I conduct part or all my business through a third party who collects and remits the taxes to the Department of Revenue. Do I still have to file a TPT return? Yes, however, you are allowed a deduction for the portion of the gross receipts the third-party pays taxes on by using deduction code 775.
Common sales tax exemptions include: Professional or personal services where the sale of tangible personal property constitutes an inconsequential element. Services rendered in addition to the sale of tangible personal property at retail.
By default, Returns for Accountants reports all deductions under deduction code 503 - Resale - Sales for resale. Reallocate to another deduction code if necessary.
If a business is selling a product or engaging in a service subject to TPT, that business will likely need a license from the Arizona Department of Revenue (ADOR) and a TPT, or business/occupational license, from the city or cities in which the business has a base or operation.
Artist contracts usually include details regarding payment terms, compensation rates, royalties, and commissions. A contract also protects the intellectual property of the artist and may include rights to license, use, and exhibit the artwork or performance created.
Important clauses in the artist agreement Parties. This clause defines the parties to the agreement, one would be the producer and the other would be the artist. Project. Payment/compensation. Service/work by an artist/engagement. Terms and conditions. Term/duration. Rights of the parties. Artists obligations.
Contracts like an artist agreement help avoid miscommunications and confusion over the rights and responsibilities of both parties involved. Artist agreements typically include availability expectations, performance markers, and licensing or ownership rights of the works created during the partnership.
To help you get started, take a look at a few basic components to include in your contract so you can better protect your art business. Client Info. Project Info and Terms. Project Timeline. Costs and Payment Terms. Itemization. Artist's Rights. Cancellation Terms. Acceptance of Agreement.
How to Write an Artistic Statement Brainstorm. The first hurdle is to figure out what to write about. Freewrite. The process of writing without judgment or self-editing can help artists get at their basic philosophy. Rewrite what stands out. In general, be specific. Be clear and concise. Proofread. Use your own voice.
To write a simple contract, title it clearly, identify all parties and specify terms (services or payments). Include an offer, acceptance, consideration, and intent. Add a signature and date for enforceability. Written contracts reduce disputes and offer better legal security than verbal ones.