Understanding Expenses for Tattoo Artists in Columbus, Ohio

Being a tattoo artist is not just about creativity and skill; it also involves understanding and managing various expenses to ensure a sustainable business. If you're a tattoo artist in Columbus, Ohio, it's essential to be aware of the costs associated with your profession, from supplies to taxes. Let's dive into the typical expenses you might face.

1. Studio Rent and Utilities

One of the most significant expenses is the cost of renting a studio space. The price varies depending on the location, size, and amenities of the studio. In Columbus, you might expect to pay anywhere from $700 to over $1,500 per month. In addition to rent, utilities such as electricity, water, and internet are necessary and can add a few hundred dollars to your monthly expenses.

2. Equipment and Supplies

Tattoo artists require a range of equipment and supplies, including tattoo machines, needles, ink, gloves, and sanitization products. A good machine can cost anywhere from $600 to $1000 . A box of 20 High-quality cartridges can cost between $38 to $56 depending on the brand and size of the needle grouping and quality ink can cost $14 for 1oz. Quality Supplies are crucial for safety and the consistency of your work. Monthly expenses for supplies can range from $100 to $500, depending on the volume of work and the quality of materials used.

3. Licensing and Permits

In Ohio, tattoo artists must comply with state regulations, including obtaining the necessary licenses and permits. The Ohio Department of Health oversees tattooing regulations, and you must ensure your studio meets health and safety standards. Initial licensing fees and ongoing renewal costs should be factored into your budget.

4. Insurance

Professional liability insurance is essential for tattoo artists to protect against potential claims related to their work. Additionally, property insurance can cover studio equipment and supplies. Insurance costs vary, but you might expect to pay between $500 and $1,000 annually for comprehensive coverage.

5. Marketing and Advertising

To attract clients, investing in marketing and advertising is important. This might include maintaining a professional website, social media advertising, and participating in local events or conventions. Monthly marketing expenses can range from $50 to several hundred dollars, depending on your strategy and goals.

6. Columbus Sales Tax

In Columbus, Ohio, the sales tax rate is 7.5%. As a tattoo artist, you need to charge this tax on the services you provide and remit it to the state. This means if you charge a client $100 for a tattoo, you must add $7.50 in sales tax, totaling $107.50.

7. Self-Employment Tax

As a self-employed individual, you are responsible for paying self-employment tax, which covers Social Security and Medicare. The self-employment tax rate is 15.3% on your net earnings. It's crucial to set aside a portion of your income to cover these taxes, as failing to do so can lead to significant penalties.

8. Miscellaneous Expenses

Don't forget other potential costs such as continuing education, travel for conventions, and miscellaneous studio expenses like furniture and decor. These can add up and should be included in your financial planning.

Conclusion

Being a successful tattoo artist in Columbus, Ohio, requires more than artistic talent. A clear understanding of your expenses and effective financial planning is crucial. By accounting for rent, supplies, taxes, and other costs, you can ensure your passion for tattooing translates into a thriving business. Remember to consult with a financial advisor or accountant to optimize your tax strategy and financial management.