TAX EXPERT EXPLAINS Top 6 Tax Write-Offs for Youtubers and Content Creators
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- Опубликовано: 11 июн 2024
- If you are a RUclipsr and/or Content Creator in Canada, and you are wondering what tax write offs you can take, this video covers top 6 tax write-offs so you can maximize your tax deductions, minimize your tax bill, and keep more money for you and your business.
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Gabrielle is a CPA and Tax Expert, as well as the founder of Balance + Wealth CPA, a licensed CPA firm that specializes in Tax. Prior to starting her business, worked as a Tax Manager at one of the Big 4 Accounting Firms for 7+ years, working with Fortune 500 companies. Gabrielle posts weekly videos on personal finance, business finance, and tax tips.
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Disclaimer: Note this video is not financial nor accounting/tax advice and should be used for entertainment purposes only. Consult with your own financial advisor, accountant and/or tax advisor for specific advice related to your business situation and needs.
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Love this video Gabrielle! :) I am a U.S.-based bookkeeper for content creators & RUclipsrs but this was still super insightful and helpful!
Thank you!! So helpful as a new business
Super helpful!
Great video!
doing gods work!!!
Good advice
Thanks Gabirella
Awesome content! Thanks for positing. I am an employee and willing to start my own RUclips channel to create content. Will I have to file business income and salary taxes separately or can I write off my business expenses and show business incomes in the same tax return? I would truly appreciate your reply. Thank you!
At what point would it be considered "overdoing it" and impacting the principal residence exemption? Would 40% of home rented out be safe?
What if your content/business is based on travel? and the entire thing is turned into content? like flying meals and hotels?
Do you have to make a certain amount per year to make tax deductions? I work a real job and stream on the side and am curious if i would be able to get tax refunds
sis, so much knowledge. i bet u study for 18 hrs a day.
Make some vlogs too
Question if you have merch and create it connected to your RUclips can you write it off?
its considered inventory until you sell it, which then gets classified as Cost of Goods Sold
@@GabrielleTalksMoney may you further explain what that means?
As well, I just registered my name as a LLC for my RUclips channel, I have a domain for my clothing line/ merch, my question is, is it okay for both of those things (the channel and merch/line) to be under the same LLC?
What if RUclips channel (sole proprietorship) do not generate enough income? Still allow to write-off the expenses? What happen if I delete the channel?
Did you figure out the answer to this question?