The Need For ABN
Tue, 16 May 2000, 10:29 amLabrug6 posts in thread
The Need For ABN
Tue, 16 May 2000, 10:29 amWhat is the real need for Individual Artists to have an ABN. I think I get the basics of it all, but the details are still a bit blurry round the edges.
GST is TOO confusing.
Jeff "Getting So Troubled" Watkins
GST is TOO confusing.
Jeff "Getting So Troubled" Watkins
Taxing Time for Artists
Fri, 26 May 2000, 11:46 amSo you've sent off for an ABN, bought a new computer and a copy of some wizzbang accounting software. You've even invested in a couple of workshops and training sessions to bring yourself up to speed.
Sure it's been a costly exercise, but it's towards earning your livelihood and those types of investments are tax deductible... aren't they?
> "If passed, anyone who works a day job to support his or her life as
> a practicing artist - and earns less than $20,000 a year from that art
> or fails to make a profit from it - will no longer be able to claim a tax
> deduction for materials used to support that vocation."
Check it out.
Cheers
Grant
Sure it's been a costly exercise, but it's towards earning your livelihood and those types of investments are tax deductible... aren't they?
> "If passed, anyone who works a day job to support his or her life as
> a practicing artist - and earns less than $20,000 a year from that art
> or fails to make a profit from it - will no longer be able to claim a tax
> deduction for materials used to support that vocation."
Check it out.
Cheers
Grant
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