Art Business Info. for Artists
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  • 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
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      • Why websites matter
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      • Keeping Google Happy
      • Writing for the Web
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    • 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 >
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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 >
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Art Business Info: NEWS

​about art for artists

Tax Tip: Travel expenses for artists

28/1/2016

 

Reader's question #1: Are taxes the same for all income - and what about travel expenses?

Two questions from a reader:
  1. Are taxes the same for all different sources of income?
  2. Can I deduct my travel expenses from my income before tax?
Read on to find out my opinion on the questions asked (and don't forget to read the note at the end)
Reading through articles about taxes for artists, they all assume that the primary income comes from the sale of art (paintings, etc.)

Are taxes the same when the primary income is freelance teaching (as a Teaching Artist)?

​For example, may I deduct my mileage to and from individual teaching stints at art centers where I teach children?
Picture

Are taxes the same for all different sources of income?

In the UK, the answer is ALL INCOME is liable to tax assessment - no matter how you earn it.

In fact, my P60 (for my pension) has a neat quote in it which I've added into the HMRC section of Tax Tips for Artists.
By law you are required to tell HM Revenue & Customs about any income that is not fully taxed, even if you are not sent a tax return.

Can I deduct my travel expenses from my income before tax?

Whether you can claim travel expenses depends on how you earn your income

You may not be aware but many artists do NOT just earn income from sales of their paintings.

Very many professional artists who also teach earn income:
  • EITHER through a full or part-time job as an art teacher (i.e. they have a contract of employment; they are an employee of a school/college/university who pays them a salary and deducts tax and NI at source).
  • OR their services are hired by an education provide on a sessional basis for a fee r (i.e. there is no contract of employment - hire is on a 'session by session' basis only).
  • OR they run their own independent workshops and courses.
​
The issue of whether or not you can claim travel expenses relates to whether or not you are a sole trader and wholly responsible for all your actions.

So for example, (in the UK) if you are an employee with a contract of employment and what you do is dictated by others (eg you teach a set curriculum); you are managed and assessed as to competence by others and paid on a monthly basis - then you can't claim home to work travel expenses.

That's because you are the same as every other employee in the UK - and employees can't claim home to work (and back again) expenses as a business expense.

However if you are completely freelance and have a number of different people who hire you to teach art and/or you deliver your own workshops at different venues you hire around the country - then you are self-employed and you can then claim your travel expenses.

Basic principles: you can only claim travel expenses:
  • when self-employed AND
  • for journeys wholly and ​exclusively for business purposes.

EXAMPLES: 
  • If you're employed by a school as an art teacher, you will have one designated work base and cannot claim travel expenses to and from where you teach by way of a tax deduction.
  • If your school requires you to work peripatically on different sites, you can claim travel expenses from the school for trips away from your designated work base. You cannot claim travel as a tax expense. 
  • If you're employed part-time as an art teacher, you can also choose to deliver an independent workshop in a venue of your choice. In these circumstances you cannot claim travel expenses for your contract of employment as a part-time teacher BUT you can claim your travel expenses from home to the venue where you deliver an independent workshop. However you must also then complete a set of basic accounts and the self-employment part of the self-assessment return.
  • You deliver workshops all over the country and have no contract of employment. You can charge your travel expenses as a deductible expense according to the rules defined by HMRC. If you don't use public transport, it's often useful to use the HMRC approved mileage rate for the number of miles you do per annum.
Note: This article is intended to be for general information and is should not be relied on as definitive tax advice.  It's your responsibility to check the rules for the country where you live and work and the relevant tax year. The tax rules may be similar or they may be different.

Keep calm - and do your tax return!

23/1/2016

0 Comments

 
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Enough said? 

The deadline for submission of your online self-assessment form as a sole trader to HMRC is 31st January - or you become liable to pay a fine - which gets bigger the longer you leave it.
  • Are you one of those who always gets their tax return done way ahead of the deadline?
  • Or do you enjoy the adrenalin associated with trying to find all your paperwork and records before the deadline?
  • Or maybe you're forgetting the sheer panic to be experienced when you find out that everybody and his partner are all trying to log on to the HMRC website at the last minute - and it's sooooo slow or falls over (again).
If you're stuck try my page about Tax Tips for Artists. This is what one reader said about this page after my last post on the tax deadline.
I've just done my tax but made a point of reading all your advice first. It felt very supportive and extremely helpful to read what you said, the way you write and break it down into manageable sections really worked for me.
0 Comments

