5 Ways To Save On Your Taxes As a Blogger

There are a few things that are certain in life and tax is one of them. Whether you are a small time blogger or a superstar, you are going to have to pay taxes on the money you make from blogging. Your tax rate can be actually pretty high if you are making a decent amount of money from your blog. As a blogger, you need to take time to treat your business professionally. That means you should invest in your business and do what other businesses do to reduce their taxes. Now I am not suggesting that you should write off things that have nothing to do with your business. But you can always buy a better computer or pick up premium software solutions that are necessary for you to enhance your blog and take your business to the next level.

Small businesses are often very likely to get audited. There is a reason for that. There are some people who write every single thing off and always come up with zero or negative income. There is nothing wrong with that as long as you can prove that things you have bought are necessary for you to conduct your business. So don’t go on a world trip or buy a boat for tax purposes and expect the authorities to ignore your write off. That being said, there are simple things you can do to lower your tax and add to your blog. Here are 5 ideas to get you started:

Office makeover: giving your office a makeover is a great way to save on your tax and give yourself a more productive environment. Whether it’s picking up a new computer or a monitor, there are plenty of things you can buy for your office.

Wordpress themes: if you happen to run your blog on Wordpress, you can always write off the cost of re-designing your blog. You do want to talk to your accountant about the details, but it’s another way to enhance your blog and lower your tax. The same applies to themes you buy for other platforms.

Logo: getting a professional looking logo designed for your blog should be one of your priorities if you haven’t done it already. This process can be a bit costly, so you want to make sure you get the tax benefits if possible.

Premium Software: I know a lot of us can work with free photo editors that are available online. But if you run a professional blog, you may need premium software solutions such as Photoshop. These are not cheap and can certainly quality as a cost of doing business online.

Branding: selling your own merchandise or giving away t-shirts is not going to happen for free. That will cost you some money. You want to make sure you account for these when you prepare your taxes.

My suggestion to newbie bloggers is to ask about the above items from your accountant before trying to prepare your taxes all by yourself. There are so many confusing rules and regulations out there, and you certainly don’t want to get in the IRS’ bad graces. You certainly don’t want to buy things that don’t add any value to your business, and you don’t want to write off things that shouldn’t be. Of course, after a couple of times, you are going to get a hang of what you can write off. That’s why you should act very curious when meeting with your accountant.