Retainers are a common piece to a photography contract. Whether it is a family session, senior session, or wedding, most contracts require a client to pay a retainer to officially lock in their date with you and block off your calendar from any other inquiries. But what happens if the retainer is paid during a different calendar year than when the session occurs? How do you manage that income when it comes to tax time? In this week’s episode, I am answering all of these questions about paying tax on retainers. Check it out below!

If you found this helpful but have a specific question for your business on this topic or others, I would love for you to join me weekly on The Scoop Live. It’s a 30-minute virtual call on Thursdays at 3pm EST where you can receive custom answers to your questions based on where your business is at this moment. Grab the link here, and I’ll see you soon!

XOXO ~ Heather Marie

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