While every effort is made to ensure the information in this article is accurate, Visual Artists Ireland and the author can accept no responsibility for loss or distress to any person acting or refraining from acting as a result of the material contained herein. Self-Employment – The Advantages Being self-employed means you are carrying […]
While every effort is made to ensure the information in this article is accurate, Visual Artists Ireland and the author can accept no responsibility for loss or distress to any person acting or refraining from acting as a result of the material contained herein. Introduction to VAT It should be noted from the outset […]
It has come to our attention that Revenue have now implemented and are checking for VAT compliance under the amendments introduced in the Finance Act 2015. The Act means that people offering education and workshops outside of specific constraints are now required to charge VAT and, within the VAT definitions, provide VAT returns to Revenue. […]
February 4, 2016 – February 4, 2016 Kerry County Council Map and Directions | Register Description: Visual Artists Ireland in partnership with Kerry County Council. Do you have difficulty making sense of the financial aspects of your work? This session in two parts is designed specifically to be relevant to the financial realities faced by artists. Gaby […]
Self-employment means that you work for yourself or in partnership with others. Being self-employed enables you to choose the type of work you wish to undertake and the amount of time you wish to spend working on it.
Being self-employed means you are carrying on your own business rather than working for an employer. With this there are many advantages and disadvantages.
This article will be of interest to self-employed artists. It aims to provide guidelines on how to manage and control the day-to-day finances associated with their work. What follows describes what a hypothetical artist, Karen, should do once she has finished at art college and has started exhibiting and selling her work. Karen should keep separate in her mind and in practice the finances associated with her personal life and the finances associated with her business of creating and selling art. In many cases, it is easy to determine whether an expense is ‘personal’ or ‘business’. In other instances this is not straightforward, particularly where a payment – e.g. for electricity or travel – may be partly business and partly personal. A key aspect to identifying and quantifying this differentiation is to adopt a systematic approach to keeping records and to preparing and reviewing budgets.
It is impossible to provide a detailed answer to this question as the issue is too subjective. However, Visual Artists lreland has commissioned Gaby Smyth and Co Accountants to prepare a guide on Tax, PRSI and Social Insurance benefits for self-employed artists. This guide provides advice on how to keep books and records, prepare your […]
The Revenue website provides all the information you need to apply for the Artists’ Tax Exemption. Here you will find information on how the scheme works, eligibility, how to claim and the required claim forms. The site also provides a useful FAQ’s section relating to the Scheme. See: www.revenue.ie/en/tax/it/reliefs/artists-exemption.html In addition, The Manual contains an article […]