is usually a good option as it enables you to work for many different people and perform more than one type of work. This guide by financial services experts Counterculture explains what self-employment means, how to register as self-employed, and how and when you will need to pay tax.
Universal Credit is a new benefit that is designed to support people who are on a low income or out of work. This guide by financial services experts Counterculture explains how Universal Credit is calculated and how it may impact those who are self-employed.