Business Formation Services for Photographers (LLC, DBA, S-Corp) Need Help? We got you!

CRMs are an essential system for photography businesses.

So are SEPARATE bookkeeping apps, like QuickBooks Online.

That’s because a CRM is great for handling very simple, on-the-surface bookkeeping. However, a professional bookkeeping app will capture all of your business’s financial data and organize it in a tax-compliant manner keeping you fully prepared for tax time, budgeting, and any possible audits.

Whether you are doing your bookkeeping DIY or you are hiring it out, I always recommend photographers to use QuickBooks Online. It is the correct version of the software for your industry AND it provides all of the must-have tracking and reporting features to have you IRS compliant and tax time ready.

Save this post for reference and let me know below if you are using QBO!

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I work and chat with Photographers on the daily. Between my monthly clients and the members of my free Facebook Community, (Financially Focused Photographers - join with the link in bio), I see a lot of misconceptions.

But that’s ok. That’s Why I’m here to help photographers understand the financial aspect of their business.

One of the biggest mistakes I see Photographers make is using their CRM (Customer Relationship Management) as a business tool to help them with everything, including bookkeeping and accounting.

I’m sorry to be the one to break it to you (well, not too sorry!), but there’s no one magical business app to handle all your customer relationships as well as the bookkeeping side of your business. Every photographer who runs a business needs a professional bookkeeping app.

Are you currently using a CRM or system like QuickBooks Online for your bookkeeping? Let me know below!

If you found this post helpful, be sure to share and save to spread the word!

📸 @moonshinebuffalo

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Do you have questions about Estimated Taxes?

Here is your chance to clear the air on this sticky topic - join the LIVE experience with the link in bio!

If you're still on the fence about joining, send me a DM and I'll be happy to help answer any questions about joining to best of my ability.

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Are you ready to be confident with Estimated Taxes - no more stressing out about what you don’t know and no more being worried you're doing something wrong?

How would you like to know exactly when to pay your estimated taxes and how much to pay - so you can be on time and avoid any penalties and fees?

Would you like to owe less at tax time! - no more chance of owing an outrageous amount every tax season and having to come up with the cash fast?

Do you need to finally have peace of mind because you know you are compliant with the IRS - no more worries that they're going to come after you and flood your mailbox with penalty notices?

Estimated Tax Payments are due September 15th and I have an EASY, step by step solution to have you ready by the payment deadline.

Estimated Taxes 101 for Photographers!

Head to the link in the bio to join. If you have any questions, just send me a DM!

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I can have you ready to file your ESTIMATED TAX PAYMENTS [ON OR BEFORE] September 15th!

If you are just seeing this, here is a quick recap!

Estimated Tax Payments are due September 15th.

Quarterly Tax Payments are not optional - it is REQUIRED.

I have a one of a kind, step by step program that you can jump in so you can be tax ready and IRS compliant.

If you are on the fence about Estimated Tax Payments LIVE (the 4 day LIVE experience starting September 11th) drop your questions below! I am here to chat.

Don’t forget to share this post to share the news.

- Join the LIVE experience with the link in the bio -

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Quarterly Tax Payments are due September 15th!

Now is the time to join Estimated Taxes 101 for Photographers.

This is especially for you if:

>> You aren't sure what exactly an estimated payment is and possibly didn't even know they are REQUIRED by the IRS.

>> You know you need to get compliant with estimated payments, but you don’t even know where to begin.

>> You aren't sure how to figure out how much you need to pay, especially since your business income can be sporadic depending on the number of client shoots you get.

>> You’re ready to be quarterly tax compliant and confident so you can focus your energy on connecting with your clients and growing your photography business.

I’ll be covering everything you need to know about paying your estimated taxes so that by the time you leave the workshop, you’ll know EXACTLY what to do for your photography business.

Join with the link in the bio!

Estimated Taxes are due in just a couple days! THIS IS IMPORTANT so take a quick read through this. If you do not pay your Estimated Tax Payments there are hefty penalties and fines for those under-paid and non-paid.

Taxes are a pay-as-you-go type of deal. If you think back to a time where maybe you still have a part-time job or your spouse is working, when you had a paycheck and you looked at your pay stub, there would be all these taxes withheld, and then your employer would take that money and pay those taxes on your behalf as you earned the money.

When you’re self-employed, you still need to pay as you go, and that is where quarterly estimated tax payments come in. There are four payments due each year - 3rd Quarter is due September 15th.

I have a step by step program JUST FOR PHOTOGRAPHERS that will get you ready for your Estimated Taxes so you can be stress free and compliant.

