LUCY
LUCY Academy

Money, tax & running it like a business · Lesson 2 of 6

What counts as income, and what you can claim

22 minFoundationalFree

What you’ll be able to do

  • Recognise every stream of music income you receive
  • Keep records that survive a tax return
  • Understand the general shape of deductible costs
  • Know which questions need a local professional

Inside this lesson

  1. 1Watch first: the shape of creative-work tax
  2. 2Everything that counts
  3. 3The costs
  4. 4Records

In the app

Take this lesson in the LUCY app

Open it in LUCY and the lesson rewrites itself around the music you make, reads itself aloud while you work, and answers questions about your own releases. Free with your account.

  • Rewritten around your genre and where you're at
  • A coach that can see the releases in your account
  • Narrated — put it on while you work
  • A badge for the track when you finish it
Start this lessonFree with your LUCY account · opens the app if you have it

Don’t have it yet?

Download on the
App Store
GET IT ON
Google Play

In this lesson you will learn: Recognise every stream of music income you receive. Keep records that survive a tax return. Understand the general shape of deductible costs. Know which questions need a local professional.

What this lesson covers

Recognise every stream of music income you receive

Keep records that survive a tax return

Understand the general shape of deductible costs

Know which questions need a local professional

Inside this lesson

Watch first: the shape of creative-work tax

Everything that counts

The costs

Records

Take this lesson in the LUCY app

Open this lesson in LUCY and it rewrites itself around the music you make, reads itself aloud while you work, and answers questions about your own releases. Finish the track and the badge is yours. Free with a LUCY account.