Tax Basics for Creatives (Online)

Presented by Creative Plus Business in partnership with Service NSW Business Connect.

All creatives, arts organisations and small businesses need to understand how their tax rights and responsibilities work – but it’s all so boring! And where to begin? Tax is painful but an inevitable part of surviving and thriving in the creative industries. Managing the annual and ongoing obligations of tax as a creative means getting an understanding of what’s involved in the first place, getting organised, and learning about the unique position that creative professionals hold in the Australian tax landscape. It’s not fun, but a few simple tips and tricks (and a friendly face) can help.

Tax Basics for Creatives is a workshop presented by Monica Davidson (Creative Plus Business) that covers the basics of how tax works for creative professionals, the intersection between individual tax and small business, and how key creative tax rulings can help creative practitioners in the tax world. With a specific focus on the arts and creative industries, this workshop will cover:
+ Understanding what basics of how tax works – jargon, income, expenses, and what to pay.
+ How to calculate ‘taxable income’ and ‘assessable income’.
+ The key creative tax rulings, and what they mean in practical terms.
+ Hobby vs Business, how to work it out, and why it matters.
+ The basics of tax deductions and how to figure out what you’re entitled to.
+ Easy tips and tricks for getting organisation, record keeping, and cloud accounting platforms.
+ Where to get help – an introduction to the Groovy Accountants.
Tax Basics for Creatives is a collaborative workshop and participants will be encouraged to ask questions, share experiences and ideas, make connections and foster peer relationships.

Monica Davidson from Creative Plus Business will provide information relevant for you to build your tax knowledge and confidence.