Ep. 174 | Taxes 101 for Photographers

Let's talk about taxes, baby! In this episode, we are covering everything you need to know to prepare for taxes!

Here are some of the topics we cover:
-what to file as
-income/expenses
-bookkeeping and tracking
-paying quarterly vs yearly
-tax percentages
-paying yourself

I hope today's episode helps you tremendously!

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Tax Expense Categories:
Advertising + Marketing (anything that gives you visibility)

Auto/Car Expenses (ask your CPA on this one!)

Bank Service Charges + Fees 

Business Development (courses, mentorships, etc)

Charity/Giving 

Client Closet 

Client Gifts (thank you cards, gifts, etc)

Contractors (assistants, social media managers, etc)

Dues + Subscriptions (anything NON-SOFTWARE RELATED)

Gas (only if applicable)

Licensing + Fees (LLC, etc)

Meals + Entertainment

Office Supplies (business planner, pens, calendars, SD cards, etc)

Photography Equipment (lenses, camera, batteries, chargers, cords)

Prints/Products (what YOU paid for costs of goods)

Processing Fees (paypal, venmo, square, etc)

Props 

Professional Services (tax preparation)

Shipping/Freight/Delivery/Postage

Software + Subscriptions (adobe, flodesk, Gsuite, Pixieset, etc)

Travel + Mileage

Tolls + Parking (only related to session use!)

Utilities (internet, phone, etc)

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