SFPP 16: Accounting for Photographers With Trevor McKendrick

Podcast

SFPP 16: Accounting for Photographers With Trevor McKendrick

April 6, 2016

In my first year of business, I decided to handle my own taxes. I didn’t make that much money from photography that year and I told myself that I couldn’t “afford” an accountant. This was one of the biggest mistakes I ever made and trust me when I say I paid for it later. Tax season […]

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In my first year of business, I decided to handle my own taxes.

I didn’t make that much money from photography that year and I told myself that I couldn’t “afford” an accountant.

This was one of the biggest mistakes I ever made and trust me when I say I paid for it later.

Tax season is one of the most stressful times of the year, which is why I’m excited to have Trevor Mckendrick on the show today.

Trevor has a masters in accounting and is a successful entrepreneur having just sold his tech startup for over $500,000 after scaling it to a 1,000,000+ users.

In today’s episode, we cover everything a photographer needs to know about accounting and taxes.


What You’ll Learn

  • When the right time to incorporate your photography business is
  • Where to find an accountant you can trust
  • The 3 questions you should ask an accountant before you hire them
  • The little-known trick Trevor recommends to save on self-employment tax
  • How to outsource your accounting inexpensively
  • The best practice you should be using to make your accountant’s life easier (and your bill cheaper)

 

Resources Mentioned
Legal Zoom
Jared Bauman of ShootDotEdit Interview
Thumbstack
Breanna McKendrick Photography
Trevor McKendricks’s Website
15 Frequent Tax Mistakes Made By Freelancers
Accounting Course For Entrepreneurs And Freelancers

Sponsors
Fundy Software
Photo Booth Supply Co.

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