alt tweet Facebook vimeo pinning instagram
This form does not yet contain any fields.

    Categories
    Search
    Buzz From Alt
    Meet Our Speakers from SLC 2013
    Friday
    Feb082013

    Alt Recaps for the Weekend

    Thursday
    Feb072013

    More Alt Recap Links to Enjoy

    Wednesday
    Feb062013

    The Alt Links Continue

    Tuesday
    Feb052013

    More SLC Conference Recaps

    Tuesday
    Feb052013

    Tax Concerns for a Growing Blog

    By Helena Swyter. Photo by Julie Remizova.

    Now that your readership has grown, you may encounter some new tax situations as you maintain your blog.

    Saving for Tax Season As you begin earning income from your blog, you should be setting aside 30% for tax purposes. This may result in you saving more than you need, but it’s always better to be prepared than to owe Uncle Sam for unpaid taxes! Some people find it helpful to set up a business savings account and move 30% from checking to savings each month so the tax money is set aside and ready for April 15th.

    Estimated Taxes As a self-employed individual, you are required to pay estimated taxes on the amounts you earn. These amounts are due quarterly and represent an estimate of the taxes owed on the income you will earn for the year.

    Forms 1099 If you hire a contractor to help with an element of your blog - say a social media consultant to help you with your online strategy, or a brand consultant to make your site look sharp - you may have certain tax responsibilities.

    Click to read more ...