Financial Management

Attention to financial planning and management is an important part of any business. These resources will help artists be better informed around the many facets of financial management.

Note: The resources on these pages are listed by priority, with top-rated items appearing first. For more information on the listings and how to submit recommendations for listings, please see the note at the end of Artists' Career Resources.

New York Foundation for the Arts: The Profitable Artist

External Link

| New York Foundation for the Arts

The Profitable Artist is a handbook for artists in the performing, literary and visual arts, compiled by arts professionals and the New York Foundation for the Arts (NYFA). The book guides the reader through five broad substantive topics that are often overlooked by artists: strategic planning, finance, law, marketing, and fundraising. Each topic area is reinforced by real-world examples and applications of the material.

Taxation & Tax Deductions for the Self-Employed Visual Artist

External Link

| Riley & Associates, P.C.

A summary of tax related issues for visual artists by certified public accountant Peter Jason Riley of Riley & Associates, P.C. This resource will help you determine if your art enterprise is a business or hobby in the eyes of the Internal Revenue Service and guide you to better understanding of business income, inventory, expenses, equipment purchases, and claiming a home office deduction. Included in the resource are links to business income and expense worksheet templates designed specifically for visual artists. The Riley & Associates' website has similar tax issue summaries for performing artists and writers.