Posts Tagged: art


5
May 10

My New Book: “Starving the Artist” Is Now Available

If you’ve been following my updates here or on Twitter, you are likely aware that over the last nine months or so I’ve been working on a new, nonfiction book, discussing the value of creative works.  The book, Starving the Artist, focuses on how in today’s Internet age where information can be transferred for a negligible amount of money (basically for free), the underlying creation that makes up the music, movies, books, art and other types of media that we enjoy, is being viewed as something that should be free as well.  A lot of this comes from the thought process that the actual cost of a product should be determined in great part to the physical cost of the packaged good, as well as the general philosophy of those that argue “Information should be free.”

The full title of the book is Starving the Artist: How the Internet Culture of “Free” Threatens to Exterminate the Creative Class and What Can Be Done to Save It.  It’s not a book about copyright law or an argument that “free is evil” – instead it’s a discussion of our current state of how we value other people’s work and creations, and how it should not be up to us as consumers to decide whether or not we want to pay what the creator is asking (if they are asking for anything at all). In some ways it’s a response to Chris Anderson’s Free: The Future of a Radical Price and tangential to Andrew Keen’s The Cult of the Amateur.

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4
Feb 09

Plan to Sell Your Creation? Then Be a Business and Claim Your Tax Deductions.

Dollar in Your PocketWhether you’re an author, musician, artist or any other kind of content creator, one important thing you need to think about is whether you create as purely a hobby, or if you intend (or hope) to someday make money off of your creations. For many creators, this intent becomes obvious once you’ve decided to go beyond creating for yourself, friends and family and taking the big step into offering your creations to the rest of the world (with an intent to make some money while you’re at it.)rec

If you’ve taken this step, you’re a business – and you need to start acting like one.

To be a creator doesn’t mean you have to be creating a tangible item either. You could be running your own blog, review website, etc. – and if you are doing it with the intent to make money – and even if you’re not currently making a profit or doing it full-time – you need to treat it as a business.  And, during this time of the year, that means claiming all of your expenses in your tax return.

During my college days I launched and ran Music-Critic.com (I sold it years ago now) – and I ran it as a business. The fact of the matter is that if you’re going to make any money from a venture, you have to pay income tax on that money. This is why you are required to supply your tax ID or Social Security number when you sign up for affiliate programs, Google AdSense, publishing through sites like Lulu.com, and any other instance where an entity is going to be sending you a check.  At the end of the year, if they’ve sent you any money, they’re also going to send you your tax information – which you are required to include in your tax filing.

But whether or not you actually did make any money in the first year or two doesn’t mean you’re not running a business. If you honestly are attempting to make a profit from whatever you are doing (in my current instance, writing a book), then you need to start treating this venture as a business now. Beyond the mindest that running a business requires (seriousness, professionalism, etc.), you also need to run it right financially. And again, at this time of the year, it means writing off any expenses you put into it in the previous year.

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