Archive for BUSINESS OF ART

Does a Tattoo Count as a Tax Deduction? (and other true fictions)

 

Can I deduct my dog food?

Deduct lipstick? My business requires that I look my best....

 

Well, does it?  In some circumstances, maybe?  Does it depend on the CPA?  Does it depend, um, on where the tattoo is?  Taxpayers can be very inventive in their attempt to claim business and personal deductions.   Some of the best are in this annual article on the wackiest tax deductions.  (You can glean also what reasonable deductions might look like). Click here to read on: (True Tattoo story is under “Full Disclosure” on page 2)

Please feel free to comment share or rate:  Click title at top of page……

“CrowdFunding” for Creative Ventures — A New Way (click on title to comment)

 

Paper Doll

Paper Doll/Melissa Niemann

Kickstarter (and RocketHub and others)  are new type of  funding platforms for all you “artists, designers, filmmakers, musicians, journalists, inventors, explorers.”  (no, you do not have to be a Client.).  Described as a “new way to fund and follow creativity. Kickstarter aggregates pledges online — if the  project does not meet its target within a specified time frame the pledges are cancelled.  Another example of  online community getting it done.  (Several Rhode Island projects are being funded).  Click here  for details.

Think it’s crazy? Project at right got 14 backers and raised more than the modest $600 it needed – there are plenty out there that have raised thousands. Fascinated.  What do you think? Click on title of article (top of page) to link to comment page.

“I Wanna Be a Famous Artist and Make Lots of Money”, by Alan Bamberger

"How Am I Gonna Sell "THIS"?

"Will draw for food"

Don’t count on it says Alan, a noted art business consultant, in his article (link below, comments encouraged).  Like in other professions, get-rich schemes rarely work for artists, who are perpetually offering their creations to people they have never met and know nothing about.  Do those galleries across the country you are e-mailing and sending postcards to really have time to scrutinize your portfolio?  Moreover, do you even know if they are a reputable business that will honor a contract?

Bamberger takes his analysis a step further, explaining why art schools do not offer more hands on art-business education. Simple he says — if you knew how difficult it was to earn a living as an artist you might think twice before shelling out $100,000 (more) to such an institution.

What’s important? Make your art, make local contacts and get feedback and learn basic art business skills — the top of his list is my favorite — learn” how to talk and write about your art in ways people understand, regardless of how little or how much they know about art.”

I found this article riveting and informative.  It’s an important topic — I encourage you to comment or rate it.

You can read the entire article here: