Do you use a second shooter? Do you have a virtual assistant? How about a private editor?
If you answered yes! Then keep reading!
Independent contractors are incredible when it comes to running a small business. It saves you the extra steps needed to have employees while still allowing you to outsource things in your business.
The only thing is, you need to make sure you are tracking their pay throughout the year to make sure you are filing it correctly for taxes. In this week’s YouTube video, I am sharing my screen to show you 3 steps to track contract labor, so you don’t have to spend extra time tracking it down at the end of the year.
Implementing this process will make it a breeze when it comes time to collect the necessary W-9s your accountant needs to create and send out the 1099s.
Click the link below and get organizing!
XOXO ~ Heather Marie
If you found this helpful, you may also find this freebie helpful. It is a guide to 45 goals for your first full year in business. If you can cross these off in 2024, you will jump your business significantly ahead compared to your competitors.
Grab the link HERE.
*Don’t forget: Thursday at 3:00pm EST is our next Live Q+A, 30 minutes to ask me anything. Bring your questions, and let’s get you past those hurdles! Here is the link to join the Zoom call.
More YouTube Videos for Photographers:
Tax Write-Off Series: Insurance and Retirement Contributions
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