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Tax Deduction Checklist for Photographers

Tax Deduction Checklist for Photographers

Don’t wait until tax time to get your deductions in line.  These are the very items that will help give you tax benefits and keep money in your pocket, instead of giving to Uncle Sam. TheLawTog has compiled a Tax Deduction Checklist for Photographers that goes over: identifying expenses for deduction types of deductions examples for your reference Download your free checklist here  

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[Update] Paycheck Protection Program for Photographers

[Update] Paycheck Protection Program for Photographers

The Paycheck Protection Program is a great program under the CARES Act to help small businesses. Here is the most recent update from our recommended CPA – Andrew Jordan. PPP Forgiveness JPCA 6-4-20 from Jordan CPA Services on Vimeo.

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Top 7 Tax and Accounting Tips for your Photography Business

Top 7 Tax and Accounting Tips for your Photography Business

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: Where is photography sales tax charged? What is the difference between...

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How do you pay yourself as the business owner? Learn 4 ways to get paid!

How do you pay yourself as the business owner? Learn 4 ways to get paid!

Let’s face it. We may love what we do and relish being business owners, but ultimately it’s about getting paid. Basically, “Show me the money!” right? Well, being a business owner can be a little different from back in the employee days when you didn’t have to think about all of the extra details that come with being a business owner. Practically speaking, this might mean cutting yourself a paycheck...

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The new tax law and your photography business

The new tax law and your photography business

It’s likely you’ve heard about the new tax legislation – the Tax Cuts and Jobs Act – and that it will impact you as a business owner. But do you know how the new tax law and your photography business will interact with each other? Firstly, you need to make sure you understand the type of entity of your photography business. If you don’t know whether you are a sole proprietor, have a...

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5 Reasons to NOT be a sole proprietorship

5 Reasons to NOT be a sole proprietorship

Many times people start out in the creative field part time or with great uncertainty as to whether they are going to “make it” in business.  For these reasons, many of you may be sitting on a dangerous risk pile of sole proprietorship (SP) formation. Yes, because I will undoubtedly get emails saying there is a time and place for SP businesses. You are correct, however, I don’t feel comfortable recommending...

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

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

Outsourcing some of the more technical components of your business to another professional such as a certified public accountant or attorney can be daunting for many reasons including cost, trust, and even loss of control. For most small business owners, however, it signifies the growth and success of your business up to this point and is the next, smartest step to ensure continued success. Before we move ahead, though, I want...

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Making the most of tax deductions for donated products and services

Making the most of tax deductions for donated products and services

As a Photographer, or as part of your Photography business, you may be asked to participate in any of the above by donating goods and services. It may even be part of your marketing or operating plan to give back to your community in some or all of these ways. How do you best contribute while also making sure that you and your business make the most of available Tax...

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