Art Business Info. for Artists
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      • Why websites matter
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      • How to cost a juried exhibition entry
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    • A Guide to Art Dealers & Galleries >
      • How to find the right gallery
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    • List of Recommended Picture Framers
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  • SHIP ART
    • How to pack artwork >
      • How to pack and ship pastel paintings
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      • Rules of Origin
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    • Copyright and artists' rights
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  • MONEY & TAX
    • How to work out profit from an art sale
    • How to Price Your Art >
      • How important is price when buying art?
      • Options for Pricing Art
      • Terminology and Formulas for Pricing Art
      • Art Experts on Pricing Art
      • How artists price their art
      • The price of affordable art
    • Payments to Artists >
      • Paying Artists
      • How to create an Invoice
    • VAT for Artists
    • Tax Tips for Artists >
      • Tax on prize money
      • UK Tax Tips for Artists
      • UK: Self-Assessment Video Tips
      • USA Tax Tips for Artists
      • Ireland: Tax for Artists
      • Australia: Tax Tips for Artists
    • Insurance for Art and Artists >
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      • USA & Canada: Insurance Policies for Art and Artists
    • Artists' Grants & Scholarships
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    • The Art Legacy >
      • Estate Planning for Artists
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      • Famous Artists Estates
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      • Copyright and Resale Rights after Death
      • Art and Inheritance Tax
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Money & Tax
numbers for artists

Numbers for Artists - making money, being secure and paying tax

A lot of artists I know are not too happy with numbers or managing their money. It's enough to make you wonder if creativity and counting don't really go together

By way of contrast a number of very successful artists I know are well organised and on top of their numbers - and their taxes, their insurance, their pension and their legacy!  They've achieved this:
  • Sometimes with the help of professionals and
  • sometimes due to the dedication of the artist and/or their partners and family to learn more about how best to deal with the numbers side of art.
The purpose of this section is to
  • try and help artists improve their awareness of information available online about money and taxes and how to access it.
  • provide summaries of expert advice.

​NOTE: I do NOT provide professional advice - see below
The Money and Tax section provides advice and information about:
  • ​How to Price Your Art ​- various aspects of pricing 
    • How important is price when buying art? 
    • Options for pricing art 
    • Terminology and formulas for pricing art 
    • Art experts on pricing art
    • How artists price their art 
    • What's the price of affordable art? 
  • Payments to Artists including 
    • Paying Artists
    • How to Create an Invoice
    • Artists' Grants, ​Scholarships and Bursaries
  • How to work out profit from an art sale
  • Insurance for Art and Artists - for Art, Art Studios, Artists, Art Galleries and Art Collections including 
    • ​In the UK
    • In USA and Canada
    • plus Insurance for Art Teachers
  • Tax Tips for Artists 
    • Tax on art awards and prize money
    • UK: Tax for Artists 
    • UK: Self Assessment Video Tips
    • USA: Tax for Artists 
    • Ireland: Tax for Artists 
    • Australia: Tax for Artists ​
  • VAT for Artists 
  • Retirement & Pensions for Artists
  • The Art Legacy 
    • Estate Planning for Artists​
    • Estate Planning for Art Collectors
    • Famous Artists Estates
    • Artwork Inventory
    • After the Death of an Artist
    • Copyright and Resale Rights for Heirs
    • Art and Inheritance Tax

What this site does NOT do....

The information on this site can be found elsewhere online. I've just pulled it all together so people can find it!
​Any advice provided comes with no liability
This site does NOT provide:
  • Definitive answers on matters relating to legislation and regulation on money matters and tax records for where you live. 
  • "Professional advice" available from somebody with an accountancy or tax qualification, membership of a relevant professional institute and CURRENT expertise of accountancy requirements or tax affairs anywhere in the world. ​
I RECOMMEND you pay a properly accredited professional for accountancy or tax advice IF:
  • your monetary or tax affairs are complicated 
  • you have a specific query which you can't find an answer to from official information that is available online.
I have no liability to you because although I was a qualified accountant I have now retired. ​I am no longer a member of my professional institute. Consequently I no longer have any obligation to remain up to date with relevant legislation and standards etc. - and you are NOT a client.
The Moneychanger and his wife by Marinus van Reymerswaele
The Moneychanger and his wife by Marinus van Reymerswaele (Source: Wikimedia Commons) Location: Museo del Prado

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ABOUT ART BUSINESS INFO. FOR ARTISTS
This website aims to provide a compendium of resources about the art business for artists. Please read "PLEASE NOTE"

