What tax should an artist pay?
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tiphani
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Joined: 13 Feb 2006
Posts: 2
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 Posted: 05/21/09 - 05:37 Post subject: |
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| Once I jumped into this commercial world I found myself overbooked with lots of activities besides making a profit I have tax forms to fill in. I see now that there are various taxes that an artist has to pay and I wonder if there’s a guide through this field so that we can all breathe easier and try to escape basic pitfalls of taxation. I read somewhere that self –employed artist when taking short-term contract (couple of days) should pay daily rate approximately £175 – £300 in UK. What tax should an artist pay? |
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luz
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Joined: 10 Nov 2005
Posts: 5
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| Posted: 06/20/09 - 02:28 Post subject: |
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| If you are self – employed or a free lancer you should pay your taxes on a quarterly basis. Paying that self- employment tax is just the way of paying social security tax. On every April 15th you will have to file a federal income tax return on the amount of gross income earned. Don’t forget to file business license return on an annual basis. |
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