TL;DR:
- Creator income = self-employment. Track every expense (gear, software, home office).
- Set aside 25-35% of gross income for taxes. Pay quarterly estimated taxes.
- Consult an accountant once income is $30K+/year.
Tax Basics
- You're self-employed. Pay income tax + self-employment tax (~15.3% in US for SS + Medicare).
- Set aside 25-35% of gross for tax savings.
- File quarterly estimated taxes (US: Form 1040-ES).
- Track ALL business expenses.
- Consult accountant once at $30K+ revenue.
Deductible Expenses
- Camera, lights, mics, equipment.
- Software subscriptions (Adobe, Canva, etc.).
- Home office (% of rent / utilities).
- Phone / internet (business %).
- Travel for business shoots.
- Education / courses.
- Health insurance (varies by country).
- Professional services (accountant, lawyer).
Tools
- QuickBooks Self-Employed (US).
- FreshBooks.
- Wave (free).
- Notion / spreadsheet for simple tracking.
Key Takeaways
- Track expenses meticulously.
- Set aside 25-35% for taxes.
- Get accountant at $30K+ income.
Bio link for creator income tracking
UniLink: analytics show income source breakdown by destination.
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