11 From Hobby to Business: Navigating Taxes, Expenses, and Income as a Photographer

18/03/2025 35 min Temporada 1 Episodio 11
11 From Hobby to Business: Navigating Taxes, Expenses, and Income as a Photographer

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Episode Synopsis

Find me on Instagram @bposhphotoGrab my income and expenses tracker hereShop amazon photo outfits, shop gear/ suppliesShop Photography apparel, desk aesthetic, and client giftsVisit Skin Pharm Park Rd. and mention my name Brittany Porter for $50 off your botox, dysport, or micro-needling treatmentWave accounting The fundamentals of photography finance are essential knowledge for anyone turning their creative passion into a sustainable business. We explore the journey from hobby photographer to legitimate business owner with practical advice on setting up your business structure.• Setting up your business legally through services like LegalZoom• Creating a dedicated business bank account to separate personal and business finances• Tracking income, expenses and mileage using accounting software like Wave Accounting• Understanding real costs to set sustainable pricing• Planning for seasonal income fluctuations with buffer funds• Diversifying income through mini sessions, digital products, and stock photography• Managing quarterly tax payments with a recommended 25-30% set aside from each payment• Obtaining business insurance for liability protection• Analyzing expenses to find cost-cutting opportunitiesJoin us next time as we continue exploring ways to build your photography business and make better photos.$30 Off First Month Nuuly Clothing SubscriptionBP&Co, BP&Co on EtsyCome follow me on IG @brittanyporterphotography (previously @BPoshPhoto) www.brittanyporterphotography.com Try AFTERSHOOT AI editing with 10% off Shop Photography Goodies + gifts Follow My LTK

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