Some of the business elements of pursuing a career in the arts can be pretty exciting. Finding solid representation, seeing your work showcased on professional platforms, creating a totally on-brand website, formalizing your business bank account …But there’s another piece of the puzzle I’ve been reminded of over the last few months at Mischief Managed: don’t forget the art part.
Since starting as Marketing Coordinator for Mischief Managed this fall, I’ve worked with a number of Mischief Managed clients to help shape their online footprints and hone their personal stories. Through the process, I’ve been inspired by our clients’ creativity and resolve and have learned a lot about the challenges facing freelance artists.
Taking time to reflect on an incredible year two in business. Looking forward to things to come.
THIS YEAR I WANTED TO GIVE AWAY MY TEMPLATE I USE FOR MY YEAR END REVIEW OF MISCHIEF MANAGED. IT'S A QUICK 2 PAGE DOCUMENT THAT YOU CAN ADAPT AND EDIT FOR YOUR NEEDS. REWARD YOURSELF BY MAKING TIME TO REVIEW, YOU WILL BE SURPRISED TO LEARN HOW MUCH YOU REALLY DID ACCOMPLISH THIS YEAR!
After reading the first blog TAX TRICK #1 hopefully you feel great about all the monies you received this year but it’s time to flip the coin and start to remember all the monies you spent this year.
Did you know?
If you are a freelancer, the minimum amount of money you need to earn and to file a tax return is $400!
"Why is the number $400? While you may not owe any income taxes, as a freelancer, you must pay self-employment taxes in addition to regular income taxes. Self-employment taxes start if you earn $400 or more. Therefore you must file a tax return if you GROSS $400 OR MORE.”
NO is just as important as YES. I know it's hard to hear when you have bills to pay and a reputation to keep but saying yes to every project or new venture could actually be the death of your momentum.
I wanted to take a vulnerable moment to say out loud, "thank you and please continue to hold me accountable". As a freelance artist and full-time entrepreneur it's easy to discount your work, time, and worth. But as I have encouraged my clients and community I in turn was pushed to practice what I preach. I had to choose to celebrate!