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Showing results for tags 'income'.
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I used to be very active on the (old) Alamy forums and back in 2008 we had many discussions about "Novel Use". At the time and the way the markets were going I decided it wasn't for me. Stock photography is not such a significant part of my photography business these days and so it is time to revisit options. What is the current thinking on "Novel Use" - I notice that 70% of contributors have signed up to it? Do you see any significant benefit from doing so? The 30% who have opted out - why have you remained out of the scheme? For me, back in 2008, I felt that "Novel Use" undermined the value of the images and the work involved in creating them. Today, my stock imagery is something I create "on the back" of other things so any income from it is a bonus so I am wondering about opting in. So what's the general feeling about Novel Use these days? Ian.
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I came across this article I wrote a few years ago, while working as a Reward consultant and before taking up news photography. It struck me, with some force how much of this applies to photography earnings. Photos I took years ago suddenly sell, frequent requests for “free” photographs on the nebulous (the word of the month) promise of work tomorrow or a favour at some later date. Photos taken today may pay out a reasonable amount tomorrow (improbable) or a little next month or year: and so on. And, I still end up trying to explain both to HMRC and my wife, why my earnings never quite keep pace with my expenses...... http://www.hrreview.co.uk/analysis/analysis-reward/ian-davidson-dear-tax-inspector/49067
