new stock photo website "shutterstock"

Nikon AF Nikkor 50mm f/1.8

11/01/2004 12:10:18 PM · #176

I just got 9 downloads....

pcody

Canon PowerShot G6

11/01/2004 01:55:59 PM · #177

hoo haa. Six d/l so far today at ss. Two of the same b/w picture! Glad I decided to offer color & b/w.
OK. I will add a lot of my istock to the other sites. I'm doing the folders thing, but I use the full size jpeg and don't like to think about the wasted space with duplicates everywhere. All the tiffs are in one stock source folder and all the raws in another stock source folder. Guess that's the best?

marbo

Nikon D5000

Nikon AF-S DX NIKKOR 18-200mm f/3.5-5.6G ED VR II

11/01/2004 02:13:56 PM · #178

Signed up yesterday and already had 5 downloads :)
My moon pic is also the 3rd most popular this week.
Never gonna be rich but it`s good fun.

faidoi

Pentax K10D

Pentax DA 18-55mm f/3.5-5.6 AF

11/01/2004 02:58:41 PM · #179

Woohoo. First $.20 from photography :) 20D here I come :P

jaredldr

Canon EOS-5D Mark III

Canon EF 50mm f/1.8 II

11/01/2004 03:20:44 PM · #180

Originally posted by faidoi:

Woohoo. First $.20 from photography :) 20D here I come :P

LOL thats my goal too.

I'm at about $1.40 so approx 9,000 downloads to go and I'll be there :D

GeneralE

Canon PowerShot S3 IS

Canon 12x IS USM (S3 IS built-in Lens) -- 36-432mm (35mm EQ)

11/01/2004 03:24:46 PM · #181

I'm choosing to interpret each download as a vote of seven or eight -- meets the topic with better-than-average quality. So far, I think my average "score" over there is about double my average here : )

thatcloudthere

Canon EOS-1D

Canon EF 16-35mm f/2.8L USM

11/01/2004 03:40:33 PM · #182

I need to get my butt in gear with some more 'general purpose' photos! I'm still sitting at just 50 cents at istockphoto and 20 cents at shutterstock...nothing yet at dreamstime!

11/01/2004 05:08:17 PM · #183

Originally posted by melking23:

I just got 9 downloads....

you got 9 all today???.... wow... (jealous look out of corner of eye)

11/01/2004 06:17:56 PM · #184

Ok, I have been thinking...maybe a stupit question, but I am going to ask anyways! All this stock stuff...can you start a business from selling stock to these places?

11/02/2004 04:56:59 AM · #185

bump

11/02/2004 05:08:05 AM · #186

Originally posted by melking23:

Ok, I have been thinking...maybe a stupit question, but I am going to ask anyways! All this stock stuff...can you start a business from selling stock to these places?

i don't get the question

11/02/2004 06:41:39 AM · #187

Originally posted by leaf:

Originally posted by melking23:
Ok, I have been thinking...maybe a stupit question, but I am going to ask anyways! All this stock stuff...can you start a business from selling stock to these places?

i don't get the question

Ok, sorry if you don't get the question, just wondering if you can have selling your photos to places like Istock as a business and then claim things like your equipment or a new Canon 20D...hehe

You know claim the camera on your taxes!

11/02/2004 06:50:35 AM · #188

Originally posted by melking23:

Originally posted by leaf:

Originally posted by melking23:
Ok, I have been thinking...maybe a stupit question, but I am going to ask anyways! All this stock stuff...can you start a business from selling stock to these places?

i don't get the question

Ok, sorry if you don't get the question, just wondering if you can have selling your photos to places like Istock as a business and then claim things like your equipment or a new Canon 20D...hehe

You know claim the camera on your taxes!

ok.. now i understand.
your canadian right?... if you are then what i say i think should be correct...

you can start a business doing any old thing you want.... and then claim expenses you incurr due to that business and income you get from that business as well. If it is a sole propietership (which i image you would have... unless you want to have the business incorporated which is more legal stuff and more $$), then you just do the taxes for the business along with your personal income tax.

It sounds like you are earning a bit off your stock photography, so if i were you i would also claim the things you can.. like a camera.. HOWEVER.. also since it is not something that is USED UP... like film, or photo paper, or the like, it will be written on your taxes as an asset.. which means you can't claim $2000 less net income cause you bought a $2000 camera. each year you can claim a percent of the camera's worth... it is a bit confusing... but the way it works.

Nikon AF Nikkor 50mm f/1.8

11/02/2004 06:51:14 AM · #189

i'm no accounting whiz.. but i have taken a little bit in school about it, and ran a pottery business last year.. and tried to do a bit of photography.

pcody

Canon PowerShot G6

11/02/2004 06:54:58 AM · #190

Shutterstock has a note that anything over $600 has to be reported, so if it has to be reported, you can probably use it as part of your deductions. In the US, the government would expect a profit after the 3rd year if you are claiming it as a business, I think. Anyway. I think there are people that do this as a business. There should be some books out there explaining what to do, how to set it up, etc...

