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Art & Tax: When does your hobby turn into a business?
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April 22, TBS Staff. A totally free college education isn't the norm in the United States — but getting a tuition -free degree is possible! Many colleges, including some prestigious ones, provide free tuition alongside other financial assistance. According to a Harvard University study, due to the high cost of a college education and other factors, American college students leave college without a degree at higher rates than other developed countries. The total cost includes tuition, required fees, books and supplies, and the average for room and board and other expenses. The report also shows the percent of graduates with debt ranges from six to ninety-eight percent, depending on the college.
The Architect's Guide to Doing Taxes
The costs associated with becoming a licensed architect are out of control. If you have gone through the process yourself in the last 10 years you know exactly what I mean — it seems like there is a never-ending line of people with their hands out, telling you that you have to pay for every single step along the way — and we all know that there are a lot of steps along the way to becoming a licensed architect. Over the past 40 years, the requirements for architectural licensure have increased tremendously in terms of time and cost to the candidate. This is an extremely important issue for our field — it forces us to look at how we are nurturing and building the careers of the young people who aspire to become architects, and what their path to success might include. I have read the report myself several times over and the data presented in it is both remarkable and alarming.
Architects design and build residential and commercial buildings of different scales. As per the Department of Labor statistics, a 4 percent growth can be expected in this field until Architects will continue to be in high demand in residential, government, and commercial construction projects.