Confused about business taxes for photographers? There's actually no such thing as "business taxes" separate from your personal return. Instead, your business structure—sole proprietorship, LLC, S-Corporation, or C-Corporation—determines how income flows to your personal tax return and what taxes apply. Understanding these differences can save photographers thousands in self-employment taxes and provide proper liability protection. This comprehensive guide breaks down each business structure, explains when to consider changing your structure, and highlights critical filing deadlines for partnerships and S-Corps. Whether you're a new photographer or growing your existing business, learn how to optimize your tax situation while protecting your assets.

Photographers who own studio spaces need to know about the critical liability protection that comes with placing their studio in a separate LLC. This strategic business move creates essential legal separation between your photography services and valuable real estate assets, potentially saving you thousands in taxes while shielding your photography business from property-related claims. Learn why smart studio owners establish distinct business entities with separate insurance policies and bookkeeping systems to protect their investments from risk cross-contamination

Confused about whether your photography business needs a bookkeeper, an accountant, or both? This comprehensive guide explains the crucial differences between these financial professionals and their unique roles in your business success. Learn how bookkeepers manage your day-to-day financial organization while accountants provide strategic insights and tax planning. Discover why most successful photography businesses benefit from both services and how Bastian Accounting's integrated approach offers photographers the complete financial support they need. Whether you're just starting out or looking to scale your photography business, understanding these key financial roles is essential for sustainable growth and profitability.

Are you a pet or equestrian photographer wondering if your animal expenses are tax-deductible? Discover what the IRS allows when your pets serve as models or when your horse helps you market your photography business. Learn which animal costs qualify as legitimate business expenses, how to properly document them, and what expenses are typically considered personal. This comprehensive guide breaks down the "ordinary and necessary" business expense rule and provides practical examples specifically for photographers who incorporate their own animals into their professional work. Maximize your tax benefits while staying compliant with IRS regulations in your photography business.

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Ready to grow your photography business but not sure where to start? This comprehensive guide walks you through when to expand, which roles to fill first, and how to navigate employee vs. contractor classifications. Discover practical strategies for recruiting, creating clear agreements, and building a team that reflects your brand's vision while avoiding costly legal mistakes. Whether you're hiring your first second shooter or building a full studio staff, learn how successful photographers scale their businesses without sacrificing quality or creative control. Transform from solo photographer to effective team leader with our step-by-step approach to sustainable growth.

Stay current with the latest changes to FinCEN's Beneficial Ownership Information (BOI) reporting requirements. Our regularly updated timeline tracks key developments including the December 26 hold on requirements, the December 23 reinstatement, and the December 3 nationwide injunction. Learn about adjusted deadlines, compliance considerations, and potential penalties for businesses. Whether you're managing a pre-2024 entity or a newly formed company, this comprehensive guide helps you navigate the evolving BOI landscape and maintain compliance with the Corporate Transparency Act.

Bench Accounting, North America's largest bookkeeping service for small businesses, abruptly shut down on December 27, 2024, affecting 12,000+ customers. Learn about immediate steps for affected businesses, data access deadlines, and alternative solutions. Essential guidance for small business owners impacted by this sudden closure, including critical timelines, tax implications, and transition strategies.

Every year at tax time I find many small businesses overlook these top 2 missed tax deductions...

Every year at tax time I find many small businesses overlook these top 2 missed tax deductions...

The Corporate Transparency Act (CTA) was passed to combat financial crime. The Financial Crimes Enforcement Network (FinCEN) issued a final rule for Beneficial Owner Information (BOI) reporting requirements on September 29, 2022. The BOI reporting requirements will become effective on January 1, 2024, and apply to reporting companies, including LLCs, and other similar entities. Reporting companies need to report information about their beneficial owners, including their legal name, address, and identifying information. Reports are filed electronically through a secure filing system on FinCEN's website. Failure to comply with the reporting requirements may result in penalties.

November 21, 2023, CHANGES! Discover the latest IRS updates affecting photographers! Learn about the delay in the 2023 Form 1099-K reporting threshold and the phased implementation plan for a $5,000 threshold in 2024. Stay informed with Bastian Accounting for expert insights and guidance on navigating these changes. Compliant AF for your financial peace of mind!

Photographers using a third-party payment processor to facilitate transactions may receive a 1099-K. It’s important to understand how the 1099-K impacts payments in your photography business..

What is the different between a domestic & foreign LLC?