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Old 09-26-2017, 07:21 AM
lisapencil lisapencil is offline
Lord of the Arts
North Yorkshire
 
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Amateur to Professional

I think I am finally reaching a stage in my artwork where I would like to go from an amateur to a professional artist. Any hints or tips on how to do this would be most welcome. I have done a couple of art fairs/exhibitions at which I have sold a couple of prints and originals. I have also done a few commissions for people other than friends and family. I am in the process of setting up a website. The one difficulty I have is that I don't have a studio to work from, only the spare bedroom is in being as office/craft space. Any advice you can give will be most welcome.
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Old 09-26-2017, 09:10 AM
Harold Roth Harold Roth is offline
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Re: Amateur to Professional

I don't know what the tax situation is over there, but here, if you use part of your house to produce your income, you can deduct the cost of that part as a business expense on your income tax. So not only a percentage of the rent or mortgage, but a percentage of the insurance, utilities (including phone, internet, heat, electric), and repairs. So it is worthwhile to turn that bedroom into your studio/office. A business expense for the use of your home can do a lot to increase your actual income while decreasing your income tax.

Also, keep track of all your art business expenses. I do this by always using a card, never cash, for those things. Then I have it all on my bank statements. Easy when tax time comes and way neater than saving receipts.
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Old 09-26-2017, 03:51 PM
lisapencil lisapencil is offline
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Re: Amateur to Professional

Thank you very much for your advice Harold, it is very helpful
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Old 10-03-2017, 07:42 AM
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Triduana Triduana is online now
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Re: Amateur to Professional

My studio is my living room and my kitchen table

As Harold said, it's fine to use your home as a studio and record it as an expense - keep track of the amount of hours you spend working, as the amount you can claim as an expense varies depending on this. The details are on the HMRC website.
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