Page 16 - Starting a Photo Business_Facile

make sure you have public liability insurance. This is a must, no matter what

field you choose for your photography business, you must have cover, and
they will need to know the type of Accounting...

photography you are involved in so they can
When you first start out, if you are in the UK, l would register for VAT for
work a package out just for you.
your first year, especially if you have a lot of kit to buy. You will have to add

If you’re a sports or adventure photographer, VAT on your sales too. But as your costs for equipment are high, you can get

the cost will be higher, because your more this tax back. At the end of the year you can deregister. The current threshold
susceptible to equipment damage (which you’ll is 85,000 pounds a year as of October 2018, so if you’re making less than this

need additional insurance for). Don’t forget it will be easy to deregister. It may seem like a pain at first for having
you’ll also need a model release form for registered in the first place, but if you are buying kit in the UK, it’s best to do

parents to sign, when displaying pictures of it. Your added VAT on sales tax will be deducted from the spend on VAT on
children for any advertising you do. equipment, and your equipment costs will probably exceed your sales anyway.
Depends on what your earning in that year but get yourself an accountant
Depending on what type of photography you choose, be honest about what and discuss it with them. You don’t need someone that’s expensive either to

you plan to do. If there are any changes mid-way throughout your policy begin with, a book keeper knows how all this works and they can offer you
cover, you’ll need to declare it before the shoot. advice. If you already have most of your kit then don’t register for VAT, it’s

Insurers can be a real pain in the ass, and when the not worth it. If you register then deregister, make sure you stop charging
time comes to paying up, it can easily get a retort... clients VAT. You can go to jail if you charge when not registered.

“Oh you’re not covered for that”.
This is enough for the basics, of all you will need, and l am sure you realize
the importance of a decent car so you don’t break down on your way to a

shoot. If you are interested in knowing more, on how to bring in clients for
your chosen niche, l will be putting together a package for each sector, so be

sure to register your interest when it becomes available. There may be a small
charge for it though. All the best, Angela & John