Minding Your Business A Guide to Money and Taxes for Creative Professionals

Name: Minding Your Business A Guide to Money and Taxes for Creative Professionals
Availability: InStock
ISBN: 9781458437853

ISBN-10: 145843785X

ISBN-13: 9781458437853

Edition: 2013

Authors: Martin Kamenski

List price: $27.00

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Description:

Kamenski, a practicing CPA, unleashes years of tax experience on the creative community. He offers explanations in language that is easy for the most number-illiterate to understand. His Chicago-based practice serves clients nationwide and offers artists and creative professionals the explanations they need to make sense of the tangled web of the IRS. Kamenski provide guidance about when to treat yourself as a business. He will advise on the important considerations before incorporating. He will shatter some of the most prevalent (and costly) myths existing in the artistic community. Suitable for any actor, writer, musician, dancer, photographer, director, model, visual artist, band,…

Book details

List price: $27.00
Copyright year: 2013
Publisher: Hal Leonard Corporation
Publication date: 12/1/2012
Binding: Paperback
Pages: 130
Size: 6.00" wide x 9.00" long x 0.34" tall
Weight: 0.484



Foreword


Acknowledgments


Introduction


The Purpose of the Book


So What Will We Talk About?



The "Business"


life as a Creative Professional


Are You a Business?


The Five-Year Rule


Contractors and Employees



Being Self-Employed


How People Pay You


How You Report Your Income


How You Report Your Expenses


Advantages to Staying Self-Employed


The Self-Employed Calendar of Important Dates


Let's Map It Out (Income, Expenses, and Taxes)



Forming a Separate Business


The Different Flavors


C-Corporation


S-Corporation


Partnership


LLCs: Major Myths Debunked


Let's Really Compare Them


Advantages to Forming a Separate Business


The Business Calendar of Important Dates


Let's Map It Out (Income, Expenses, Taxes)



Tracking Expenses: The Artist's Third-Most Important Job


Who Cares?


Well Then, How Do I Do It?


And What Should I Keep Track Of?


General Business Expenses


Artist-Specific Hotspots


Five Biggest Deduction Myths Debunked


The Golden Rule of Deductions: Never Look at Another Deductions List Again


Links to Deductions (In Case You Don't Trust the Golden Rule)



Your Biggest Critic Is No Longer Yourself


Meet the IRS


Who Are They?


How Do They Work?


Why Should I Care?


How to Make the IRS Your Friend (and Why You Should)


What to Do If You End Up Facing Off



Parting Thoughts


Your "Team"


Who Are the Players?


How to Pull Them Together


When Is DIY Okay?


Minding Your Responsibilities


What to Ignore in the [Dressing Room/Green Room/Cafï¿½/Gallery]


What to Do If You Have Questions


Wrapping It Up


Index