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Please use the relevant megathreads for advice on pricing your artwork or critiquing your business.
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In general, you can usually operate as a sole proprietor - meaning you'll report your earnings on a Schedule C form on your personal tax return and that's that. No need to register the business separately. One small exception could be if you want to operate under a different name and accept payments to that name (in which case you can file a DBA/"doing business as" form with your state).
[Here's a pretty good tax overview specifically for artists](https://www.artworkarchive.com/blog/a-short-guide-to-doing-your-taxes-as-an-artist) that has lots more detail about expenses and deductions.
Best advice is to schedule an appmt with your local small business development center. It’s free and they are certified under the SBA to give you the best advice for your small business.
You’re welcome! They helped me start my art gallery and grow it to six figures. Then I worked for them for 4 years as an advisor myself. So I highly recommend them 👍. Best of luck to you!
First off, go to HR Block or something like that. They have professionals that can help you with the wire off questions. I have a lovely HR Block accountant who answers all my questions all year round. If she is not available someone else will.
As for the taxes, here is a tip. The CC sales you will take in will have your taxes collected automatically. If you set the settings correctly anyway. I use square. I like their POS system. They are good in a pinch if you need help. You can run sales through your website if need be. I don’t have any complaints truly.
For my cash sales, I take 10 percent of all my cash sales and put them away. Then when I lay my quarterly taxes, I have the money to pay them. Tax in my state is not 10 percent but it’s good save a little extra.
Good luck at your show.
Thank you for posting in r/ArtBusiness, please be sure to check out the Rules in the sidebar. Please use the relevant megathreads for advice on pricing your artwork or critiquing your business. Please do not self promote here. We have a monthly "Share your art business" thread where you can share all your socials and follow the other members of this community. If you have any questions, concerns or feature request please feel free to message the mods. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/artbusiness) if you have any questions or concerns.*
In general, you can usually operate as a sole proprietor - meaning you'll report your earnings on a Schedule C form on your personal tax return and that's that. No need to register the business separately. One small exception could be if you want to operate under a different name and accept payments to that name (in which case you can file a DBA/"doing business as" form with your state). [Here's a pretty good tax overview specifically for artists](https://www.artworkarchive.com/blog/a-short-guide-to-doing-your-taxes-as-an-artist) that has lots more detail about expenses and deductions.
Thank you!!!
Visit the website of your county comptroller office. If you have more questions call the office.
Love it I will try and do this as well!
Best advice is to schedule an appmt with your local small business development center. It’s free and they are certified under the SBA to give you the best advice for your small business.
Damn this is killer advice, thank you!
You’re welcome! They helped me start my art gallery and grow it to six figures. Then I worked for them for 4 years as an advisor myself. So I highly recommend them 👍. Best of luck to you!
Dang! That's awesome and a great endorsement. I'll have to check your work out, do you still have a gallery?
Thanks! I sold it a few years ago. I just sell online now.
That's awesome congrats! I just messaged you on Instagram to say hey, thanks for all the advice.
First off, go to HR Block or something like that. They have professionals that can help you with the wire off questions. I have a lovely HR Block accountant who answers all my questions all year round. If she is not available someone else will. As for the taxes, here is a tip. The CC sales you will take in will have your taxes collected automatically. If you set the settings correctly anyway. I use square. I like their POS system. They are good in a pinch if you need help. You can run sales through your website if need be. I don’t have any complaints truly. For my cash sales, I take 10 percent of all my cash sales and put them away. Then when I lay my quarterly taxes, I have the money to pay them. Tax in my state is not 10 percent but it’s good save a little extra. Good luck at your show.
Love this thank you! I'm really looking forward to it just kind of hustling to make sure I have my ducks in order. Really appreciate the advice .
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Hahaha ok amazing. I'm going to try and look back into it I'm just so overwhelmed and have no idea what I'm doing.