Category: 3. Tax for affiliate marketer
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Sales tax
Since an affiliate marketer earns income from affiliate commissions, sales tax is generally not incurred. But if your affiliate marketing business expands to become a merchant and offers products (physical or digital), you may have to deal with this. (See Chapter 17 for more on merchants.) Sales tax is usually levied by the state or…
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The next level: LLCs, corporations, and partnerships
Given the scope of this book and the initial simplicity of affiliate marketing, with or without a DBA, a sole proprietorship is good enough for most beginners. However, if your business does very well, you should consider upgrading to a more formal structure such as a corporation or limited liability company (LLC). We think these…
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Setting up your business for taxes
Before we pay and report taxes, we need to cover your affiliate marketing business as a legal entity. After you’ve worked on your business all year and done a good job of record keeping (hopefully!), it’s time to do your taxes. It’s best to time them before April 15th and after an extensive root canal…
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Tax for affiliate marketer
As the old saying goes, it’s not what you make, it’s what you keep. This is as true with affiliate marketing as it is with the rest of the business world. In this chapter, we want to make sure you are aware of both your tax obligations and the wonderful tax saving opportunities available to…