tax deduction

Showing all 4 results in tax deduction

Receipts

[question author="Joan H.,  Canada"] Greetings all – how do you provide receipts to students?  ie. to all, or by request only? 2ndly, is there any suggested format or type of receipt protocol to be aware of to use?  If you use a soft copy format,…

Parent Requests Tax ID

I have a parent of a student doing their taxes, and they asked me if I have a tax number. I don’t think so? Then they asked if Simply Music has a tax number. Why do you need a tax number for piano lessons? Maybe…

Income Tax

Has anyone discovered any way to (legally!) pay less taxes on piano teaching income? Deduct everything you possibly can. Keep your income in a tax bracket you’re more happy to live with. Have a company put you on payroll. Though that last really doesn’t work…

Are lesson fees tax-deductible?

Are piano lesson fees tax-deductible for families? I just had a family ask for a receipt for all of 2016 fees. Not asking for tax advice, just curious. No. Only if someone’s a professional musician and can claim music expenses as business expenses. I’ve had…