Hi, I’m trying to bend my head round how to record my accounts and tax returns properly. I’ve come across something that talked about adding up materials not used at the end of the year and using that figure some […]
tax - a-n The Artists Information Company
More News In Brief: Munich’s Haus der Kunst cancels exhibitions due to a “difficult financial situation stemming from management errors of the past”, plus Lawyers for New York gallerist Mary Boone ask for leniency in tax evasion case.
I started trading this summer, although my business is still in its early days. But I spent a lot on materials in the previous year, the year for which I’ll now be submitting a tax return. (I was doing some […]
Artist Catherine Bertola is concerned that HMRC’s new ‘Making Tax Digital’ proposals, which the government claims will make tax administration more efficient and easier for taxpayers, will result in additional administrative pressure for many artists and self-employed freelancers with low and erratic incomes.
I was lucky enough to be offered a £3000 research and development grant from Arts Council of Wales – when I mentioned it to my accountant saying ‘Oh grants aren’t taxable’ he replied no, most grants ARE taxable, but not […]