Deanna and Desiree talk about hobbies and close encounter before getting into common industry myths. Start at 11:15 to get straight to the business. Topics: Shoot on my cards? Intangibles=no sales tax? 50% retainers? Is it actually a retainer? FM?
Key takeaway: Don’t hide the ball—transparency is key. It saves time and headaches.
Clarification: Regarding sales taxes, during film times, the photographer would provide the customer with the film negatives, so there was demonstratively no intent to make future sales--they couldn't. Based on past experience, now tax investigators have reviewed online photo galleries with the ability to make sales and view this is as intent to make future sales, making the entire transaction taxable in CA. (Even if you are not using the sale feature in your platform.)
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Founder's Fika is for educational purposes only. Nothing in this podcast should be construed as legal advice. Always consult an attorney licensed in your state if you need legal help. In some states, like California, this podcast may be considered attorney advertising.
