photo courtesy of Emily Abramovich, Arts and Business Council, Boston
Engaging Workshops for Creative People
Hannah Cole is a tax expert who specializes in working with creative businesses and artists. A long-time working artist with a high-level exhibition history, Hannah has a unique vantage point for understanding the financial challenges of freelancers and small creative businesses.
In this engaging two hour workshop, she discusses two main components:
1. The self-employment tax system as it applies to freelancers, including how to determine estimated quarterly tax payments and how to make them + adjust them. Provides a deep understanding of the Schedule C.
2. The importance of sound business practices for all creative workers. IRS rules surrounding hobby losses and how to defend against this determination by proving the "profit motive" of one's arts practice. Addresses audit procedure and defense for artists. Tips on good record-keeping and business habits.
followed by a Q&A.
Hannah Cole is the founder of Sunlight Tax and an Enrolled Agent with the IRS.
Current and former clients include RISD, Cornell, MassMoCA's Assets for Artists, CUE Art Foundation, Arts and Business Council of Boston, Rhode Island State Council for the Arts, Boston University, Massachusetts College of Art, New Hampshire Institute of Art, Hamiltonian Artists, DC, Tiger Strikes Asteroid, New York, AICAD/New York Studio Residency Program.
Hannah giving a talk to artists-in-residence at MassMoCA