THE TOP THREE DEDUCTIONS FOR PHOTOGRAPHERS Whether you specialize in wedding photography, family photo shoots, or senior portraits, there are a few deductions specific to photographers that you don’t want to miss out on! 1. PROPS Don’t forget to deduct any props you buy specifically for your photo shoots! The biggest thing to remember is […]
The Top Three Deductions for Online Service Providers As an online service provider, understanding which business expenses are deductible can feel overwhelming—especially since your business operates differently from a traditional brick-and-mortar setup. While you may not have office space to deduct, there are several deductions specific to online businesses that you don’t want to overlook! […]
THE CHILDCARE TAX CREDIT I always get asked if babysitters or daycare tuition are deductible business expenses. Unfortunately, the answer is no. The IRS does not allow these expenses to be written off as business expenses on your taxes. However, you may be eligible for a tax credit that can significantly reduce your tax payment […]
By now, you have seen all the viral Reels and TikToks focused on putting your kids on your business’s payroll. Some even go so far as to offer advice on investing their wages to make them millionaires by the time they are thirty years old. As with anything you see online, it’s important to do […]
