For most small business owners, traveling for business purposes is a normal occurrence. But, when that first event arises, you may be left wondering how to document your travel expenses. Even more, you may not know exactly which small business travel expenses are tax-deductible.
What is an employer identification number?
What is an employer identification number and do I need one? Both are really great questions. It can be a bit confusing sometimes to understand all of the ins and outs of being self-employed.
Because there are so many possible scenarios for this topic, I will try to be as general as possible. However, you should note that I am mostly speaking to bloggers, freelancers, and the like. So, take that into consideration as you read through this post.
December Income and Traffic Report
I can’t believe that I have done an entire year of income reports! It has been a wild ride this year, and December is finishing off with its own chaotic signature. So, let’s jump right into the income and traffic report for December and see what happened.
November Income and Traffic Report
November was what I perceive to be the beginning of a not so great start to the end of the year. Normally, I am ecstatic when the 3rd quarter rolls around because the earnings are usually out of the park. While the November income report shows a good increase over the previous year, it was definitely not what I was expecting.
Business Activity Code for Bloggers and Related Businesses
One question many bloggers have about what they do is how to label what they do. Am I a blogger? Am I a graphic designer who just happens to blog? Am I a travel expert? etc. Normally, it is nothing more than a bothersome dilemma that occurs when one is developing their elevator pitch. That is until you’re filling out your tax return and the IRS presents you with that empty box requesting a business activity code. WHAT???