Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts

Wednesday, April 13, 2005

The Lord Giveth...

And the Tax Man Taketh Away.

The one deadline in the year that I don't fuck with is the April 30th deadline to file my income tax return. There have been a few years when I've been chomping at the bit, but generally I manage to file my tax return within 2 to 3 weeks before the deadline.

This year, I got a little freaked, as it seemed that with respect to my musical career, the floodgates have been opened. I am working 14-16 hour days, usually until midnight, with rehearsals, gigs, and teaching my pupils. I am currently rehearsing with three bands (I have never had that many bands on the go at once), so it seems that I am being asked to be at multiple places at the same time. Looking at my schedule for the next few weeks did not leave many days open that I would be able to tackle my tax return. At the first opportunity (today) I did just that.

Since I operate my own business, filing my tax return isn't as easy as everyone else's. There is a lot more work involved with respect to business income, expenses, liabilities, etc. Unfortunately, this year the tax return wasn't so kind to me. I had to pay.

2005 is quickly becoming an expensive year for me. I am generally spending more than I am making, and I am trying to recover my expenses by taking any extra-curricular job I can. That means weekend gigs, and extra students.

I think I need a big raise.