I've started developing more new pages and transferring/developing more information on my Art Business Info. for Artists website
As a result the Home Page was beginning to look very busy!
So today I've created a new page which will act as an Index for the website. It lists all the sections and all the sub-categories (see the image of the page below)
Some of the latter also have a number of pages - but these are not listed as yet.
In addition, it also has a Google Search facility which enables you to look up any topic you are interested in to see whether it is listed on the site yet. Just enter your search query and click the grey search button.
You can get to the Index
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In the UK Income tax is charged on “the profits of a trade, profession or vocation”.
You are assessed as trading and therefore must do a tax return if you exhibit one of the nine badges of trade. But do you know what these are? See the box below for an explanation.
First you need to note that a lot of tax law focuses on "the asset”. However there isn’t a lot of tax case law relating to artists - so what follows is my interpretation.
Please note that I’m NOT a tax accountant and if you need professional advice you should pay a professional!
For what it's worth, in the case of an artist I read “ the asset” as meaning either your stock of equipment and materials used to generate sales (which has a balance sheet value); or your stock of artwork (which has a balance sheet value) which is exhibited and sold over time via exhibitions, online, art fairs or wherever to generate an income.
The nine badges of 'trade'
One of the reasons why HMRC wants to know whether or not you are trading is because it needs to know what sort of tax to apply to your income.
For example, money you receive can be a taxable receipt that can arise in a number of ways. These are:
Below are the Nine Badges of Trade which HMRC have declared to be indications of trade - and my interpretation of how these apply to artists.
Please also remember that at the end of the day what matters is if you generated trading income or intended to trade - NOT how much profit you've made.
The Vanity Gallery is a new page on my website.
I've extracted all the information relating to Vanity Galleries from my Alternative Options for Exhibitions page and created a page which is entirely focused on the characteristics and risks associated with Vanity Galleries.
I have a NEW page for those who want to know more about how to get publicity for:
This Making A Mark Guide provides a CHECKLIST of various action points - plus notes - associated with:
As such it also covers
I'm currently building a web page about art inventory management and software.
Please leave a comment if have any experiences you care to share about:
Alternatively if you've done a review I'd love to know where I can find this (URL etc)
The Software under review includes: the following - and you can see screenshots of their home pages above.
Cloud based Options:
Any others you know of and/or would recommend?
About Business News for Artists
To become a successful artist you need to get on top of the business side of being an artist.
This site helps those who need
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Katherine Tyrrell writes about art, artists and the art business and has followers all over the world. She also delivers workshops for art organisations and reviews websites and career strategies for artists.
Art Business Blogs
This website provides a compendium of resources about the art business for artists.
It helps artists learn how to do better at being business-like, marketing and selling art and looking after their financial security.
If you've got any suggestions for what you'd like to see on this website please send me your suggestion
1) Content and the law change all the time.
2) Given the size and scope of this site I do NOT warrant that
3) This website is free for you but not for me.
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