Death, taxes, and Charlie Sheen. The three words that strike fear in anyone's heart (it's four words, actually). But not to worry. Our friend, and amazing photographer, Chase Jarvis has written an excellent article on tax situations for photographers and filmmakers.
The 7 Common Tax Mistakes Made By Photographers from PhotoShelter.com on Vimeo.
It's always prudent to check with your tax person first, but hopefully these scenarios and realistic deductions can help move you into a more professional (and profitable) place for your new HDSLR business.