Online Content Creators
You understand how to generate a following and monetize your online content but do not understand how to file business taxes or advantages of different business structures? We can help. Give us a call.
It's not a hobby any more, it's a business so lets treat it like one.
If your hobby of uploading cooking videos, unboxings, or food reviews is now making you more income than your day job, it is not a hobby anymore; it’s a business. You are likely in the top 0.01% of all YouTube content creators and now must also budget for federal and state taxes. Common mistakes with online content creators result from having to structure their hobby as a business after the fact; you didn’t know your channel was going to blow up so soon when you started it. Fox Caliber can help you build the necessary framework your social media activities need in order to use the tax advantages available to businesses and grow like one.
Tax Opportunities:
Business use of home
Extensive list of deductions
Variety of retirement plans (per structure)
Multiple sources of income
Tax Risks:
Underpayment of quarterly taxes
Self-employment tax (S-corp, llc, sole prop)
Non-optimal utilization of business expenses
Possible multi-state complexities
Improper recordkeeping
Fox Caliber, A Professional Accountancy Corporation:
Our Services for Online Content Creators
Fox Caliber is dedicated to supporting online oontent creators with comprehensive tax solutions
Federal & State Tax
We can prepare all the necessary tax forms for Federal and any states where you may also need to file.
Tax Planning
We can advise on how to complete a planned financial decision in a tax efficient manner. We also help with financial record keeping support; documentation is critical for small businesses especially when such industries didn’t exist 10 years ago.
Tax Resolution
We can help you get organized and resolve any tax inquiries from the IRS and states regarding back taxes.
IRS Audit Support
In the case that you are audited, we will be there to represent your interests. We will also review your tax forms for any red flags that are common justifications for a full IRS audit prior to filing.
Amended Tax Filings
We can help fix mistakes in past tax returns and address the impact on all the subsequent tax returns.
Tax Consulting
What business structure makes sense for you and your family and business financial objectives? LLC, S-Corp? This is one among the many inquiries we can research and support as tax consultants.
We look forward to providing excellent service
We are ready to connect!
Fox caliber is one text, email or call away. Let’s schedule a time to chat. We are ready to solve any taxation problems you may have and help you make the most of the tax benefits available to you.
Let us help you achieve your financial objectives, one tax year at a time
Taxation is a critical part of achieving business and personal finance objectives. It is easy to make a mistake or to not reap the greatest benefits possible. Tax policy is constantly changing, many tax rules can feel grey, and the federal government is generally late in setting taxation rules for new investment vehicles and new ways of earning money that did not exist five years ago. When you are working with Fox Caliber, you’ll have a dedicated team that will remain alert for any tax changes that impact you and we will be ready to discuss advantages to use and risks to be wary of.