Quarterly Taxes for Photographers Explained
Many photographers are surprised to learn that taxes aren’t only due once a year. If you run your photography business as a freelancer or independent business owner, the IRS generally expects taxes to be paid throughout the year in quarterly estimated payments. If you're new to photography business taxes, you may also want to read our guide on how photographers file taxes.
Quarterly taxes help cover the income tax and self-employment tax that would normally be withheld from a paycheck. Since photographers typically receive payments directly from clients, they are responsible for setting aside and paying those taxes themselves.
Here’s how quarterly taxes work for photography businesses.
Read moreAs a photographer, running your business isn’t just about capturing stunning images—it’s also about keeping your finances in order. One of the smartest ways to save money is by understanding which expenses are tax-deductible. The IRS (and similar tax authorities worldwide) allows you to deduct costs that are ordinary and necessary for your business.
Here’s a comprehensive guide to help photographers maximize their deductions:
Read moreIt’s November: Busy Season. But also the time when that nagging feeling hits to remind you that tax time is coming again. Instead of letting “inaction breed doubt and fear,” here are some actions you can take today.
Catch up on your bookkeeping.
Yes, we know this is what you’ve been procrastinating, but now is a good time to start catching up on your bookkeeping. If you are using Quickbooks, make sure all of your checking, savings and credit card accounts are connected. Update any broken connections with your accounts. Then get to work categorizing and reconciling. If you’d prefer a spreadsheet, check out our Easy Expense Tracker for Google Sheets.
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