Photospark

This week, as we prep for Season Two of PhotoSpark, we decided to share another favorite episode with you guys. We know one of the biggest mistakes business owners make regarding taxes is waiting until the last minute to get everything together. At least, I know that's MY issue! So we are hoping that releasing this Throwback Episode again NOW in the middle of summer, you'll find inspiration to organize everything you have for 2017 so far... thus making your life easier come April of next year!   Key Takeaways: DO #1: Have a business checking account. One of our most important tax tips for photographers is to have separate accounts for your business and personal transactions. Melissa admits that she commingled the two for awhile (I’m not going to lie; I totally did too!) and it made things a bit of a mess when she got audited. She ended up having to claim income for deposits that weren’t actually business related, which cost her money in the end, because she couldn’t prove they were personal deposits (things