What Your Photography Business Owes the IRS (And How to Stop Being Surprised Every April)

Every January, I pull up my studio’s numbers and run the same calculation my accountant husband walked me through years ago: take my net profit, multiply it by 0.9235, then multiply that by 0.153. That’s my self-employment tax liability before I even touch federal income tax. If I hadn’t started doing this math quarterly, I would have written a check to the IRS every April that physically hurt. A lot of photographers I know are still writing that check.

What Your Photography Business Owes the IRS (And How to Stop Being Surprised Every April)

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I grew up watching my parents run a photography studio. They were talented. Clients loved them. And they were perpetually broke. Not because of slow seasons or bad luck, but because they raised their prices exactly twice in fifteen years. The work got better. The rates stayed almost flat. When I opened my own portrait studio in Miami, I swore I’d do things differently. It took me longer than I’d like to admit to actually follow through on that promise.

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What Your Photography Business Owes the IRS (And How to Keep More of What You Earn)

What Your Photography Business Owes the IRS (And How to Keep More of What You Earn)

Every January, I pull up my accounting software and run the same report. Revenue, expenses, net profit, tax liability. I’ve been doing this for years, and I still find photographers in my workshops who have never once looked at that last number before April. They’re shocked when they owe $4,000 or $6,000 to the IRS with two weeks’ notice and nothing set aside to cover it. That’s not a tax problem.

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