Taxes for Artists | Marian Mc Donald 

Taxes for Artists | Marian Mc Donald 
21 March | 10am – 4pm (Lunch 1-2pm) | Online Workshop
Introduction to 10 Good Business Practices with emphasis on –

Tax & The Self-Assessment System
The Benefits of Tax Registration, The Role of: -The Revenue Commissioners, The Collector – General, The Inspector of Taxes, Audit Inspectors, The Sheriff, Introduction to ROS, How to complete the annual Tax Return (Obligatory), Benefits of Tax Registration, Tax Compliance, Tax Clearance Access Number, Tax Exemptions NB Artists Exemption

Costing & Pricing your Product
You have no figures to enter on your Tax Return if you are not earning money. We, therefore, cover the Costing the product –
Raw Material / Stock costs
Your Personal Production Hourly Rate
Business Overheads

Your Breakeven Figure
Are you making a profit on the sale of each piece in your Range?  From Research could you adapt some to meet the needs of your Market ie Prints; Limited Editions; Ranges of a particular colour or subject

• What are your Tax Deductible Expenses
• What are your Tax Credits?
• Your Route to Market

We will look at a simple Figures Of Trading which could be prepared by any of your group on their own behalf.