Estimated Tax Payments

Estimated Tax Payments

What the heck are estimated tax payments? Did you know that you should be making those? It’s not a choice. It’s a requirement. There are hefty penalties and fines for those under-paid and non-paid estimated tax payments. Today, I’m going to walk you...
How to deduct clothing for photographers

How to deduct clothing for photographers

⭐️CLOTHING FOR YOU (THE PHOTOGRAPHER) I know that sometimes your photography business requires you to acquire specific clothing articles. Whether you’re a wedding photographer who needs formal attire on the wedding day or a boudoir or maternity photographer who...
New Advanced Child Tax Credit Payments

New Advanced Child Tax Credit Payments

New Advanced Child Tax Credit Payments You may have heard some buzz around this new child tax credit, or maybe you’ve already received a deposit from the IRS. In this blog post, we’ll go over everything you need to know about this new advanced credit. ...
TEMPORARY Meals Deduction Change

TEMPORARY Meals Deduction Change

Related Posts: ⭐️Business Meal Deduction 101 There have been so many tax changes since the beginning of the pandemic but this one may have slipped past you… You may be familiar with the regular IRS rule that only allows you to deduct 50% of business meals You...
1099-NEC (New in 2020)

1099-NEC (New in 2020)

As we coast into tax season, it’s essential to understand everything you have to track and file as a photographer. One of these many items is what you pay contractors. Read these related posts: Independent Contractor 101 Pay contractors this way to relieve...

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