What Your Photography Business Owes the IRS (And How to Stop Being Surprised by It)
Every January, I pull up my studio’s P&L from the previous year and go line by line. It’s a habit my accountant husband started for me years ago, and it changed how I run everything. The first time we did it together, he pointed at my boudoir sessions and said, “You know this is your highest-margin work, right?” I had no idea. I had been pouring energy into family portraits because they felt more prestigious, while quietly leaving money on the table.