Cate 🌈 illustrator + cat lady
Region: US
Tuesday 26 August 2025 21:11:40 GMT
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MANA ceramics | unique objects :
Are these art businesses LLCs or S-corps? Or sole proprietorship?? Isn't there a big difference???
2025-08-28 17:26:28
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mizzarya :
don't common things to deduct that people don't know about: 1/3 rent and utilities, office supplies, furniture, general supplies (including makeup of you do a lot of looks), medical supplies, some gas depending on how much you travel for work/supply runs
2025-08-26 23:41:58
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Cee :
Can you make a list of what qualifies as deductibles?
2025-08-27 18:23:11
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dd_jamie :
just remember, it's 15% of your PROFIT not 15% of your sales or service.
2025-08-27 00:35:00
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CHICKN N WAFFS :
If I make an average of $500 a month selling art, but make no profit, how much do I owe?? Like I think even with my commissions I’m down like $250 a month
2025-08-28 13:56:22
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⋆｡°•☁︎ʟᴜᴄɪᴀ ᶻ 𝘇 𐰁 :
Anyone else fear missing taxes like these and going to jail for it? 😭
2025-08-27 19:45:25
11
Ella Blue :
Saving this when I’m not too overwhelmed to listen
2025-08-26 22:54:54
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JEIBON :
Make sure to put %25 or %15 of every income you make away. Put it away and then submit it to the IRS as “estimated tax” every quarter !!! You will be charged around a $200 fee for missing a quarter payment throughout the year. I used to pay the entire amount of what I owed at the end of the year and I still got that fee because I didn’t pay anything throughout the year 🙄
2025-08-28 12:34:14
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The Foraged Berry :
oh...I'm sure glad I came across you!
2025-08-27 21:54:45
2
Jenny Berggren :
Thank you!!!!!! It’s a hard first year when we all started self-employment to find this out.
2025-08-27 18:57:45
1
Cozy Game Art :
We need more people like you to help - thank you for this!
2025-08-27 07:10:39
2
ratcliff! :
thank you for this! taxes have definitely stopped me from actually pursuing art as more than an occasional meal ticket (i’m always careful to stay under taxed amount). it’s wild artists get taxed more than amazon. keeping track of expenses is hard but a must to deduct as much as possible 🥲
2025-08-27 03:12:22
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Owyisensei :
well yes but there is a way to waive the employees half.
2025-08-28 02:53:06
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Sara Brogan | Fine Artist :
If I have an LLC but have not really done anything with my business yet. Will I still owe taxes?
2025-08-27 15:22:32
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theartofdanni :
What if you are extreme poverty (I make less than $10k a year in my actual job)
2025-08-28 06:44:29
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Sarah 🌙✨ :
Yeeeeah the first year my business was super successful I owed $9k. Got a lot more tedious about tracking my deductibles the following year and only owed $2k.
2025-08-27 01:08:52
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jasminemalikia :
Instant follow
2025-08-28 05:24:15
1
drakthezak :
THANK YOU just redid my budget with this number😤🤌🏿✨
2025-08-27 14:45:24
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Kristen Mc ✍️🐴 :
I think we all need this
2025-08-28 02:34:53
1
tempest_and_trinkets :
do you have to keep every receipt to prove your business purchases?
2025-08-27 14:27:24
7
Ms. Pears 2nd Wears :
All of it… girl, can I hire you?! I need some help
2025-08-27 02:45:32
3
broken-stick :
good information 👍💯
2025-08-28 00:49:57
1
Cat_Daddy :
After working for sba as an advisor I learned so much that helped my art business. Especially about taxes. Great video 👏
2025-08-27 16:37:02
1
laney :
If I don’t have a complete record of my expenses, what do I do? How should I go about keeping track?
2025-08-26 23:21:04
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thequotedraven :
It would also be noted … you paid this as an employee too…it was just call social security tax and the employer would pay half. And it needs to be paid quarterly.
2025-08-27 13:00:11
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