I wanted to share some tax tips for bloggers.  This is a very important subject, to say the least.

Here are a few of my own tax tips.
First- DEDUCTIBLES:   These are things that you are spending money on to better your blog.  You pay taxes after deductibles, so it is important to keep track of these.

I use my separate PayPal account for all purchases, so it is easy for me to see where my blogging money goes.  (I also have it linked to a separate bank account in a completely separate bank.  More on this later.)

 I have saved all of my blogging money until after tax time, (save at least 20% for this, maybe more, depending on which state you live in.)   After taxes are completed,  my remaining income will go right into our mutual fund.  I only spend my google money, which tends to be between $500 & $750 a month– it pays for preschool & kid activities. Here is how to increase your google adsense earnings.)  Its easier than you think!

• Website hosting
• Designs
• Conference tickets
• Travel fees for conference
• Food/expenses while you are traveling
• E-books & Webinars  (here are our favorites: Publish an ebook online course &Growing your blog while managing your home)
• Business Cards
• Giveaway fees
• Writing materials (laptops, notebooks…)
• Home-office

SAVE ALL RECEIPTS!   I have a huge mailing envelope on my refrigerator, taped right to the side of it, and I just put my receipts right into it as soon as I get home.   It is easy and always there.  Plus, it is sort of hidden, so it isn’t an eye sore.
  
I plan on seeing an accountant because I am making a pretty significant income blogging (which I say not to be boastful, but to be encouraging), plus I am a Play Therapist, which requires similar paperwork as a blogger,  but these tips are exactly what I need to be prepared.  I will add more tips later, as a part two to for tax tips for bloggers.

PS- did you schedule your tax appointment yet?   If you are making money blogging, you may want to book an extra hour- our accountant has us book for two solid hours because of my blog.   Just a tip!

The post Tax tips for bloggers – Deductibles appeared first on Becky & Paula.