Tax Tips for Bloggers is a comprehensive article that now gives bloggers expert advice on how to manage their business, expenses, quarterly taxes, and records with the chance to claim cost-saving deductions.
Traverse City, MI -- (SBWIRE) -- 10/27/2014 -- The National Tax Reports blog has been updated to include the article, Tax Tips for Bloggers, featuring the most current information to help blog writers stay on top of their finances. Bloggers have many ways to profit. They write, have advertisers purchase ads on their site, and even consult others in the field. The article reveals how tricky taxes can be and writers must plan from the start in order to get things right.
At first, the article covers how one might establish their business. There are several options including sole proprietorships and corporations. Some choose to become limited liability companies. Each comes with different legal and tax requirements.
Another concept touched on is estimated taxes. The author lists the due dates for each quarter of the year, so bloggers can pay the IRS on a quarterly basis. Typical dates and potential variations are mentioned, while online, phone, and mail methods of paying taxes are bulleted. Online filing is stated as the fastest method to pay.
To qualify for tax deductions, bloggers need to track expenses related to their business. The author highlights the importance of record-keeping and lists a few expenses that can qualify for deductions. These include office equipment and supplies, subcontractor payments, and online expenses such as domain names, hosting, email subscriptions, and more.
Finding and using these deductions is simpler with Turbo Tax Home and Business software, as stated in the article. The benefits of using this are briefly explained. In closing, the author explains that home office deductions are a good thing and allow bloggers to not pay more than necessary.
To read about tax tips for bloggers and take advantage of these, go to http://nationaltaxreports.com/tax-tips-for-bloggers/
About Frank Ellis
Frank Ellis is a Traverse City Tax Preparation Planner and published author. He has written tax and finance related articles for eight years and has published over 800 articles on the Internet.
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