Filing 1099s As A Photography Business Owner This January
Hey there, fellow photographers! We hope you got some much needed down time over the holiday season! Now that we’re back to reality, we need to address one time-sensitive task as photographers in preparation for tax season. Since they must be filed by January 31st, our latest episode tackles the ever-intimidating 1099 tax form. Trust us, it's an episode you do not want to miss.
In this episode, Erin teams up with Whitney to demystify the 1099. Erin describes it in a way that makes perfect sense—it’s basically a big tattletale. If you've worked with a business and earned more than $600 from them within a year, they report it to the IRS. Simple as that! It makes sure all your income is accounted for, so you don't end up in hot water with Uncle Sam.
Whitney chimes in, reminding us that if you hire freelancers—like second shooters, editors, or assistants—you've got to issue a 1099, too. It’s all a part of keeping things above board with the IRS and ensuring that your business continues running smoothly.
Erin’s pro tip? Don't wait until the last minute to get those W-9 forms filled out. Trust us—chasing people down for tax info in January is about as fun as editing 5,000 wedding photos in one night.
We believe staying compliant with tax regulations is more than just avoiding penalties—it's about running a legit professional business. And let’s face it, crossing all your t’s and dotting all your i’s can only make your brand shine brighter and attract more clients.
So, if you've ever felt a shiver run down your spine at the thought of dealing with 1099s, let us help you banish those fears. Head over to our YouTube channel and watch the latest episode of The Edit. Trust us—you’ll be glad you did!
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Have a great week!!
The Edit Ladies 😊