If it is true that the only certain things in life are death and taxes, this workshop will make navigating one of those things considerably easier. Join CPA Elaine Grogan Luttrull, as she reviews federal income tax basics for creative individuals, including how the tax landscape changes based on the type of income an artist earns. We’ll also discuss common deductions claimed by creative entrepreneurs and key aspects of tax law that impact financial wellness, including deducting interest for student loan payments and saving for retirement. We’ll conclude by reviewing some tips and best practices to keep excellent tax records. As the founder of Minerva Financial Arts, a company devoted to building financial literacy and empowerment in creative individuals and organizations, Ms. Luttrull will share her expertise on how to empower yourself to connect financial decisions with your creative goals in this live three-hour online Master Class.
Topics covered include:
- Identify ordinary and necessary deductions common to creative businesses.
- Review the overall income tax landscape for federal and state filings.
- Identify records to retain for tax purposes and effective systems for tracking expenses and income.
Table of contents:
- Welcome and intro by Sundance Co//ab: 0:03 min
- Welcome Elaine and intro to the Master Class: 04:10 min
- First Module: Entity Types: 7:57 min
- Second Module: Getting Paid: 32:00 min
- Third Module: Business Deductions. What can I Write Off 47:32 min
- Fourth Module: Recordkeeping Strategies. What Should I Keep? 1:32:23 min
- Fifth Module: Recap and final questions 2:30:27 min
If you have tax-related questions for Ms. Luttrull, please add them to the discussion area below.
Resources:
Download the list of resources from Elaine Grogan Luttrull, CPA
All Sundance Co//ab Master Classes are recorded and will be available for all registrants after the live event. Please allow up to 24 hours after the live event for the recording to be posted.
If you have a disability and require accommodation in order to fully participate in this event, please complete this form, contact us at (435) 776-7900 or email us at accessibility@sundance.org to discuss your specific needs. Every effort will be made to accommodate advance requests; requests made within 5 days of the event may not be guaranteed.
