Are you so confused with trying to understand taxes with your Etsy business?
If so, did you know that as an Etsy Shop Owner, you can write-off some of the common items you use to make your web empire awesome?
Thanks to the evolution and growth of technology, you are able to turn your passions into a revenue generating business.
If you registered your business as a corporation, the IRS automatically makes you a C-corp. This has many tax disadvantages, making it hard for small businesses to remain profitable. Fortunately, businesses can file IRS Form 2553 and choose to be an S corporation instead.
The largest benefit of filing as an S-corp is the tax savings. The shareholders bear the burden of the corporation’s net income, paying taxes at their personal tax rate rather than the corporate tax rate, which is 21% plus the personal tax rate of any earnings.
Do you know what expenses are tax deductible for Bloggers?
Did you know that as a Blogger, you can write-off some of the common items you use to make your web empire awesome?
As a Blogger and Online Influencer, you have now etched your space into the digital world loud and strong.
You have sacrificed sleep and your social life to get that time sensitive post out for your followers.
I understand this burden and I am here to help you steer through the world of taxes, especially the tax issues that affect you as a Blogger, Vlogger, or Online Influencer.
It’s understandable that the last thing a nurse, physician, pharmacist, or any other healthcare professional wants to worry about are tax deductions.
This daunting thought can also be the reason why so many workers in the healthcare field file too quickly in an effort to complete this task.
Many of the medical professions can be grueling with lots of stress, little sleep, and long hours.
To add to your already long list, you will want to make sure all your documents are in line for taxes in order to stay ahead of the game.
In this article I will show you how to get the most deductions in order to lower your tax bill.
You may be eligible to change your business’s tax classification if you file IRS Form 8832. It’s not for everyone – only certain businesses qualify, but it can be financially beneficial.
Find out if your business qualifies for a change in tax classification in this guide.
