FILED IN: EDUCATION
Tax season can feel overwhelming, but with a little preparation, it doesn’t have to be stressful. As a wedding photographer, you likely have a mix of income sources, tons of business expenses, and maybe even some travel deductions to factor in. When it comes time to actually file your taxes, here are five key tips to help you get through tax season smoothly and avoid costly mistakes.
Before you even start filing, make sure you have all the necessary documents in one place. This will save time and prevent last-minute scrambling.
📂 What to gather for tax season:
💡 Pro Tip: If you use accounting software like QuickBooks or HoneyBook, download an annual profit & loss (P&L) report to get a quick snapshot of your total income and expenses.
One of the biggest mistakes wedding photographers make is not claiming all their eligible deductions. These are expenses that reduce your taxable income, meaning you pay less in taxes.
💡 Pro Tip: Keep digital or physical receipts for every business purchase. If you get audited, you’ll need proof!
If you’ve been paying quarterly estimated taxes throughout the year (as required for most self-employed photographers), make sure you report those payments when filing. Otherwise, you might accidentally pay twice!
📌 Where to find your estimated payments:
• If you paid directly through the IRS, check your records on IRS Direct Pay.
• If you used a tax professional, they should have documentation.
💡 Pro Tip: Keep a simple spreadsheet tracking the dates and amounts of all quarterly payments so they’re easy to reference during tax season.
Your business structure determines how you file your taxes. Most wedding photographers are:
💡 Pro Tip: If your income is $60K+ per year, talk to a tax professional about switching to an S-Corp to save money on self-employment taxes.
Even if you’re used to doing your own taxes, hiring a CPA or tax professional can save you money by finding deductions you might have missed. They’ll also ensure you’re filing correctly—especially if you travel for work, have multiple income streams, or recently changed your business structure.
👩💼 A tax professional can help with:
💡 Pro Tip: Tax prep fees are tax-deductible, so hiring a professional is often worth the cost!
Tax season doesn’t have to be overwhelming if you prepare in advance. By gathering your documents, maximizing deductions, tracking your quarterly tax payments, knowing your business structure, and working with a tax professional, you’ll be ahead of the game and avoid unnecessary stress.
Want to make tax season even easier? Check out our Quarterly Tax Checklist to help make sure you’re not forgetting a thing!
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