Head to the link in the bio to join!

Be sure to share this post to spreads the word! It’s time to get your financial sh*t together so you can stress less and create more!

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IMPORTANT TAX DATE FOR PHOTOGRAPHERS

Are you ready for your Estimated Tax Payment? It is due on September 15th!

These payments ARE NOT optional.

Let me know below if you need easy, actionable steps and support to get compliant and be prepared for Estimated Taxes! Tell me below.

Be sure to save this post and share to spread the news.

#socialmediaphotography #photographersofinstagram #stlphotographer #photographerlife #duluthphotographer #risingtidesociety #dearphotographer #photographerslife #sierravistaweddingphotographer #creativeatheart #adventureelopementphotographer #northcarolinaweddingphotographer #momtogcommunity #nebraskaweddingphotographer #forphotographers #lifestylephotographer #familyphotographers #texasweddingphotographer #seeingthepretty #wnyphotographer #allthethings #mombosslife #mompreneur #bossbabetribe #bossbabe #clickCommunity #businessgrowth #creativeentrepreneurs #momswhowork #bossmom

THIS IS IMPORTANT

I know filing taxes isn’t fun BUT you need to make sure that you understand the foundations of filing so your photography business is compliant!

Today I am covering filing with an EIN.

While you file a DBA or an LLC on a state level, it’s important to know that in an EIN you’re filing at a federal level. You file this with the IRS on their website for free. You don’t have to have an EIN if you are a sole proprietor, single-member LLC, or DBA. You can actually just keep using your Social Security number. But who wants that floating around? If you are a multi-member LLC or partnership, you’re required to have an EIN because you’ll need that for your separate tax return at tax time.

If you’re wanting to make sure that your business structure is set up correctly - WHICH IS SUPER IMPORTANT - you can take the DIY route and join my free Business Structure Bootcamp for Photographers. You can also connect with me and my team and I can ensure that your business is set up correctly and is fully compliant!

Are you Team DIY or Team Breakup With Your Bookkeeping? Let me know below!

[Links for both are in the bio but you can DM me if you’d like an easy link]

📸 @moonshinebuffalo

TAX ID TERMINOLOGY FOR PHOTOGRAPHERS

Knowing the terminology for taxes and bookkeeping can be frustrating and confusing. You are a photographer! Your expertise is capturing and creating. I am an Account for Photographers - so this is my jam.

You’ll be hearing and seeing these phrases coming up A LOT as we get closer to Tax Time so I am letting you in on some inside details.

Before we get too far, let’s go over all the terms you’ve heard this called before. You have Tax ID, which is short for a Tax Identification Number. You have TIN, which is Tax Identification Number. You have maybe heard of FEIN too, which is Federal Employer Identification Number. And last but not least, what it’s really called, EIN, which is short for Employer Identification Number. And this is what I’ll refer to it as through the rest of this post. They are all the same thing, they just different names.

Your Social Security number is the number used to identify you and all the information about you. You can think of an EIN as the Social Security number for your business. It is a number that is registered with the IRS that is completely connected to your business name you registered and all the information through your business will be referred to through that EIN number.

If you aren’t sure if you have a Tax ID/EIN or if you are worried yours isn’t set up appropriately, head to my FREE Business Structure Masterclass for Photographers. There, you will find a step by step guide to getting setup and for free ← don’t get fooled thinking you HAVE to pay for one.

Tag a fellow photographer as a friendly reminder to double check their Business Structure and share if you found this helpful!

Do Photographers need to have TAX ID’s or EINs?

The question I get a lot is what is a Tax ID or EIN number? Do I need one? What is it used for? How do I get one…and for FREE?

The second that you receive money in exchange for a product or service, you have earned income. Earned income makes you responsible for taxes. So you want to start tracking the income and the expenses that go along with that income in order to understand your tax liability. When you trade cash for a private service, you become a sole proprietor. There is no registration needed. It is automatic.

The name of your Sole Proprietorship defaults to your name, and your Social Security number will be the number that you’d use on any tax forms like W-9, 1099, or a Schedule C when filing your taxes.

CUE THE TAX IDs.

If you’ve decided this is something you want to do more regularly where you want to grow into a business, now is the time to figure out what you want to call or name your business and get that name registered legally, and then register for a Tax ID.

PRO TIP: I recommend you get a Tax ID/EIN for your photography business to be legit AND so you don’t have to have your Social Security Number floating around [extra protection]

NOW - to save you some time, I have a FREE Business Structure Masterclass that will not only dive deep into Tax IDs and EINs AND you’ll be able to get yours for free. Join me with the link in the bio!