How to price art: 3 Polls and some interesting facts

18/1/2016

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 Three key questions about pricing art:
  1. ​How much do you know about how to price art?
  2. What's the main influence on how YOU price YOUR art?
  3. Do you show your prices on your website or blog?

and three related polls about pricing art for artists

PLUS links to some interesting facts about pricing art

Please vote and then view the results. For more about the prevailing trends see the related pages on this website - detailed under the poll.
See How to Price your Art - an introduction to the topic
See
  • Options for pricing art - this page unpicks and explain different approaches to pricing art 
  • How artists price their art - this page identifies which options are more popular; the trends in how artists price their art plus the pros and cons for each different option.
The final poll looks at pricing your art on your website and/or blog?

More about pricing art

Are you maybe under or over-estimating the importance of price to selling art to prospective purchasers and art collectors? How important is price when buying art reviews where price comes in a list of top ten reasons why people buy art. 

 Did you know there are some BIG hurdle numbers which you MUST take account of when working out a price for your art.
  • These are the figures which you want to price just under - and NOT just over!
  • Take a look at what is perceived to be the price of affordable art in the UK and USA to find out what these are

Sometimes artists are effectively 'blinded' by the technical terms used by galleries in contracts for representation. Terminology & Formulas for Pricing Art explains the special words used for pricing art; terms used in art business contracts and the formula for pricing art

and finally....

​Don't take my word for it. Take a look at the views and opinions of otherArt Experts on Pricing Art
0 Comments

Tax return 2014/15 - the deadline approaches

13/1/2016

0 Comments

 
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The header of the HMRC short form tax for people with income from self-employment in 2014-15

UK Tax Returns 2014-15 - deadline 31 January 2016

Artists in the UK who are just now remembering they need to complete their Self-Assessment tax returns for their self-employed income by 31 January may find my Tax Tips for Artists page useful.

This includes three sections of particular relevance to UK artists:
  • Tax Tips by artists for artists
  • A hobby or a business?
  • Tax in the UK and the HMRC

Digital Tax accounts and quarterly reporting

Tax Tips for Artists has recently been updated with some outline information about the proposed new digital tax account and quarterly reporting for all those having a turnover in excess of £10,000 p.a.  

Making tax digital (pdf) is the formal paper setting out what changes the government proposes to introduce and how it will work. ​Consultation on the proposals is occurring at present so nothing as yet is set in stone.

I'll be writing more about ​this in future.

If you want to stay in touch with updates about art business matters generally and digital tax accounting and quarterly reporting in particular please subscribe to this blog. 
0 Comments

Cost effective ideas for artists

5/1/2016

0 Comments

 
I've been commissioned to write a series of ten articles for The Artist Magazine - part of Painters Online.

They'll be published on the last page of the magazine (page 66) throughout 2016.
Topics covered are:
  • 20 tactics for buying art materials
  • How to avoid frames eating your profit
  • How to afford to exhibit you art
  • Display your art - for free
  • Copyright and how to protect your images online
  • Tips for posting and shipping artwork
  • How to get your art printed
  • How to price your art
  • Business expenses and tax allowances for the artist
  • VAT for the artist
(Note some of the articles are not yet written and the titles are provisional)
Katherine Tyrrell bio for The Artist Magazine
My bio on the articles for the Artist references this website
The articles will look at more cost-effective practices and money-saving tips related to the  the business of being an artist.

If you'd like to read my series of articles - and the rest of what is an excellent magazine - you can access the different ways to subscribe 
via the website.

The magazine is also available in digital format and consequently can be read by anybody anywhere in the world


Alternatively you can browse a selection of pages taken from the December issue of The Artist below  - and buy a copy of subscribe to the magazine.
  • ​via Pocketmags
  • via iTunes (probably the easiest method for owners of an iPad or iPhone)
  • via Google Play
Picture
The top of the first article - which is about buying art materials
  • Katherine Tyrrell begins her new series with a look at money-saving tips for purchasing art materials
    The Artist - February 2016 preview
0 Comments
    Wanting to find out about the business side of art?

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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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  • CONTACT ME
Copyright: 2015-2021 Katherine Tyrrell | Making A Mark Publications
​
- all rights reserved
  • About this site 
  • About the Author
  • Privacy Policy & Cookies
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.
Photo used under Creative Commons from Keith Williamson
  • 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
      • Money Laundering in the Art Market
      • 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