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 yourselfI hope today's episode helps you tremendously!Loving this podcast? Come join us in the NEW Photographer Community on Facebook.From Broke to Booked BlueprintBMC Marketing AcademyTax 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 + EntertainmentOffice 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/PostageSoftware + Subscriptions (adobe, flodesk, Gsuite, Pixieset, etc)Travel + MileageTolls + Parking (only related to session use!)Utilities (internet, phone, etc)Free Pricing for Profit Formula — Make sure every package you sell is actually making you money 👉 https://brookejefferson.myflodesk.com/qs5nbikfbwMarket Like a Tog — Monthly marketing content and coaching so you always know what to post and say to book more clients 👉 https://brookejefferson.com/membershipFully Booked Method —  Go from inconsistent photography bookings and marketing overwhelm to a streamlined business with a calendar full of dream clients  👉 brookejefferson.com/fullybooked