Here’s a breakdown of tax changes for those running a creative business, from Minerva Financial Art’s blog. Elaine Luttrull provides a comprehensive summary of the updates you can expect for individual and business taxes, pointing out some that may work in your favor.
It’s a daunting topic, but the bottom line, as Elaine points out, is: “It’s going to be okay. You will still make great work. Your voice will still be heard. Things might be a little complicated in the near future (and beyond), but you’ve been dealing with complications since the beginning of time. A little tax hiccup isn’t going to stop you.”
There’s also a list of resources at the end of the article, for those who’d like to learn more.