Hosted by Elaine Grogan Luttrull, Certified Public Accountant and Founder, Minerva Financial Arts
If it is true that the only certainties in life are death and taxes, this workshop will make navigating one of those things considerably easier. We’ll review federal income tax basics for creative individuals, including how the tax landscape changes based upon the type of income an artist earns. We’ll also discuss common deductions claimed by creative entrepreneurs and key aspects of tax law that impact financial wellness, including deducting interest for student loan payments and saving for retirement. We’ll conclude by reviewing some tips and best practices on how to keep excellent tax records.
As part of this workshop, we will: Identify ordinary and necessary deductions common to creatives; Review the overall income tax landscape for federal and state filings; Identify records to retain for tax purposes and effective systems for tracking expenses and income.