 The only thing that hurts more than paying an income tax is not having to pay an income tax. Thomas Dewar by Skip Cohen I run this post almost every year about this time, and it's ALWAYS relevant. So many of you are part-time photographers or relatively new business owners. There are things you've invested in for your career that are forgotten in the last-minute dash to get your taxes done! Too many of you don't pay enough attention to the financial side of your business. It's NOT rocket science! When looking at the cost of doing business, you need to remember all the things you spent money on that might be deductible. I'm not an accountant and don't profess to completely understand tax law, but here are some things to consider. Remember other vendors whose services you use. From your lab to framing and album companies to security systems - if you spent the money on your business it's more than likely deductible. Here's a small list below that hits on things too often forgotten. As you review it, I'm sure you'll find other things I might have missed.  People don't know how much they have to be thankful for, until they have to pay taxes on it. Ann Landers I know you're excited over how much you think you make on sales because your lab costs are so low - but what about everything it took to build and maintain your skill set and establish your business? A fine is a tax for doing something wrong. A tax is a fine for doing something right.
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