Tag Archives: Tax deductions

How can I manage expenses for my creative business?

You started your creative business because you were following your passion. Surprisingly enough, that passion wasn’t expense management. But, in order to build a long-term, sustainable career doing what you love, good accounting is vital. Here are our top three tips for managing expenses so you can stay compliant and stay profitable as you grow […]

How do I turn my hobby into a creative business?

creative business cpa

What’s the difference between a hobby and a business? For most of us, this line can get pretty blurred, especially when you’re striving to build a business out of your creative passion. But, in the eyes of the IRS, there’s a very clear distinction: Businesses can offset losses against money they make elsewhere. Hobbies can’t. […]

Are my client gifts tax deductible?

      Nothing gets us all in the giving mood like the holiday season. After a long year, you’re looking to spread a little extra cheer and goodwill to your employees, clients, and associates in the form of some thoughtful gifts. But you find yourself wondering: is that box of chocolates or basket of […]