Author Archives: Revel CPAs

How can I save on tax with charitable donation bunching?

charitable donations

The IRS has two approaches to general income tax deductions: the standard deduction or itemized deductions. The standard deduction is a set amount deducted from your income before you’re taxed. It’s sort of the ‘hassle-free’ option when it comes to your return. Since the Tax Cuts and Jobs Act (TCJA) of 2017 increased the standard […]

How do I plan for taxes as a content creator or influencer?

influencer tax planning

You probably thought the most difficult part of becoming a content creator was going to be generating enough quality content to keep your audience engaged and growing.  Then you thought about taxes. There’s so little information out there about how to plan for the taxes that go along with being a content creator or influencer–and […]

What’s the next step when likes and engagement starts turning into significant brand deals?

influencer

As an online creative, you’re no stranger to seeing rapid growth. When it comes to gaining likes and followers your content is making waves, bringing in over $500k a year. It’s turning into a serious, viable business with brands knocking at your door offering five figures for a single brand partnership deal. This sudden growth […]

Why you should start your year-end tax planning now

year end tax planning for creative business

So, let’s kick off this blog with some bad news. There are very few changes you can make after year-end to positively impact your tax situation. Why? Because many deductions and tax planning strategies have to be implemented during the tax year (or at least by December 31). The best time to get things in […]

Xero: Accounting software for your creative business

Xerocon

At the very core of a financially healthy business is excellent bookkeeping. What doesn’t get tracked can’t be improved or properly reported (during tax time for example). That’s why, as a creative entrepreneur, it’s extremely important to build a solid financial foundation right from the start.  Thanks to technology, there’s many ways to handle your […]