~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Published
by EDGE STUDIO established
1988 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ WHAT IS EDGE STUDIO? Voice Over
Career Building Production
Studio & Casting ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NEED CD DEMOS? WANT PRACTICE
SCRIPTS? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ THIS ISSUE
INCLUDES: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ADVERTISEMENT The 2004-2005
edition of the Audiobook Reference Guide, from the publisher Check out
the section on Voice Talent--and sign up for YOUR listing in the Call 800-506-1212
or visit www.audiofilemagazine.com to order your copy
1.) VOICE-OVER TAX INFORMATION (This same article ran last month – some readers asked us to repeat it.) Wondering
if you can deduct voice-over Training and Marketing expenses? BY SPEAKING ABOUT DIFFERENT BUSINESS TYPES, this article will help you decide how you can deduct business expenses against your income. Please read the disclaimer at the end of this article. This article
will address two points: What is the right entity for my voice-over business and what about taxes? While there are a myriad of ways a voice over artist can conduct his or her business. The three that make the most sense for most voice over artists are: a sole proprietorship Other possibilities include, and are not limited to, partnerships and c corporations. The sole proprietorship has the virtue that it is simple to form and that its income is taxed once at the owners individual tax rate. Gross profit (or loss) for the year is reported on Schedule C (or schedule C-EZ if certain tests are met) of your Form 1040 and becomes part of your adjusted gross income. Profit (or loss) is calculated by deducting all ordinary and necessary expenses incurred by your business from the income that you have received (reported on Form 1099 in box 7 as non-employee compensations) for your voice over jobs. A word about ordinary and necessary expenses - at the start of your voice over career, the largest expenses you probably will incur is the production of your demo (training, workshops, demo production, etc.) and the marketing of your demo (demo copies, mailers, postage, phone bills, etc). These should be deductible on Schedule C as promotional or marketing/advertising expense. Of course, other expenses such as telephone, postage, professional publications, travel, and printing of business cards are also deductible. Another potential deductible item is office space. While office space used primarily for business is not deductible, office space used exclusively for business purposes is. (Note that office space not used exclusively for your marketing endeavors may be deductible to a percentage, for example, if your office space takes up 10% of your home, then 10% of your rent/mortgage may be deductible.) Some items
are not deductible, such as clothing purchased for voice over sessions.
Even buying a nice suit to meet new clients is not deductible, because
clothing is adaptable to general wear. An LLC is formed under the applicable state’s limited liability company statute. A one owner LLC is generally taxed as a sole proprietorship. Although the tax consequences of a single-member LLC and sole proprietorship are the same, an LLC provides its owner liability protection not available to a sole proprietorship – your assets are not at risk. An S corporation is a business entity whose income is taxed at only the individual level and has the same advantage of limited liability as a shareholder in a regular or C corporation. Unlike an LLC there are restrictions on an S corporation’s capital structure and on who may be a member. An S corporation’s income, gain, loss and deductions pass through to its shareholders and are reported on individual tax returns. Important information: If you are not incorporated, and earned $600 or more from a payor, that payor must send you a 1099misc form by January 31st 2004. If you should have received one, but did not, call that payor. Note that the payor should also send a copy of the form to the IRS. Taxes must be mailed out on or before April 15, 2004. IRS tax help-line = 800-829-1040 IRS tax forms and distribution center = 800-829-3676 IRS on-line tax order form = http://www.irs.gov disclaimer: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ADVERTISEMENT Audiobook
Readers: Channels for Success The Audiobook
World for Narrators When: 9-5:30
on Thursday, June 3rd, 2004 In this full
day seminar you will learn about opportunities in the audiobook Overview
of the audiobook market Seminar panelists
include: audiobook publishers, audiobook Registration
available at www.audiopub.org or by Event sponsored
by the APAC Committee of the Audio Publishers Association, a ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 2.) WASHINGTON DC WORKSHOPS Four Intensive
Workshops. One location. 2.) Intensive
Technique EVALUATION Workshop 3.) ADVANCED
Technique Workshop (some prior voiceover training required) 4.) Intensive
MARKETING Class Voice Over
Training by Edge Studio’s Voice Design Group. Interested?
