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I just incorporated an LLC and set up a wave account to simplify accounting. I barely remember accounting 101 from undergrad, so I need help setting up the foundation. Is there a guide for someone like me who works as a photographer, as far as taxation and invoicing and such? For example, I might invoice $1k on a job, but a chunk of that is going to be for assistants, rentals, expenses like that. Do I report whatever the profit is as income, or do I tally up all the revenue minus all the expenses at the end of the year? Or if I license a photograph for advertising or commercial use, do I charge sales tax? What if I assist another photographer for a day rate, does that count for sales tax?
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Jul 19, 2014 23:59
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| # ¿ May 12, 2024 10:31 |
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