Art Business Info: NEWS
about art for artists
Four brand NEW Tax Tips pages
The Tax Tips section of my website now have DEDICATED COUNTRY PAGES for tax tips relevant to each of the countries covered
These pages are:
These are all pages which are a work in progress and I will continue to add information them as I come across it and/or issues arise from topical issues online (the latest being tax on the prizes that artists receive - which I'm currently investigating!)
A cautionary note
PLEASE NOTE: Any advice provided comes with absolutely no liability whatsoever. My advice is neither definitive nor professional. Given the size and scope of this site I do NOT warrant that:
The reason for this is I am not doing this professionally. As with all the content on this website, the law and regulations change all the time and it's very easy to get out of date if you are not doing it full-time.
YOU are in charge of your tax affairs. I RECOMMEND you pay a properly accredited professional for accountancy or tax advice IF:
Bottom line, I retired as a professionally qualified accountant when I retired. I know enough to know some of the important issues you need to address. However, these days I'm just doing my best to pull together 'pointers' to issues you may need to consider and some of the places online where you can maybe find the answers to any questions you may have.
As part of my Tax Tips for Artists in the Money & Tax category section of my website, I've started a couple of NEW Tax Tips pages for Artists - to break out the specific tax aspects relating to artists in specific countries - namely the UK, USA and now Australia and Ireland.
This is about Australia: Tax Tips for Artists.
WHAT THIS IS NOT! The country-specific pages are NOT intended to provide a professional, all angles covered, definitive insight into tax for artists in that country. Not least because I'm in no way qualified to do that.
More it's intended as an alert for artists
A hobby is a pastime or leisure activity conducted in your spare time for recreation or pleasure. You’re in business, if your activity, as a whole, is commercial with an aim to make a profit.
Australia: Tax Tips for Artists covers:
While "Other Resources" includes a list of specialist tax advisers, I'm emphatically NOT recommending any specific accountants,
However I am trying to create a list of those who
If you've got any suggestions of websites or organisations or people which provide provide helpful information or advice about tax, please drop me a line.
NOTE: This is the third in the country specific tax tips pages. You can also read about:
The Information Commissioner's Office (ICO) in the UK has produced a new checklist about data protection law for small business owners and sole traders.
INFORMATION FOR SMALL BUSINESS OWNERS AND SMALL TRADERS
In the recent past, ICO has tended to share information about rules and guidelines on data protection and privacy in such a way that it suggested a general lack of awareness by the ICO of the special needs of those who are small businesses or small traders - such as artists. I suspect they received a lot of cries for help from this quarter when GDPR was implemented earlier this year - as all guidance at one point was constructed assuming organisations had people who did this for them!
The main problem for those who are running EVERY aspect of their business is to find out the answers to "what they don't know they don't know " i.e. it's difficult to know you should be doing something about some new aspect of law if you don't even know it exists!
Hence the checklist is a welcome way in which the ICO is becoming a bit more attuned to the needs of sole traders - and people like artists.
This is the link to How well do you comply with data protection law: an assessment for small business owners and sole traders
This is what ICO have to say about what happens when you use the checklist.
Use our checklist to improve your understanding of data protection and find out what you need to do to make sure you are keeping people’s personal data secure. Once you have completed the checklist a short report will be created suggesting some practical actions you can take and providing links to additional guidance you could read that will help you improve your data protection knowledge and compliance.
The checklist is part of the overall set of checklists which have been developed by ICO as part of the implementation of the General Data Protection Regulation which became operative in May 2o18.
Do let me know how you get on if you use it.
More information on this website
On this website UK artists - and all those artists dealing with clients and art collectors in the European Union - can also read about:
This video is well worth watching by those trying to succeed as artists.
Paul Klein has been involved in the art world and with artists for over 40 years. He used to run a gallery. He now focuses on teaching an online professional course for artists - and he works as mentor to TED Fellows.
Making good art is a necessary but not sufficient condition for becoming a successful artist.
He considers there are three necessary preconditions for being a successful artist
He identifies a mantra I have heard from a number of people - and frequently repeat to artists I've met in the last decade or so.
50% of an artist's efforts should be outside of making art - that means 30-70 of an artist's time should be on making an artist's career.
Sometimes artists can benefit enormously by having
Hinging Mats: Archival Methods Expert How-to Guide is a comprehensive and well-illustrated article about how to create a hinged mat for your artwork on paper.
The authors are experts in the provision of archival, storage and presentation supplies and are based in New York State.
The article highlights:
MY TIP: The one thing I'd add is that every time I do one of these I find it incredibly helpful if - BEFORE I cut the mat from the mountboard - I mark the INSIDE of the two mats with a large pencil cross. That way I make sure I put the two pieces of mat together the right way round.
Required materials: for those living in the UK
BUY Self-Adhesive Linen Hinging Tape-White 1.25"X35' From Amazon UK
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.
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ABOUT ART BUSINESS INFO. FOR ARTISTS
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
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