We get to know you and your content personally to ensure you maximize your write-offs and keep more money in your pocket. We help you take advantage of every opportunity to minimize your taxes. Content creation and influencing can be exciting, rewarding and, let’s be honest, pretty lucrative too.
The Ultimate Tax Experience
Don’t miss out on these opportunities—stay organized and informed about what you can deduct. 3 Please note that funds relating to Currencycloud’s services are accounting for content creators not FDIC insured or protected by the Visa Zero liability protection policy. In regards to Currencycloud’s services when funds are posted to your account, e-money is issued in exchange for these funds, by an Electronic Money Institution who we work with, called Currencycloud. In line with regulatory requirements, Currencycloud safeguards your funds. This means that the money behind the balance you see in your account is held at a reputable bank, and most importantly, is protected for you in the event of Currencycloud’s, or our, insolvency. Currencycloud stops safeguarding your funds when the money has been paid out of your account to your beneficiary’s account.
- We’re not like traditional accountants and we’ll never try and baffle you with financial jargon.
- Being fully focused on the creator economy puts us in a unique position to better understand the challenges, dreams and aspirations of our clients.
- Failing to report your income accurately can lead to legal troubles and penalties.When it comes to taxes, it can be tricky for content creators to navigate the complicated rules and regulations on their own.
- When considering a career in finance or accounting, the choice between becoming a Chartered Financial Analyst (CFA) or a Certified Public Accountant (CPA) can be pivotal.
- Our team of media accountants knows how to turn your follower count into a financial statement that makes sense.
Our Manufacturing Accounting Services:
Track all your cash income from content creation, even if it’s less than $600. You won’t receive a W-2 form, but you might get a 1099-NEC from companies that paid you $600 or more. Whether you do income statement it manually or use one of the available accounting tools, keeping financial records is essential. Without financial records, you have no way to prove what you spent, what you earned, who you paid, etc. Keeping a detailed financial record will ensure you are getting every deduction possible.
You Go Focus On What You Do Best: Creating Content
As a content creator, your income may come from a variety of sources including sponsored content, affiliate marketing, ad revenue, product sales, and even live events. Some sponsors or advertisers may pay upfront while others may pay after the content has been published. Additionally, affiliate marketing income may come in the form of a percentage of sales, which can be difficult to track. Not only can they help manage cash flow and keep you organized, but they can also provide valuable tax advice to make sure you’re maximizing your income and keeping expenses in check. By working with a bookkeeper or accountant, you can make sure your finances are in order, manage expenses effectively, and maximize profits to achieve your goals. Influencers and content creators thrive in a dynamic digital landscape, but managing finances effectively is crucial for sustainable success in the industry.
on-1 support from your own dedicated accounting team.
While both credentials are highly respected, they cater to different professional paths and skill sets. Read this article and explore three differences between the two. Generally speaking, says Garrett, the third point, taxes, is usually the first thing that people come to Game On Financial about. But people often don’t realize that they need the first two in place first. To enjoy those benefits, you’ll need Partnership Accounting to master a few accounting practices, however.