It helps artists learn how to do better at being business-like, marketing and selling their art and looking after their financial security.
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Copyright: 2015-2021 Katherine Tyrrell | Making A Mark Publications
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- all rights reserved
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If you've got any suggestions for what you'd like to see on this website please send me your suggestion
PLEASE NOTE:
1) Content and the law change all the time. It's impossible to keep up with it if you're not working on the topic full time. 
​2) I research topics carefully. However, I am totally unable to warrant that 
ANY and/or ALL information is 
  • complete and/or
  • professional and/or
  • wholly accurate and/or 
  • all links lead to the most current information (at the time of writing)​
​3) Hence all information I provide comes without any LIABILITY whatsoever to you for any choices you make. 
4) This website is FREE FOR YOU but not for me. ​Links to books are Amazon Affiliate links. Buying a book via this website means I get a very small payment which helps to fund and maintain this website. .I much appreciate any support your provide. Adverts are provided by Google AdSense - but the adverts do not mean I endorse the advertiser.
  • Home
    • Art Business Information Index
  • NEWS
  • PRACTICE
    • Starting Out - Tips
    • Being a Professional artist >
      • Working Lives of Professional Artists
      • Artists' Side Hustles
      • Artists' Residencies
      • Artists Unions
    • Best Art Business Books
    • Learning Opportunities >
      • Art Schools in the UK
      • Art Business Courses
    • Image Management for Artists >
      • How to photograph art
      • How To Scan Artwork
      • How to back up image files
    • Law for Artists >
      • Legal Matters
      • Data Protection for Art and Artists
      • Brexit Guidance for Art and Artists
    • Business Management for Artists >
      • Risk Management for Artists
      • How to spot Art Scams / Fraud
      • Life in an Art Market Recession
      • Coronavirus COVID-19 and Art
  • MARKETING
    • How to write an Artist's Statement >
      • What is an Artist Statement?
      • Why you need an Artist's Statement
      • TIPS How to write an artist statement
      • The Language of an Artist's Statement
      • What an artist statement should contain
      • Examples of Artists Statements
    • How to write an Artist's Resume or CV >
      • Social Media summaries
      • CV for Artists
      • Resume for Artists
      • Biography for Artists
    • How to sign a painting, drawing or fine art print
    • Business Cards for Artists
    • How to write a press release for an artist
    • The Private View Invitation
    • Publicity for Juried Exhibitions
    • Websites for Artists >
      • Why websites matter
      • Options for Websites
      • Web content for Artists
      • Web design for artists
      • Keeping Google Happy
      • Writing for the Web
    • Image & Video sizes for Social Media Sites
    • How to be mobile-friendly
  • SELL ART
    • Trading Law & Regulations for Artists (UK)
    • E-commerce for artists
    • Art Exhibitions & Competitions >
      • Juried Exhibitions & Art Competitions
      • Juried Art Exhibition Checklist for Artists
      • How to cost a juried exhibition entry
      • How to make labels for an art exhibition
    • A Guide to Art Agents and Consultants
    • A Guide to Art Dealers & Galleries >
      • How to find the right gallery
    • The Artist-run Gallery
    • The Vanity Gallery
    • Art Fairs
    • Alternative Options for Exhibitions
    • How to Sell Art from Home
    • Open Studios
  • FRAME ART
    • List of Recommended Picture Framers
    • Conservation Products
    • Framing for open exhibitions and art competitions
    • Framing Videos
    • How to hang a picture
  • SHIP ART
    • How to pack artwork >
      • How to pack and ship pastel paintings
    • Packaging materials
    • How to ship art internationally >
      • Rules of Origin
      • Export Licences for Cultural Goods
    • How to ship art to exhibitions
    • How to mail art - Post & Parcel Services
    • UK & Ireland: Art Transport Services
    • USA Art Transport Services
  • COPYRIGHT
    • Copyright and artists' rights
    • BASICS: Copyright Infringement and Fair Use
    • How to protect artwork online
    • How to do a reverse image search
    • What to do about copyright infringement - for artists
    • Global Conventions on copyright >
      • Copyright in the UK
      • Copyright in the USA
      • Copyright in Canada
      • Copyright in Australia
  • MONEY & TAX
    • How to work out profit from an art sale
    • How to Price Your Art >
      • How important is price when buying art?
      • Options for Pricing Art
      • Terminology and Formulas for Pricing Art
      • Art Experts on Pricing Art
      • How artists price their art
      • The price of affordable art
    • Payments to Artists >
      • Paying Artists
      • How to create an Invoice
    • VAT for Artists
    • Tax Tips for Artists >
      • Tax on prize money
      • UK Tax Tips for Artists
      • UK: Self-Assessment Video Tips
      • USA Tax Tips for Artists
      • Ireland: Tax for Artists
      • Australia: Tax Tips for Artists
    • Insurance for Art and Artists >
      • Insurance for Art Teachers
      • UK Insurance Policies for art and artists
      • USA & Canada: Insurance Policies for Art and Artists
    • Artists' Grants & Scholarships
    • Retirement and Pensions for Artists
    • The Art Legacy >
      • Estate Planning for Artists
      • Estate Planning for Art Collectors
      • Famous Artists Estates
      • Artwork Inventory
      • After the Death of an Artist
      • Copyright and Resale Rights after Death
      • Art and Inheritance Tax
  • About + Help
    • Would you like me to help?
    • Privacy & Cookies Policy
    • Contact