So Your Art Just Became a Business… Now What?
Hobby or business? Proprietorship or LLC? Cash basis or Accrual basis? Depreciation...sales tax...Schedule C...Form 518...
Does your head hurt yet? You're not alone!
To that end, we are pleased to welcome back CPA Robert L. Jansen, who will present, “So your art just became a business… now what?” This is a revised and expanded update to his workshop from November 2017, covering all the recent tax law changes in effect.
Bob will discuss a number of business topics, including getting EINs, entity selection, setting up books, identifying applicable tax deductions, etc. As an experienced accountant as well as the husband of successful jeweler Judith Jansen, Bob is very familiar with tax codes, reporting requirements, and pitfalls of being an independent artist, and will help you navigate the complexities to ensure you don't make any costly mistakes!