In this episode, Rachel Wilkins speaks with Rodrigo Valles Jr and Gilbert James Ruiz from Aktual Money about financial resources that are available to artists running businesses, tips on record keeping, tax compliance and business structure that artists should consider having in place. They explore a list of items that artists can claim on their taxes but may be overlooking, expenses related to bringing the studio into your home versus running a studio separately, separating business from personal expenses, pitfalls, the difference between federal and state taxes and its importance.
