April 14, 2007

Tax Crunch

Filed under: Random — Drub @ 5:14 pm

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!

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