As the due date approaches for filing your tax return, the first part of the entire tax process as a blogger is to answer the question: How much money did my blog make? Your blogging may have several types of income. A good start for your blogging business, especially if this is the first time … Read more
What type of business should you have (sole proprietorship, LLC, S-Corp, something else) as a blogger? There really isn’t a single answer to that. It depends on things like your risks, personal assets, how much money you make, and what your goals are for your business. We’ll assume you’ve decided that your blog is a … Read more
As your successful blog begins to make money, you’ll soon have to grapple with this one question: Is your blogging just a hobby or is it a legitimate business? The answer can make a big difference on your taxes. The wrong answer cause some real IRS headaches. So which one is it? Is it hobby … Read more
Your hard work on your blog is paying off. You found ways to generate some income, or you have plans for monetization. But how does that work for taxes? How much more will you have to pay in, or can you still get a tax refund? There are so many different moving pieces involved in … Read more
“What the heck were you thinking???” That’s what my wife’s pastor asked her after we got engaged. Except “heck” wasn’t the word he used. I wasn’t hurt by that. Considering that her and I each were bringing five kids into a blended family (not five total, five EACH) you can maybe understand why he’d ask … Read more
Taxes: One of those questions we’d rather ignore. And yet somewhere the phrase “quarterly taxes” has come up. Wait, what? For bloggers, podcasters, Youtubers and others who are self employed and make money from their content, it’s bad enough to have one tax time. But now we’re adding four more? This can’t be right. It … Read more
The latest stimulus package, the American Rescue plan, has a surprising little provision that could create some major headaches for freelancers, bloggers, content creators and other self employed individuals come tax time. Seven lines in the 630 page HR 1319 make a big difference in income reporting for many small businesses. Section 9674 of the … Read more
Time is winding down. Unless Congress extends the deadline, the latest version of the Paycheck Protection Program will expire on March 31. Can bloggers apply for the PPP? Does the Paycheck Protection Program make sense for podcasters, Youtubers and other content creators? If the following apply, you may qualify for PPP funding You earn money … Read more
Are you like me when you start a blog (or were you when you started your own blog)? You hear about how much money people are making and it’s at the same time inspiring and intimidating. But getting to that point seems like there’s a freaking mountain in the way, doesn’t it? We’re standing at … Read more
I have a decision to make. My money maker of a website has the potential of becoming obsolete by year’s end. While I’m already planning to build something new in addition to that site, now I have to decide whether to pivot with the existing site, or stay the course by building something seperate. What … Read more