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Trips, Clothing, and Celebrity Events: The Profit Test Behind Influencer Tax Deductions

Social-media influencing can be a legitimate business. Income may come from brand partnerships, affiliate links, platform payments, merchandise sales, appearances, subscriptions, consulting, or advertising revenue. But having followers—or simply posting photos and videos—does not automatically turn personal spending into deductible business spending. The tax authorities might consider it as a hobby and disallow those related

Mid-year Financial review – Tax changes & BOI compliance – Recording available in YouTube

Our colleagues from NJ SBDC have posted the Mid-year Financial review seminar from mid-June 2024 in Youtube. We highly recommended checking the amazing video library of this organization as it has over a hundred and fifty recording on different topics relevant to any business owner. What You'll Learn from this presentation: - Key tax changes

By |2024-06-27T02:39:11+00:00June 27th, 2024|Categories: Business|Tags: , , , , , , , , , , , |
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