Call 888-321-edge (3343) to register. since 1988. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ADVERTISEMENT RECORDING FOR THE BLIND & DYSLEXIC RECORD-A-THON 4/19/04 - 4/24/04 The week of April 19 is RFB&D's National Record-A-Thon. Our national goal is to add a minimum of 250 "talking textbooks" to our 98,000 volume library. We have over 5,000 nationwide volunteers serving nearly 236,000 members with incredible success stories. The Record-A-Thon serves several purposes; to raise awareness of our organization, to increase volunteer numbers, and to raise the money needed to continue serving our members. If you are interested in supporting our efforts financially, or would like to inquire about volunteering at one of our local Chapters, please contact me at john@ctvoice.com. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ MARKETING?
IS THIS RIGHT
FOR YOU? Do you want work? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ADVERTISEMENT Accurate readers wanted to cold-read (aloud) ALL text of full-length screenplays. No acting/interpretation/voice-play wanted--just straight reading. Try a 3-hour work session--if you like it, come back for another (readings are ongoing and several times a week). Weeknights or weekends. Chelsea (Manhattan) location (small, bare-bones studio apartment) . Only compensation is screenwriting knowledge/practice and/or practice cold reading. Serious and responsible only. For exact dates and times, email scriptreaders@nyc.rr.com. Only NYC-area residents. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 3.) HOME STUDIO…SHOULD YOU? To Be (a home studio owner)…Or Not To Be. Now that's a good question. Home voice-over studios are perfect for some. Detrimental for others. In this article, reasons are given to support both sides, as well as a compromise. With digital recording equipment costing less everyday, a decent home studio, one allowing you to record, edit, and email/mail files, can be had for under $1,000. Throw in a phone-patch ($100) and ISDN unit ($2,000), and producers will be delighted that they can direct your recording sessions and sometimes even record them for you (giving them total control). Another $3,000 addition of music and sound-effect libraries and you're a complete production studio. What's left? A sound-proofed room. And that's simple: use your closet (clothing is great for sound absorption, plus this room is generally within another room of your house which helps to decrease noise from outside your home, plus it's wonderful for forcing you to clean it out). Alternative? Purchase a pre-fab sound-proofed room beginning at $7,000. So how does it add up? Not bad, especially when considering the potential payoff. In fact, many voice talent operate busy home studios and absolutely love their job . And marketing couldn't be finer, since the world is your potential. Market to any select niche group. Offer one-day turn-around (an exciting benefit for producers). Work form home in pajamas (an exciting benefit for you). What's wrong with this picture? Two major necessities: engineering and producing skills. Regardless of how wonderfully you narrate even the most mundane copy, are you really a qualified engineer and producer? A producer's job is one that comes naturally, and to boot, takes years to master. The producer is creative and decides what the sound should be. They say things like, "Slow down, savor the words more, remember you're reading to picture, okay try it funny instead, you missed a key word, etc." If producers need to hand-hold you through recording sessions, than you should not self-produce. One caveat, if a producer is phone-patched or ISDN'd with you during your recording, then they will take over the role as producer. An engineer's job is to obtain a certain quality sound based upon numerous factors, such as your voice type (thin, resonant, etc.), who will listen to the completed recording (kids falling asleep, kids being entertained, etc.), and where it will be heard (recordings for radio and TV are processed differently than those to be played over telephone systems, which are processed differently than recordings for documentaries, etc.). Plus an engineer needs to create various file types (MP3, WAV, AIF, etc.), load audio onto FTP servers, be able to edit audio like a champ, keep systems running smoothly and up to date, and if offering complete production services, be able to mix music and sound effects like a pro. This is another job that takes a lifetime to master. Ready for the challenge? If so, fantastic. If not, here's a great compromise. Offer your customers the services of a local studio. But instead of buying, building, soundproofing, maintaining, and agonizing over a gigantic learning curve for your own studio, strike a deal with a local voice over production company (not a "music recording” studio). Establish a price for which you can use their services, including studio, engineer, producer, and all production services. What about payment? Either incorporate the studio's fees into your prices, or just eat it. But don’t feel bad about making less money, because you saved the expense of assembling, maintaining, and insuring your own studio. Plus with all the time that you saved assembling your studio and learning how to use it, you have plenty of practice and marketing time. Tip for those who will begin their own home studio. Ensure your quality is up to par before offering services to clients. Record various types of recordings and ask a local producer (or us) to review them for quality. And don't forget studio (or business) insurance. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ADVERTISEMENT Are you tired
of reading off of cue cards? Memorizing long scripts only to EAR-PROMPTER--The
ability to speak, simultaneously, pre-recorded material This extraordinary
on-camera class comes from a leading ear-prompter Call Andréa Urban 917-664-7777 for private or group lessons. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ HAVE A DEMO? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ WANT TO ADVERTISE
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