No More Someday: How to Actually Launch Your Photography Business Right Now

No More Someday: How to Actually Launch Your Photography Business Right Now

I grew up watching my parents run a photography studio on fumes and optimism. They were talented. They were busy. They were barely breaking even, mostly because they kept waiting for the “right moment” to raise their prices, hire help, or change their workflow. The right moment never showed up on its own. That pattern stuck with me, and it’s exactly why I pay close attention whenever a working photographer talks honestly about the business side of this industry.

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

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 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.