Be sure to save this if you found it helpful and share to spread the news.

📸 @moonshinebuffalo

Did you know that if your business is a sole proprietorship or single-member LLC, your business net income passes through to your personal tax return?

This means that you cannot make donations through your business. If you already have, that’s ok you would just categorize them as owner draws, and then you would need to account for those donations on your personal tax return as an itemized deduction on your Schedule A.

Do you feel your business is set up correctly? Head to the link in the bio to catch all the details on the blog!

Hey there Photographer!

I know the season change is just on our heels and I also know how incredibly busy you are going to be!

That is why you need to take a quick check on how your bookkeeping is going - because before you know it, we’ll have hit the holidays and then the STRESS and SWEAT will kick into overdrive with Tax Time.

I am Tiffany, an Account for Photographers, an IRS Enrolled Agent, and the mastermind and creator of Total Tax Transformation for Photographers. I UNDERSTAND your business - photography, so all you have to do is focus on creating and my team and I will handle all of that NOT SO FUN (for you) stuff - bookkeeping and taxes.

Here are a couple MUST HAVE resources for you - did I mention they are FREE?

- Join my FREE community of photographers - Financially Focused Photographers
- Grab all of my FREE trainings - QuickBooks Online for Photographers, Business Structure Masterclass for Photographers, Business Expense Breakdown for Photographers, State by State Sales Tax Guides, AND the Photographer Tax Time Checklist!
- Check out the blog and podcast where I cover in-depth topics that will make bookkeeping and taxes LESS STRESSFUL!

What area of bookkeeping and taxes stress you out the most? Let me know below!

AND DONT FORGET to grab your freebies with the link in the bio.

Timing is EVERYTHING! Have you ever heard this saying?

But how do you know when is the right time to hire an accountant like myself? When I look back at my most successful clients, I see a few key patterns that helped them reach their goals with me.

Here is where they were when they hired me: "We trusted our previous CPA to get us on the right track and after a YEAR of working with him and lots of money lost, NOTHING had been done. It was as if our previous CPA expected us to know what to do or what certain forms or terms were. Needless to say, we are creatives, not tax professionals so we were stressed and our business was a huge mess! The struggle with taxes and payroll became so overwhelming that it, at times, felt as though running a business may not be right for us."

If you're reading this and thinking, "yes, Yes, YES"...then you could definitely be ready to take the next step. Send me a DM and let's see if we're a match to work together!

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📞 LAST CALL to grab $200 off Total Tax Transformation LIVE!

Total Tax Transformation will teach you everything you need to transform your photography business into a legit, compliant, financially thriving machine so you can leverage your passion to financially fuel the life you want to live!

For more info and to grab your special rate, head to the link in the bio or comment TTT for a direct link!

📸 @moonshinebuffalo

💥NEWSFLASH💥

There is still time to get your bookkeeping in order.

👉If you are feeling overwhelmed
👉If you haven't even began to think about tax time
👉If all of this makes you sweat

I am here to help you, step by step, through getting your financial sh!t in order. That is why you need Total Tax Transformation! You’ll find lessons that are easy, actionable, and bite-sized, so you can take on your bookkeeping, one step at a time!

Join now and grab the exclusive $200 savings!

What is your biggest stressor when it comes to your bookkeeping? Let me know below!

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Is your Photography Business Structure clear as mud?

Business Structure can be confusing for many photographers but it doesn’t have to be hard. If you get your business set up correctly, you’ll not only save yourself a headache but you'll save yourself money come tax time!

If you’re interested in learning more about business structure and how all these things work, you should definitely check out my [Business Structure ](http://www.bastianaccounting.com/join "‌")Masterclass.

It’s important to note that given the information the LLC provides you limited liability and the DBA is nothing more than securing the name for marketing purposes, the DBA is usually much cheaper to form than the LLC. That can help you when it comes to the decision of which one you’d like to do now.

You could always form a DBA and then later on as your business grows, then you could form the LLC, but you’ll have to get a new tax ID when you do that. And that’s important to note, because then you’ll have to go and update anywhere that you have that tax ID and business name, including bank accounts, business credit cards, loans, et cetera.

Share if you found this helpful and head to the link in the bio to jump in the Business Structure Masterclass (IT’S FREE)! For a quick link directly sent to your DMs, just comment BUSINESS STRUCTURE below!

Disclosure: Some of the links above are affiliate links, meaning, at no extra cost to you I will earn commission if you click through and make a purchase.

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