Comments on: Pay Attention To Tax Implications When Blogging For Money

By: Steve@Free iPods

Steve@Free iPods — Fri, 25 Jul 2008 20:49:33 +0000

I’ve just had to include my affiliate earnings in a tax return for the first time, it’s kinda hard to pass 40% of your earnings over to the Government (:

By: Building A Brand :: Red Staple Media » Derek Semmler dot com

Building A Brand :: Red Staple Media » Derek Semmler dot com — Thu, 24 Apr 2008 05:13:04 +0000

[...] In addition, it will offer me the opportunity to form a central corporation to help with the tax implications of earning money with your [...]

By: Asia'h Epperson

Asia'h Epperson — Tue, 08 Apr 2008 00:38:14 +0000

I’m currently not earning money from my blog yet. But, will keep in mind your info.

Asia’h Epperson’s last blog post..Asia’h Epperson Loves Nice People

By: derek

derek — Sun, 06 Apr 2008 19:12:46 +0000

I’m actually in the process of considering that move for myself, as I am working on the company name right now and lining up what I need to do to create the corp so I can evaluate if that makes the most sense for me.

By: Living Off Dividends & Passive Income

Living Off Dividends & Passive Income — Sun, 06 Apr 2008 19:05:27 +0000

I just put my blog income in my C corp and deduct everything!

Living Off Dividends & Passive Income’s last blog post..How I Made $2,667 In Passive Income In March ?08

By: Steve Elliott

Steve Elliott — Sun, 06 Apr 2008 08:10:06 +0000

I’d probably say the even bigger mistake is getting caught!

By: pauletet

pauletet — Sun, 06 Apr 2008 04:26:58 +0000

The biggest mistake that you will do is not to pay your taxes. It can do you more hassles than religiously paying it.

By: Steve Elliott

Steve Elliott — Thu, 03 Apr 2008 20:59:08 +0000

Blimey, it is a whiles since I heard talk of “accruals basis”.

I work for an accountancy firm in the UK and am finding that internet trading is becoming a bigger and bigger issue. Most individuals start earning money from the web as a hobby and there is a grey area over the point at which that turns into a trade (and his then taxable).

I’m sure our Inland Revenue folks will get around to catching up with people sometime soon !

By: Luke

Luke — Tue, 01 Apr 2008 23:37:25 +0000

Sounds like some important things to take into account. Don’t want to lose track of your income sources and get audited. The IRS is such a pain-in-the-neck.

Luke’s last blog post..Meditate, You Big Jerk!

By: colorado eye surgery

colorado eye surgery — Tue, 01 Apr 2008 02:23:32 +0000

Thanks that was a great post with a lot of good information. I haven’t had to file yet but I’m hoping this year I’ll have enough that I might have to. Thanks again!