Helping artists, performers, and writers become profitably creative™

Here's what's due this month... ...

Rex answers a frequent question: can a non-profit legally reimburse expenses incurred by an officer? ...

Rex answers questions about whether a board member can legally make a loan to an arts organization. ...

You DO have insurance, DON'T YOU? ...

Think all donations of property are taxed the same? Think again, especially if what's being donated is only part of the property. ...

  Interesting arts- and artist-related tidbits culled from the Interwebs Remember when MTV played music videos? http://ow.ly/7m5i4 If you don’t know how to connect, relate and communicate with people, there’s little hope for you in becoming profitably creative ow.ly/7l9rd Che redux: How to create iconic images in 5 not-so-easy points ow.ly/7l667 Considering working from home? ...

Rex answers questions about the tax deductibility of different fundraising events like ticket sales and silent auctions. ...

Learn about the IRS Fresh Start Initiative via an informative, one-hour webinar on Wednesday, August 31, at 1pm (CT). The IRS is helping individual and small business taxpayers get a Fresh Start with their tax liabilities, which includes changes to collection policy for Lien filing threshold, Lien withdrawals. Installment agreements, and Offer in compromise. ...

Business mileage deduction increases to 55.5¢ per mile. But do you know the three non-business purposes for which you can receive mileage deduction? ...

  Dear Rex, We’re both an arts studio (teaching classes) and theatre company (putting on performances) and were wondering if we were subject to Texas state sales tax with these two things? -Windy Dear Windy, When you sell tickets to performances, those sales are clearly taxable as “amusement services” under Texas Administrative Code Rule §3.298(a)(1)(A). ...