Tax Crunch
When doing taxes, it’s always good to not wait until the last possible minute to do them. Before deductions and business expenses, it looks like I owe $28. After deducting travel, square footage of my studio space, art sales, office supplies, any office furntiture or computer equipment, previous year losses and shipping costs – it looks like I’m getting $400 back.
Yea, me!
This next year, I’m going to have to break even or show a profit. Not hard to do, I wouldn’t think with a show coming up and all the work that I typically do during the course of a year.
Good luck on your taxes. May you come out ahead!
Leave a Reply
You must be logged in to post a comment.