The new 2018 tax law dramatically changed the way artists do business. Many business expense deductions (such as agent fees or research materials) are set to expire for individual filers, even as those same deductions will still be available to corporate filers. So what are the implications for playwrights? Given our unique position as licensors of our work, does it make sense to incorporate? And if so, how?
Longtime Lark collaborator, finance wizard, and arts-friendly CPA Elaine Luttrell will help you navigate the new tax law to see whether incorporating via an LLC or S-corp is right for you. Let's all get our finances in order, and go do a two hour boot camp!