Simple Blog Taxes

5 Common Tax Mistakes Bloggers Make (That Could Cost You!)

5 Common Tax Mistakes Bloggers Make (That Could Cost You!)

Bloggers have to learn a lot as they go. I don’t know about you, but when I started my first blog I just basically started posting. I didn’t know anything about formatting, SEO, social media. Like most bloggers, I had to learn as I went along.

Something I love about blogging is that I can make mistakes. Mistakes are inevitable, but I can then go back and fix them. I can learn and improve.

One area you don’t want to be making mistakes? Your taxes. Little mistakes can lead to big penalties.

I’m not trying to freak you out. It’s just that there is a lot of ‘tax tips’ that circulate that just aren’t right. I want to help try to clear the confusion. Here are 5 common tax mistakes bloggers make.

Bookkeeping Tasks for Bloggers: Checklists for the Entire Year

Bookkeeping tasks for bloggers

As you get more and more into blogging you learn that there is a lot more to it than just writing something and pushing publish. It can get overwhelming until you get some sort of system down. I find it really helpful to have checklists to remind me of important tasks.

The business side of blogging is the same. There can be a lot to keep track of, so having a checklist of what to do when can help keep you from missing things.

In the early stages of blogging and making money blogging, the bookkeeping tasks are relatively straightforward. They can be done without fancy bookkeeping software or accounting software.

I personally think it is really important for anyone running a business to have hands-on experience with the tax side of their business. For one, small business owners usually aren’t in a position to have extra money on a professional bookkeeper.

But more than that the best way to be a savvy business owner is to know what is happening in every aspect of their business, at least at the basic level. The best way to get that information is to do it yourself.

Don’t worry, I can help you with what to do when. Here is a list of bookkeeping jobs you should be doing throughout the year.

Business Entities for Bloggers: The Ultimate Resource Guide

Business entities for bloggers

Turning a blog into a money making business is exciting. And confusing. Most bloggers start blogging as a passion project. You want to reach people, share with people, and help people.

As your blog grows and starts to make money you need to shift focus from just the blog itself and start to pay attention to how you run the business side of your blog. You need to treat your blogging seriously, as a business.

This means deciding on a business entity.

There are several options for you to consider for tax purposes. As always, you need to talk to your financial professional about what is the best fit for you and your goals. These aren’t one size fits all.

But I can provide some basic information so you can become comfortable with the types of business entities available to you. Here are the most common business entities for bloggers.

Blog LLC FAQ: Do I need an LLC for my blog?

Do I need an LLC for my blog? Blog LLC FAQ

Many moms see blogging as a way to make some money while staying home with their families. That can be an awesome plan. And if you want to be a serious money making blogger you need to treat your blog like a business.

So that means you need to treat every aspect of your blog as a business and form an LLC, right?

Maybe, maybe not. Before you dive headfirst into forming an LLC take the time to learn a bit more about what they do and do not cover. Here are some of the basics on blog LLCs.

Self Employment Taxes for Bloggers: FAQ

Self Employment Taxes for Bloggers.

There are some real benefits to being your own boss. You can make your own hours, decide what projects you want to work on. There are a few drawbacks though.

One thing you need to keep in mind when living the self-employed life? Self Employment Taxes.

Bloggers are not exempt from this tax. They follow the same rules as other small businesses.

Here are some of the frequently asked questions and tax tips on self-employment taxes for bloggers.

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