Tax Accountants who specialise in freelance artists' area ??

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Tax Accountants who specialise in freelance artists' area ??

Postby Li'l Sketchy on Thu Mar 15, 2007 8:50 pm

Hi guys

I just got fired from my job. Kinda. Well, I've been downgraded from full time, to freelancer. (Which isn't a downgrade at all! It's an upgrade! Woo!)

Anyway... are there any Melbournites on here who know any good (hopefully cheap) accountants who specialise in the best possible returns for freelance artists? I can no longer claim my work as a hobby - I have to go legit. Aargh!

If anyone knows anyone good, please PM me! Thanks bunches!

(And I should now have more time for comics and comic strips too! AWESOME!!!)

Getting fired - stress HAS a cure!!! ;)
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Postby Gary Lau on Fri Mar 16, 2007 8:31 pm

Hey Caanan,

Sorry to hear about the being fired or getting downgraded.

I wish I could say that my accountant was good enough but after I visited him last year with my freelance situation, I wasn't that impressed with his creativeness in accounting! :P

Some things he told me was that if you get paid from mainly the one employer, that can be considered as a salary rather than a business. Another thing is to buy a computer (like a Macbook Pro for example) or any other business related hardware to offset your taxes and get some depreciable goods in there.
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Postby Li'l Sketchy on Sat Mar 17, 2007 11:20 am

Thanks Gary!

I've heard a lot of 'facts' about what you can and can't get away with. You know, like, electricity, phone, internet, rent and all that is deductible if you work from home. And materials. And DVDs can be claimed as 'research' if you're a storyboarder 'cos you gotta stay in the game and keep up with cinematography and whatsuch. Art books. Magazines for your image library, etc. There are guys out there (I've heard) that know ALL the cool stuff. Just gotta find one!
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Postby David Yardin on Sat Mar 17, 2007 12:07 pm

If you go the ATO business website http://ato.gov.au/businesses/ you can find out more about claiming expenses.
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Postby Li'l Sketchy on Sat Mar 17, 2007 1:07 pm

Awesome! Thanks David! Looks like it's got all I need to get started! (Logic prevails!) :D

I didn't realise how in over my head I was...
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Postby bluetoaster on Sat Mar 17, 2007 6:20 pm

Great to hear you've got such a positive attitude about losing your boring day job Sketchy. Let us all know if life is better now - and we'll all do it!

We just need a nudge.

PS: The bad thing, is that then none of us will have an excuse for not producing as much comic work then. - but, oh yeah, theres always girlfriends & boyfriends to blame.


;)
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Postby Li'l Sketchy on Sat Mar 17, 2007 8:06 pm

Ha ha! Life is always down to two basic choices. Yes or no. Good or bad. Positive or negative, etc... I choose to think in the affirmative. And will probably blame my lack of comic work from now on, on eating. (I WISH I could blame it on a girlfriend!)

That and not having a car, so the smallest of things - shopping for food, etc, - can take a heck of a lot longer than it should.
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Postby bluetoaster on Sat Mar 17, 2007 8:57 pm

Li'l Sketchy wrote:...will probably blame my lack of comic work from now on, on eating. (I WISH I could blame it on a girlfriend!)

Carefull what you wish for.

.
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Postby Laocorn on Sun Mar 18, 2007 3:31 am

Li'l Sketchy wrote:
...will probably blame my lack of comic work from now on, on eating. (I WISH I could blame it on a girlfriend!)

Carefull what you wish for.


Heheheh...

If you go the ATO business website http://ato.gov.au/businesses/ you can find out more about claiming expenses.


That's one heck of a good resource, one thing I can sugguest is keep an eye on your income level to make sure it doesnt hit into the higher tax brackets, and to make sure you've got enough aside for tax time.

Well that and a large pot of coffee when your reading over the ATO site :roll:
"The Best Way to be Remembered is to Have a Life Worth Remembering" - Bruce Lee.

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Postby Li'l Sketchy on Sun Mar 18, 2007 9:32 am

Laocorn wrote:
Well that and a large pot of coffee when your reading over the ATO site :roll:


Hehe, yeah... The problem with anything legal or taxish, is that it's SUPER boring, and I always have to read it three or more times over to understand it, which only exacerbates the said boringness.
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