Accounting for Freelancers and Artists

Whether you're an artist, actor, writer, designer, musician, or work in another creative field, doing freelance taxes is not as simple as doing taxes when you only have one W-2 job. Many freelancers do not focus on how much they have actually made in the year. Some may have made so much more than they predicted that they have not put in a sufficient amount for estimated taxes. Still others may not want to face it because they have not paid quarterly taxes and fear for their bottom line. Being a freelancer means running a business. Everyone who runs a business should know where their business stands throughout the year, not just at tax time.

We are prepared to help.

Our staff--which includes an experienced opera singer and MFA-trained actor--is highly sympathetic to the needs of artistic freelancers.

To help you organize your freelance tax preparation, here is a basic list of typical expenses incurred by freelancers.

  • Office supplies
  • Cabs, subways, buses
  • Book, magazines, reference material
  • Telephone/internet
  • Promotion
  • Office rent
  • Gas and electric
  • Memberships (professional organizations)
  • Messengers, private mail carriers, postage
  • Business insurance
  • Tax preparation
  • Travel
  • Business meals and entertainment
  • Equipment
  • Software
  • Mortgage interest/taxes
  • Legal and professional fees