11/02/2004 07:03:23 AM · #191

Cool, so you could claim things like, Internet Access, Camera, lights, ect... Would you have to get a Business Lic. or anything like that?

You can Lease a Canon 20D for 79.00 a month online!

Melissa

11/02/2004 07:08:37 AM · #192

Originally posted by melking23:

Yeah, you would have to check it out, but i would be pretty sure you could claim internet access, camera, lights.. ect.... even a car if you use it for your busines. However things like cars, you have to figure out how much is used for private and how much is used for busines and then only use the business % of the expenses to deduct. Also house utilities,... phone, and heating, if you have a home office.. but you can only deduct a percent of those as well because part of the espenses are personal use. I am not sure if you NEED a business license or not.. hmmmm... i think maybe you do.. if you are going to deduct those things.... but also, if you have a business license, you don't have to pay pst on the items you purchase for business (if you are purchasing things that are going to be resold.. like photo paper.. a camera will still have pst).. and gst you can claim and get back as well, if that is on any of the items.

digistoune

Canon EOS-20D

11/02/2004 08:09:03 AM · #193

Originally posted by melking23:

You can Lease a Canon 20D for 79.00 a month online!Melissa

Oh really? Where at?

11/02/2004 08:21:32 AM · #194

You can Lease the Canon 20D for $79.61 a month Canadian at vistek.ca

Melissa

Message edited by author 2004-11-02 10:47:09.

Canon 12x IS USM (S3 IS built-in Lens) -- 36-432mm (35mm EQ)

11/02/2004 11:03:50 AM · #195

bump

shutterstock

Canon EOS-20D

11/03/2004 01:11:10 AM · #196

Melissa - you can get a business license at your local county clerks office for $25 usually. It's more expensive here in NYC (like everything else), but when i lived upstate, it was $25. That gives you the right to do business under a ficticious name.. Like MelKing Photography, etc... or whatever you want as long as it has not been taken yet. If you want an LLC, Inc, or anything more complicated, you need to go to the state to have it done - usually around $500.
Jon

Originally posted by melking23:

GeneralE

Canon PowerShot S3 IS

11/03/2004 01:38:04 AM · #197

I'm not sure if they have anything covering Canadian law, but all kinds of books on starting and running a small business, as well as US copyright and IP law, are available from Nolo Press.

dwoolridge

11/03/2004 03:06:59 AM · #198

Originally posted by melking23:

No need for a business licence as you can do your taxes as though you were self-employed. Form T2124 will be of particular interest to you. Leasing has its advantages (direct deduction) over purchase (capital cost allowance). In the case of purchase, you deduct only a percentage of the cost each year (in the first year, it's half the usual rate). When you lease, you get the full deduction, but you do end up paying more in the end (depending on how it may shift your tax balance).

Things like internet service, phone, etc. can also be claimed (naturally), but you have to be careful about some equipment. Flash cards could be easily categorized as supplies (full deduction, no need for CCA) whereas software generally falls under CCA (the rate isn't so bad if I recall correctly); throwing software under supplies can work too in many cases. Light fixtures themselves are probably in some CCA category, but bulbs should go in supplies. Divide and conquer to squeeze the most out of full deductions. Batteries/battery grip, for instance, need not be under CCA (accessories can give you full deductions). When determining area of home used for business you can do it either by area or room count; choose the one that gets you the better percentage. Claim every last thing you can imagine: the gov't will not pay for your mistakes so do not err on the side of caution.

11/03/2004 04:44:22 AM · #199

Originally posted by dwoolridge:

Originally posted by melking23:
Cool, so you could claim things like, Internet Access, Camera, lights, ect... Would you have to get a Business Lic. or anything like that?

You can Lease a Canon 20D for 79.00 a month online!

Melissa

No need for a business licence as you can do your taxes as though you were self-employed. Form T2124 will be of particular interest to you. Leasing has its advantages (direct deduction) over purchase (capital cost allowance). In the case of purchase, you deduct only a percentage of the cost each year (in the first year, it's half the usual rate). When you lease, you get the full deduction, but you do end up paying more in the end (depending on how it may shift your tax balance).

Things like internet service, phone, etc. can also be claimed (naturally), but you have to be careful about some equipment. Flash cards could be easily categorized as supplies (full deduction, no need for CCA) whereas software generally falls under CCA (the rate isn't so bad if I recall correctly); throwing software under supplies can work too in many cases. Light fixtures themselves are probably in some CCA category, but bulbs should go in supplies. Divide and conquer to squeeze the most out of full deductions. Batteries/battery grip, for instance, need not be under CCA (accessories can give you full deductions). When determining area of home used for business you can do it either by area or room count; choose the one that gets you the better percentage. Claim every last thing you can imagine: the gov't will not pay for your mistakes so do not err on the side of caution.

well put.. you came up with the words i couldn't think of.. such as capital cost allowance....