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Quick question studio owners!

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Old 24th May 2006   #1
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Quick question studio owners!

About how much of the total gross income of the studio goes to taxes? I have a project for school where I am building my own studio on paper. Any other tax help would be appreciated such as what can you get deductions for and how much?

Thanks lucky studio owners! You are the wind beneath my wings!
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Old 24th May 2006   #2
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In the UK you can get all the VAT back on gear you buy when you set up.... But they will want you to be sending them money from then on.. if not - you are in trouble..
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Old 24th May 2006   #3
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Quote:
Originally Posted by Jules
In the UK you can get all the VAT back on gear you buy when you set up.... But they will want you to be sending them money from then on.. if not - you are in trouble..
Oh sorry man! I should have thought before i posted and specified I live in the US! dfegad
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