The most annoying thing I hear from
The biggest mistake new bloggers make is accepting product as payment. First things first, we are going to examine the financial side of accepting product without taking payment:
So as a blogger you need to report your income come tax time. Income includes anything of monetary value whether that be cold hard cash or product.
So if you accept $100 worth of clothing here, and another $100 worth of make up there, that product is your income. And that income is something that you’re going to have to pay taxes on. If you’re not making money blogging, those taxes are coming straight from your pocket. If you are charging to write these posts you can very easily set aside money each month for taxes and you’ll be golden.
The biggest mistake new bloggers make is accepting product as payment. First things first, we are going to examine the financial side of accepting product without taking payment:
So as a blogger you need to report your income come tax time. Income includes anything of monetary value whether that be cold hard cash or product.
So if you accept $100 worth of clothing here, and another $100 worth of make up there, that product is your income. And that income is something that you’re going to have to pay taxes on. If you’re not making money blogging, those taxes are coming straight from your pocket. If you are charging to write these posts you can very easily set aside money each month for taxes and you’ll be golden.
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