Top 7 Tax and Accounting Tips for your Photography Business

Jan 28, 2019

Topic: Taxes & Accounting
Time Investment: 30 Minutes
Suggested Product:  BizRevamp®

Taxes and accounting can be daunting. But, we’ve got your back! Here are our top 7 tax and accounting tips for your photography business.

Disclaimer: Tax laws frequently change. Please check with a CPA before implementing anything that can affect your tax contributions or deductions. 

Here are the top 7 articles on tax and accounting for your photography business:

As with many of our top tips articles and roundups, we like to provide you with an outline of the articles we are suggesting so that you can appropriately prioritize your time. We are big proponents of you making decisions that work for your business, your priorities, and your time. So here we go with tax and accounting tips for your photography business:


Where is photography sales tax charged?

They say death and taxes are two of the only certainties in life. Only problem is that sales tax can be a little tricky to figure out as a photography business owner. This article presents the basics of sales tax and how to figure out who you need to pay, how much, and how often.  Help me pay the (right) man!


What is the difference between federal, state, & sales tax for photographers?

You may have heard something like “I don’t have to report my income if I don’t earn X, therefore I don’t have to worry about sales tax.” Ummm, well, one of these things is not like the other. If you have questions about taxes, you are not alone. This article is about helping you understand the basics so you can research more effectively and to help you formulate questions when you meet with a CPA. Help me see clearly now.


After the Sale: Developing an accounting workflow for your photography business.

In one sense, the sale is just the beginning. After you’ve made the sale and received the check (or direct deposit), the admin work starts. Do you know that the same steps are being taken for each and every sale? Setting up consistent systems can be the difference between succeeding as a business owner and being shocked every time you realize you need to make tax payments! This article will help you with the process of developing an accounting workflow for your photography business! Show me the money!


The new tax law and your photography business.

It’s likely you’ve heard about the tax legislation – the Tax Cuts and Jobs Act – and that it will impact you as a business owner. But do you know how the tax law and your photography business will interact with each other? This law is important for your tax filings! Give to Caesar, what is Caesar’s!


3 Accounting tricks for photography businesses (including photography business software tips!)

You’ve heard the horrors of sitting in the midst of piles of receipts in shoe boxes or a surprise tax bill. We want to help you not be that person! For small businesses, organizing accounts and keeping track of expenditures, benefits, and income will reduce the amount of stress and frustration owners face during tax season. Even if you don’t want to hire an accountant (or don’t yet have the money), there are ways to make life easier for yourself! Let us teach you our ways.


The Ultimate Tax Deduction Purchase Guide for Photographers.

You might be paying tax installments throughout the year or paying in one lump sum at tax time. Either way, one great way to decrease tax liability is to maximize your tax savings and tax deductions.  This is the ultimate tax deduction purchase guide for photographers. Save me some money!


What to know when hiring a CPA or attorney for your photography business.

Hiring a CPA or attorney feels like a major decision.  It is, but it’s a sign that you’re taking your business seriously by looking to experts for guidance and help.  We know it can be daunting: the cost, finding someone you trust, and feeling like you are losing control. However, for most small business owners, it signifies the growth and success of their business up to this point.  This is just the next (smartest) step to ensure continued success.  So where do you start? Here.


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