Self-Employment Taxes and Tax Issues Workshop for Artists – January 7, 2015

The City of Bangor’s Commission on Cultural Development will be hosting a workshop on self-employment taxes and tax issues, particularly those relevant to artists, both new and established.

Lily Dalton, Hilary Clark, and Al Faust, from EFS, will be offering a one-hour presentation, with a 30-minute question and answer period to follow, to help artists navigate the complexities of business taxation.

What you will learn:

  • The different types of business entities, and the advantages and disadvantages of each
  • Self-employment and income taxes, and how and when businesses must pay them
  • Deductible business expenses, and reporting requirements
  • The home office deduction, the (new) simplified method for deducting home office expenses, and when you qualify to take it

Who should attend:

This seminar is geared towards both established professional artists, and to those who are looking to start their own businesses. We will attempt to cover the widest range of topics, from generalities to specifics, to provide the most information possible in a short period of time. For those people with specific questions, the question and answer period should be especially valuable.

Call Caitlin Brooke at (207) 992-4234, or email her at, if you are interested in attending.

Wednesday, January 7th, 2014

Time: 6:00 – 7:30 PM

Location: Bangor Public Library, 145 Harlow St., Bangor, ME 04401

About the presenters:

Lily Dalton, CPA, has worked at Edwards, Faust & Smith for two years. Prior to that time, she was a technology consultant for Anderson Consulting and Deloitte Consulting. She was also a researcher at Carnegie Mellon University.

Professional Credentials:

  • CPA (Certified Public Accountant)
  • Post Baccalaureate Certificate in Accounting
  • MS, Mathematics
  • BS, Mathematics

Hilary Clark, Staff accountant, has worked at Edwards, Faust & Smith for nine years. Prior to that time, she worked in the banking industry.

Professional Credentials:

  • BA, Latin, history minor

Al Faust, CPA, is the senior tax principal, and a founding partner of Edwards, Faust & Smith. He previously worked for Berry Dunn and Jordan and Jordan, and has more than 40 years tax and accounting experience.

Professional Credentials:

  • CPA
  • BA, 5-year accounting program