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Can you make a living doing photography full-time? Is it even possible anymore?
Let’s talk about this, because on one hand I hear some bloggers I follow saying, “You can do it if you just follow your dreams” and on the other hand I hear from a lot of photographers who are considering throwing in the towel and giving up on the idea of doing this professionally.
So what’s the final verdict?
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When most people think of going through a tax audit, panic sets in. They fear a scary government agent coming to steal from them or find some costly mistake that will cause lots of stress and anxiety for them or their family.
Here’s the thing: a tax audit is not scary. And it’s not a shakedown.
If your books are clean, you have nothing to fear.
An audit is just a formal examination of the business records. You should be doing that normally anyway, so letting someone else look at them shouldn’t be a problem.
In fact, many large businesses have audits each year to make sure everything was accounted for properly and to be make sure there isn’t any internal theft.
In other words, tax audits are a good thing.
However, if your books are a mess, an audit could be a very unpleasant experience and cause immense stress on you and your family.
So here are 3 Tax Audit tips that you should know before ever being audited. They won’t prevent you from being audited, but they will make your tax audit go as smoothly as possible. [Click to read more]
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Answers ranged from 8 oz. to 20 oz.
She replied, “The absolute weight doesn’t matter. It depends on how long I hold it. If I hold it for a minute, it’s not a problem. If I hold it for an hour, I’ll have an ache in my arm. If I hold it for a day, my arm will feel numb and paralyzed. In each case, the weight of the glass doesn’t change, but the longer I hold it, the heavier it becomes.”
She continued, “The stresses in life are like that glass of water. Think about them for a while and nothing happens. Think about them a bit longer and they begin to hurt. And if you think about them all day long, you will feel paralyzed – incapable of doing anything.”
I tend to put off things I don’t like to do. It’s true.
The longer I put them off, the less I want to do them.
But as time goes by, the stress builds up and starts to impact me, my other work, and my personal life (as I steal time away from my wife to work more).
How about you? What is your “glass of water”?
Do you procrastinate doing your business finances and get totally overwhelmed by the time tax season comes around? You’re not alone.
When you put off doing updating your books, you have no idea where they stand during the year and will have to spend a few hectic days preparing anytime you owe the government money. It’s just as important as doing any of these other tasks that help you grow your business.
I want to show you how to overcome this ugly cycle and be free from the stress it brings. Not only that, but you’ll be able to make better business decisions when you know exactly how your business is doing. Here are 3 easy tips for stress-free photography accounting! [Click to read more]
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I love spreadsheets, paying bills, tracking expenses and making sure my forms are all properly filed with the IRS.
If you’re like the 95% of the rest of the world, that stuff drives you up the wall or it scares you so bad that you try to avoid it at all costs. And you think people like me are crazy!
I may be crazy BUT I am going to show you how easy it is to get organized and take care of the financial side of the business.
In fact, over the next three weeks we’re going to cover the basics of getting your business money organized so that you never have to stress out about it at all.
No more last-minute scrambling to update your books, no more stress, and no more worrying about getting everything organized at tax time or forgetting something important. It will change the way you run your business. So let’s jump right in and get all your ducks in a row.
This week’s post is a guest post written by Allan Branch.
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