anyone have any success in doing this?

Discussion in 'Photography Beginners' Forum' started by iPhoto17, Oct 14, 2009.

  1. iPhoto17

    iPhoto17 TPF Noob!

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    lenses are way expensive, and i was wondering if anyone has actually gone out and tried to get a lense or other equipment for doing photography for a company or a store or something?
     
  2. tirediron

    tirediron Watch the Birdy! Staff Member Supporting Member

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    :confused: Huh???
     
  3. chammer

    chammer TPF Noob!

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    im guessing what he means is that you get offered/hired/whatever a job to do a shoot for someone or some company, but in order to do so they need to obtain a lens for you to get the needed shot(s). at the end you get to keep said lens as payment.

    if thats the case then yes, i believe it's been done before by some people on here.
     
  4. Bitter Jeweler

    Bitter Jeweler Been spending a lot of time on here!

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    Well, I plan on buying a 5D through my shop, and being able to write it off as an expense. You know, to take pictures of jewelery. :D
     
  5. camz

    camz No longer a newbie, moving up!

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    :lol: :thumbup:
     
  6. iPhoto17

    iPhoto17 TPF Noob!

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    yeah, thats what i meant, or also doing some photos for a website for the compnay and they can pay me either with a new lense or enough for a new lense or equipment
     
  7. chammer

    chammer TPF Noob!

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    i imagine you could do that so long as the item value is close to the same monetary value they would otherwise pay you. you'd really have to ask to see if they'd do it, however. i don't think it's something that can really be answered by a simple 'yes' or 'no'.
     
  8. Plato

    Plato TPF Noob!

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    Why not take the cash and buy the lens yourself?
     
  9. Jeepin59

    Jeepin59 TPF Noob!

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    You could also rent lens or other equipment until you make enough to buy it out right or just to see if a lens is right for your needs....google renting photographic equipment.
     
  10. DennyCrane

    DennyCrane No longer a newbie, moving up!

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    It becomes tricky when you're declaring income on your taxes. It's much easier to accept a regular payment, then use that to buy the lens. This way, you have an expense that balances against your income resulting in a zero tax liability. If you're paid in a lens, you now have to declare that value and pay tax on it.

    When you BUY something for your business, you get to depreciate it. If you're PAID in a lens, I don't think that's possible.

    But then again, I'm not a tax expert. This is something to discuss with an accountant.
     
  11. Plato

    Plato TPF Noob!

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    It gets uglier yet. If in the U.S.A., when the value of the camera is declared as income, the state income tax people will probably coordinate with the state sales and use tax people and he'd also owe sales tax on the camera.
     
  12. jnm

    jnm TPF Noob!

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    friend of mine had a guy at his company that offered to do all the official shots of company outings etc. for free so long as they bought the gear for him and allowed him to keep it. they did and he shot for them for about 6 months and then left the co. taking the gear of course. i dont think they will do that again.

    but why wouldnt you just buy it yourself? you have to claim the lens as compensation as if it were a check, so why muddy the transaction? get the money and buy your own lens. in fact that way it is probably easier to show you made $x for your time and also spent $x on a lens so it's a net $0 of income to you. otherwise you would have to show how much your time is worth and the value of the lens as being equivalent.
     

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