Wedding Videos + Taxes = Headache!

Duane Smith · January 17th, 2006, 03:36 PM

Quote:

Originally Posted by Richard Alvarez

I'll weigh in in favor of hiring an accountant. Personal experience has shown they have saved me more money than they cost, and they have caught things missed by computer programs.

...

Accountants will ask questions that programs won't. At least the good ones will.

I agree 100%.

We use QuickBooks, and we calculate quite a bit of stuff at 'end of year' for our accountant...but he still always manages to come up with several things (often 'new' tax laws) to save us money. The cost of the accounting service is totally negligable in comparison to the OVERALL COST SAVINGS he provides.

Bill Rankin · July 15th, 2006, 07:45 PM

In Texas, does a videographer need to collect tax for DVD's sold? The DVD's are of a school play and weddings.

Thanks

Greg Boston · July 15th, 2006, 10:07 PM

Quote:

Originally Posted by Bill Rankin

In Texas, does a videographer need to collect tax for DVD's sold? The DVD's are of a school play and weddings.

Thanks

Yes, and if you charge for shipping, it gets taxed as well. Here are some good links for you.

http://www.cpa.state.tx.us/taxinfo/taxpubs/taxpubs.html

and

http://www.cpa.state.tx.us/taxinfo/t.../01-forms.html

The info and the forms will get you going. Pay attention to the info link for film and video production.

http://www.cpa.state.tx.us/taxinfo/t.../tx94_104.html

-gb-

Steven Davis · July 20th, 2006, 06:53 AM

Since I'm currently, I use the word currently with hope, dual employed, I can't see myself sitting down and doing my taxes. We do however use quickbooks to keep the books, but tax time, I pay someone. I'd go nuts.

That'd be my 4 cents.

July 15th, 2006, 07:45 PM	#17
Bill Rankin Major Player Join Date: Jul 2005 Location: Houston, TX Posts: 430	TAX DVD's sold??? In Texas, does a videographer need to collect tax for DVD's sold? The DVD's are of a school play and weddings. Thanks __________________ Bill Rankin

July 20th, 2006, 06:53 AM	#19
Steven Davis Inner Circle Join Date: Jun 2004 Location: Richmond, VA Posts: 3,065	Since I'm currently, I use the word currently with hope, dual employed, I can't see myself sitting down and doing my taxes. We do however use quickbooks to keep the books, but tax time, I pay someone. I'd go nuts. That'd be my 4 cents. __________________ What happens if I push the 'Red' button?