Can visual artists do the NEIS scheme? Should I do it? How do artists get in?
Visual artists can (and do) do the NEIS scheme. Doing NEIS as an artist has some definate pros and cons. Some pros are that you can keep your income as well as payments and aren’t bothered for a year. Some cons are that some people find the weeks of training a real chore if their art is going well already. Keep in mind there are other systems to keep your money, the MOD F system (explained in the next section). The MOD F system may make you ineligible for NEIS (but there are ways around that, too).
An artist in Sydney told us: “I am currently on the NEIS scheme. I highly recommend it to any artist. Even just doing the six week business course is worthwhile, If its a good one and they’re not all good, you can learn a lot about tax, how to treat yourself as a business, etc. I have opened a gallery in Sydney as part of the scheme but the original idea was making lampshades - they like that crafty stuff. Once your approved just change your mind, hey - they do that in business. Good luck all.”
Anyone know if it helps if you have a related degree from one of the art colleges for NEIS? Or if art schools qualifications are a negative?
“Just a note on having to be unemployed for 12 months to qualify for NEIS - that is no longer the case. you can now be one day unemployed and be eligible for NEIS. i’ve just finished the training component of NEIS (I’m about five months unemployed) and it’s been really good.”
3:04 am by Intern in Uncategorized
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