FEBRUARY 21 - 5 PM ET
Don't miss this one if you are "closing your books" or struggling with what to do about your bookkeeping!
Did you ever see such a business for high overhead as the art fair business? Travel expenses, booth fees, employees, tents, studio space, art supplies, credit card fees, etc.
We talk to two artists with bookkeeping experience and we'll learn how they adapted this information for art fair bookkeeping. Our experts are:
- Alison Thomas worked with her husband in his HVAC business and did the bookkeeping with Quickbooks. The business was a corporation with employees so she knows payroll and payroll taxes and the forms. We'll talk about Quickbooks and how she uses them for her art fair business.
- Leo Charette has been a data manager using computers since the 1980's, so when he started participating in art fairs he developed a system that could manage the interrelated relationships between creating art, selling art and staying in touch with the art fair patrons.
We'll start with the nuts and bolts of how you begin keeping the books and doing your first tax return and then answer your questions.
Your options:
--Listen live here: http://www.blogtalkradio.com/artfairs/2014/02/21/taxes-artists-keep-their-books
--Download it for later at that same link
--Call in with questions: (805) 243-1338
--If you can't call in post your question in the comments below and we'll talk about it.
Comments
Impressive, Alison.
I had a discussion about this with a friend this weekend. I have Carbonite backup running, hope that is sufficient.
One thing I completely forgot to say is the absolute necessity of backups. I back up my Quickbooks file on a separate disk every time I use it. I save my important emails to a separate disk and I save all downloaded software programs to a separate disk and I email the software key to myself and save that. I then copy that disk and leave the copy at a friend's house for an offsite backup. Don't even get me started on what I do with my photography files :-) About 6 years back I got a virus on my computer and lost everything. I was up and running in a day. The only thing I lost was the current emails that I had not cataloged yet and I've solved that problem by going to gmail.
I read somewhere that 90% of small businesses that lose their main computer and don't have backups will go out of business in a year.
I use a cloud based program Freshbooks. I can track all my expenses and income from my iPhone...
Well, I really liked this! Both Leo and Alison full of down to earth commentary on how to earn a living in this business. Using tools to make "business" decisions on what to sell, where to go and long term planning. You'll like it too.
Leo Charette has laid out his system for you to see at this link: http://www.artfairinsiders.com/forum/topics/podcast-talk-tomorrow-a...