PPP Loan taxed or Non-Deductible? Photography Studio Answers

Did your photography studio request a PPP Loan? Is it taxable income? Can you deduct expenses?

The short answer is… it’s not taxable income but the expenses you have and pay with it, won’t be deductible.

On the bright side, it’s free money and you were able to pay 100% of an expense.

https://www.cnbc.com/2020/05/18/small-businesses-wont-be-able-to-deduct-some-expenses-covered-by-ppp.html

Join our FB Group: https://www.facebook.com/groups/boudoirhighrollersclub/

Forgiveness Application: https://home.treasury.gov/system/files/136/3245-0407-SBA-Form-3508-PPP-Forgiveness-Application.pdf Our Website and Resources: https://thehighrollersclub.io/

PPP Loan Forgiveness Overview for Photographers

Covid-19 Government Help in The United States for Photographers

Humberto Garcia

Humberto Garcia is the world’s leading photography business growth expert.

Founder of Photography to Profits and high-performance coach to multiple 6-figure photography businesses. Humberto coaches photographers from his special operations military experience and photography sales and marketing experience. After years of high performance in Marine Special Operations and building businesses, he knows what works.

Resources

Tools

Latest from the Blog

How to Book More Photography Sessions With These 4 Simple Tips 2024

Generating Leads for a Newborn and Maternity Studio

What’s the Best Genre of Photography for Growing a Business? Carolina Winata Answers

CONTACT

We take on new marketing projects that we are passionate about and feel can be a good fit for the both of us. If you know the value of great sales and marketing strategy, please fill out the form below and you will get a reply within one business day. We will arrange a time that works for you to talk more in detail about growing your business through outstanding web design and marketing strategies.