Follow us on Twitter!
Follow us on Facebook!
 

Go Back   Pixtus - Photography Forum, Photographers, Photo Tips > Business Discussion > Business Talk


help

This is a discussion on help within the Business Talk forums, part of the Business Discussion category; ok so I applied for a TAX ID since I am getting money for shooting I thought it was the ...

Reply
 
LinkBack Thread Tools Display Modes
  (#1) Old
Uber Poster
 
MRCPix's Avatar
 
Posts: 3,803
Join Date: Mar 2005
Location: Texas, Texas
Real First Name: Mike
Camera: Nikon
Can Others Edit My Photos: Yes
iTrader Rating: 16

Likes Received LIKES Received: 0
Likes Given LIKES Given: 0
help - 04-27-2008, 11:20 PM


ok so I applied for a TAX ID since I am getting money for shooting I thought it was the right thing to do.
NOW WHAT do I have to concider and take care of?
Reply With Quote
Sponsored Links

Premium Members do not see Google advertisements. SIGN UP today and help support our community.
  (#2) Old
Senior Member
 
utdbear's Avatar
 
Posts: 332
Join Date: Jan 2008
Location: Frisco, TX, Texas
Real First Name: Barry
Camera: Canon 40D
Can Others Edit My Photos: Yes
iTrader Rating: 7

Likes Received LIKES Received: 1
Likes Given LIKES Given: 0
04-28-2008, 06:16 AM


I assume you have a DBA name now. If you don't, get one immediately, you can get it filed for ~10 bucks at the county clerk. A seperate checking account would be a good idea to keep track of your photography income and expenses, and I would consider that next. Bank of America will do it without a DBA if your last name is in the name of the business.
Reply With Quote
  (#3) Old
Uber Poster
 
MRCPix's Avatar
 
Posts: 3,803
Join Date: Mar 2005
Location: Texas, Texas
Real First Name: Mike
Camera: Nikon
Can Others Edit My Photos: Yes
iTrader Rating: 16

Likes Received LIKES Received: 0
Likes Given LIKES Given: 0
04-28-2008, 08:52 AM


I will set up a seperate account and I was thinking about using bank of america since I have used them for years for my personall checking.
Reply With Quote
  (#4) Old
You Can't Be Serious!!
 
toverman's Avatar
 
Posts: 9,770
Join Date: Dec 2007
Location: Fort Worth, Texas
Real First Name: Todd
Camera: Canon
Can Others Edit My Photos: Yes
iTrader Rating: 8

Likes Received LIKES Received: 4
Likes Given LIKES Given: 0
04-28-2008, 03:28 PM


Well, once you've got your number you need to start charging sales tax on appropriate items, keeping really good records (an accountant would be helpful) and then paying the state on a regular (depending on amount you earn) basis.

---------------------------
www.toddovermanphoto.com
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Visit Our Sponsors
 

Google Sponsors

Premium Members do not see Google advertisements. SIGN UP today and help support our community.

Copyright ©2004 - 2011, Abel Longoria - www.Pixtus.com
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2012, vBulletin Solutions, Inc.