Share
))
HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
…
continue reading
Manage episode 519320154 series 3666230
Content provided by Tiffany Bastian | Bastian Accounting. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tiffany Bastian | Bastian Accounting or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
Many photographers have no idea that state sales tax amnesty programs even exist — but they could save your business from devastating penalties.
In this episode, Tiffany breaks down how these programs and Voluntary Disclosure Agreements (VDAs) can help you get compliant with state sales tax laws without facing crushing fines or legal trouble.
If you’ve fallen behind on sales tax or aren’t sure where you stand, this episode will show you the right way to come clean, rebuild compliance, and protect your photography business for the future.
What You'll Learn:
What state sales tax amnesty programs are — and how they can protect your business from severe penalties
How Voluntary Disclosure Agreements (VDAs) work and why they’re often your best path to compliance
The step-by-step process for applying for a VDA — including how to remain anonymous in the early stages
What benefits come with amnesty programs: waived penalties, limited lookback periods, and protection from prosecution
What commitments you make once you sign a VDA — and what happens if you don’t follow through
What to do if you’re not eligible for a VDA and still need to fix past noncompliance
Episode Highlights:
[00:02:10] Understanding Sales Tax Amnesty Programs
Tiffany explains how amnesty programs give business owners a chance to come forward and correct past sales tax issues without facing the full legal and financial consequences.
[00:07:00] Inside the VDA Process
Learn the full process for entering a Voluntary Disclosure Agreement — from submitting an anonymous inquiry to signing your official compliance plan with the state. Tiffany breaks down what each stage looks like and how long it typically takes.
[00:13:45] The Benefits of a VDA
Discover how states reward honesty through reduced penalties, shorter audit lookback periods, and protection from criminal prosecution — helping you start fresh and compliant.
[00:18:30] Long-Term Compliance Commitments
Entering a VDA is more than paying back taxes — it’s a promise to maintain ongoing compliance. Tiffany shares what the state expects and the serious consequences of breaking that agreement.
[00:23:10] If You Don’t Qualify for a VDA
Not all businesses are eligible — especially if the state has already contacted you. Tiffany walks through alternative strategies for negotiating payment plans, requesting partial penalty abatements, and rebuilding compliance.
Resources Mentioned:
FREE State-by-State Sales Tax Guide for Photographers — Learn exactly what’s taxable in each state and where you may have obligations.
Voluntary Disclosure Agreement Checklist — A quick-reference guide to prepare for applying for amnesty (available at bastianaccounting.com).
Financially Focused Photographer Facebook Community — Connect with other photographers and get expert advice.
This Week’s Homework:
Perform a sales tax compliance check-up:
- Review past sales data — Identify states where you’ve made sales or performed services
- Determine obligations — Use the State-by-State Sales Tax Guide to see what’s taxable
- Check eligibility — See if you qualify for a VDA or other amnesty options
- Plan next steps — Create a system to track, file, and pay sales tax accurately moving forward
Community Q&A:
“I’m behind on sales tax and found out I’m not eligible for a VDA. What do I do?”
Tiffany advises: Don’t panic. You can still take action to minimize penalties. Calculate what you owe, contact the state voluntarily, and establish a payment plan. The key is to show good faith and consistent future compliance — ignoring it will only make things worse.
Key Quotes:
“Ignorance is never a defense — but honesty and proactive compliance can save your business.”
“A VDA is like financial probation — the state gives you a second chance, but they’re watching to make sure you follow through.”
“Getting right with sales tax isn’t about punishment; it’s about protecting your business and your peace of mind.”
Connect with Tiffany:
Join our free Facebook community: Financially Focused Photographers
https://link.bastianaccounting.com/ffp-yt
Get inside the Financially Focused Collective (membership):
6 episodes
