Episode Details

Let's talk about taxes, baby! In this episode, we are covering everything you need to know to prepare for taxes!

Here are some of the topics we cover:
-what to file as
-income/expenses
-bookkeeping and tracking
-paying quarterly vs yearly
-tax percentages
-paying yourself

I hope today's episode helps you tremendously!

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Tax Expense Categories:
Advertising + Marketing (anything that gives you visibility)

Auto/Car Expenses (ask your CPA on this one!)

Bank Service Charges + Fees 

Business Development (courses, mentorships, etc)

Charity/Giving 

Client Closet 

Client Gifts (thank you cards, gifts, etc)

Contractors (assistants, social media managers, etc)

Dues + Subscriptions (anything NON-SOFTWARE RELATED)

Gas (only if applicable)

Licensing + Fees (LLC, etc)

Meals + Entertainment

Office Supplies (business planner, pens, calendars, SD cards, etc)

Photography Equipment (lenses, camera, batteries, chargers, cords)

Prints/Products (what YOU paid for costs of goods)

Processing Fees (paypal, venmo, square, etc)

Props 

Professional Services (tax preparation)

Shipping/Freight/Delivery/Postage

Software + Subscriptions (adobe, flodesk, Gsuite, Pixieset, etc)

Travel + Mileage

Tolls + Parking (only related to session use!)

Utilities (internet, phone, etc)

Grab what you need! 👇

 
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