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I've been filing quarterly since I began doing commissions in 1996, at the advice of my accountant. It's helpful, as you say, because it lets you keep track of how you're doing professionally. My basic costs are low because my studio is just across the driveway and my only expenditures are heat and electricity, plus the depreciation value of the remodeling job to turn the cottage into a workplace. But I was advised that this would be a good year for me to purchase any extra little amenities that I need for my business because I made much more money than I usually do and some of it needs to go back into the studio. It still wouldn't be enough to support me if I were dependent on that income for food on the table, but it's a nice addition. My new, refurbished website is one of my extras this year.
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