Photography and videography are highly creative fields – but, when it comes to your business books, you can’t afford to get creative. If you’re overwhelmed by messy accounts, you need help with BAS and GST, or you’d rather be capturing magical moments than worrying about your tax obligations, Platinum Accounting in Melton can help. We offer award-winning accounting, taxation and bookkeeping services for photographers, videographers and visual media artists.
When it comes to your business finances, we cover every angle. Our experienced accountants for photographers can help you to:
- Minimise tax
- Manage cash flow
- Meet compliance obligations
- Maximise profit
- Grow your photography or videography business
Is your business over-exposed?
As a small business owner, the last thing you want is to expose yourself to fines and penalties from the ATO. However, if you’re still grappling with manual bookkeeping methods – or you’re unclear about your obligations – your business may be vulnerable. Aside from partnering with a trusted accountant for photographers and videographers, investing in a cloud accounting system is the best move you can make for your business.
Cloud accounting software enables you to securely access your financial data from any location, at any time. No PC? No problem. You can log in quickly and easily from your laptop, tablet or phone. So, whether you’re filming a commercial on set or taking headshots in your home studio, you can record transactions, issue receipts and view your accounts with a few simple clicks. It couldn’t be easier or more convenient. Plus, if you love technology as much as we do, you’ll pick it up quicker than you can say ‘cheese!’
As experts in cloud accounting for photographers and videographers, we help you select the most suitable system for your needs and budget. Once we get you set up, we provide real-time support and advice for all your business accounting and bookkeeping needs. We even offer fixed-fee packages, so there’s no surprises when it comes to price. Here’s are some of our key accounting services for photographers and videographers:
- Business accounting
- Tax returns
- BAS and GST
- PAYG, FBT and superannuation
- Cash flow forecasting
- Tax compliance and planning
- Business structure and setup
- Business startup advice
- Business coaching
Tax deductions for photographers and videographers
As a professional photographer or videographer, you may be entitled to claim a range of industry-specific tax deductions. Have you completed any training courses this financial year? Do you regularly buy tools and materials like lenses, memory cards or USB sticks? Perhaps you’ve recently purchased a new camera or laptop, or you use your car to travel to shoots? All these expenses (and many more) may be tax deductible. If you work regularly from home, you may even be entitled to claim a percentage of your running costs, such as power, telephone, and internet expenses.
Don’t miss out on valuable deductions that could reduce your tax liability. As experienced accountants for photographers and videographers, we see your business through a different lens. We capture every deduction to ensure you never pay more tax than you should. Plus, the cost of our services is 100% tax-deductible.
Zoom in on new possibilities
When you work with Platinum Accounting & Taxation, you can expect reliable advice, outstanding service, and affordable prices. But what really sets Platinum apart is that we are more than just accountants. In addition to our core services, like business accounting and bookkeeping, we offer a range of strategic financial services to help take your business to the next level. These include business coaching, marketing advice, and tax planning for photographers and videographers.
From streamlining your businesses processes, identifying improvement opportunities and even new income streams, we shine a spotlight on your small business to help you become more efficient and more profitable.
Get started today
Contact us to find out more about our accounting services for photographers and videographers. We’re based in Melton, but we work with businesses across Melbourne and beyond, including Bacchus Marsh, Brookfield, Eynesbury, Deer Park, Gisborne and Caroline Springs.