Maximize Your Tax Deductions as a PhotographeršŸ“·
(A FREE MASTERCLASS)
Keep More of What You Earn: Essential Tax Strategies for Photographers
(Without Needing A
 Tax Law Degree)
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HI, I'M HEATHER.

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Understanding Depreciation on Equipment

Oct 2, 2024

Does the thought of taxes make you cringe? šŸ˜¬ As photographers, weā€™d much rather be out shooting than worrying about our finances. But what if I told you thereā€™s a way to save big on your taxesā€”just by using the gear you already have?

In my latest YouTube video, Iā€™m breaking down depreciation, a powerful tax tool that lets you write off the cost of your equipment over time. Think cameras, lenses, and computersā€”these are all items that lose value over time, and the IRS lets you deduct that lost value each year. This means more tax savings for you!

Hereā€™s what youā€™ll learn in the video:

  1. What depreciation is and how it works for photographers.
  2. What equipment you can depreciateā€”cameras, lenses, lighting gear, etc.
  3. The two most common ways photographers can depreciate gear:
    • Straight-line depreciation (spread deductions over years)
    • Section 179 deduction (deduct it all upfront!).
  4. How to easily track depreciation using accounting software like QuickBooks.
  5. Why consulting a CPA can help maximize your savings.

Ready to keep more of your hard-earned cash? šŸŽ‰ Click here to watch the full video and get the scoop on how to use depreciation to your advantage.

Letā€™s make tax season a little less stressful, shall we?

XOXO – Heather


Few things make me more excited than getting the chance to help another photographer prepare for an easier tax season (and keep more of their hard-earned income)! So, donā€™t forget to sign up for my free class ā€” Maximizing Your Tax Deductions as a Photographer.  

Give me an hour of your time, and I can show you:

āž”ļøHow to reduce your tax liability and improve your cash flow with tax deductions.

āž”ļøThe 5 key deductions every photographer needs to know about (and should probably be using).

āž”ļøWhat qualifies for these deductions, and what doesnā€™t.

āž”ļøHow to calculate the deductions that arenā€™t simple and straightforward. 

Last year I saved $12,817 just by utilizing the 5 key deductions Iā€™m going to be sharing with you, so this is a class you wonā€™t want to miss! 


Letā€™s Prep for Tax Season – Together

Keep more of what you make inside of your business with these 5 key deductions for photographers. Iā€™m sharing all inside of my free class ā€” Maximizing Your Tax Deductions as a Photographer!

Make tracking your numbers easy with my Tax Prep Spreadsheet and ensure that tax season is a breeze.

Transform your passion into a thriving business and unlock success for your photography business with my free guide to setting goals for the first year of your photography business.

Mastering your business taxes starts with understanding the different tax categories. Grab my free tax category guide to take the first step towards stress-free taxes today.

Want taxes to suck less? Learn how to correctly prepare your taxes for your accountant with the Photographer Tax Course – and say hello to a confident and calm tax season!

Donā€™t know what you donā€™t know? Youā€™re just 90 minutes from a custom tax prep system with my 1:1 Tax Prep Mentoring sessions!

XOXO ~ Heather Marie

More Blog Posts for Photographers:

Using Quickbooks as a Photographer

The True Cost of Not Paying Taxes as a Photographer

Photographers

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Photographer, go-getter, and ice cream lover
Based in Lancaster, Pennsylvania

@heather.marie.leicy

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