YouTube, TikTok, Twitch, Patreon, Substack, brand deals, affiliate links, merch, courses. None of it withholds tax for you. We build the structure that keeps a good year from turning into a tax bill you did not see coming.
Fixed fees, quoted in writing. Florida licensed CPA.
You had a breakout year. The money came in gross, with nothing withheld. Then in April you find out three things at once.
On top of income tax, net self-employment earnings carry a 15.3 percent self-employment tax covering both halves of Social Security and Medicare. Nobody withheld it.
The tax system is pay-as-you-go. If you did not make quarterly estimated payments, Section 6654 adds a penalty on top of what you already owe, charged quarter by quarter.
The camera body, the editing software, the studio space, the contractor who cuts your shorts. All deductible, all worthless without records.
Not a generic small business package. The work creator income specifically requires.
Calculated from actual year-to-date income, not a guess from last year. Safe harbor where it makes sense, actual method where it protects your cash flow.
Once profit is consistent, an S corp election can cut self-employment tax on the distribution portion. It only works with a defensible reasonable compensation figure and real payroll.
AdSense, Creator Fund, subscriptions, sponsorships, affiliate payouts and marketplace 1099-Ks rarely agree with your bank feed. We reconcile them so your return matches what the IRS already received.
Equipment under Section 179, a home studio under the Section 280A rules, software, contractors and travel. We also tell you what will not hold up.
Physical product means cost of goods sold, inventory accounting and sales tax nexus in states you never set foot in. Digital courses raise their own sourcing questions.
A viral year is a tax problem and an opportunity. Solo 401(k) contributions, equipment timing and sponsorship revenue timing can move real income between years.
Connected properly, so your books close on live data instead of month-old statements. Where we hold a certification, we say so.
General information, not advice for your situation. Outcomes depend on facts we would need to review with you.
“As a startup founder, I need people who move quickly and understand the bigger picture. Philip has completely taken the accounting and tax side off my plate.”
There is no single number, because it depends on your reasonable compensation, your state, your health insurance situation and how much administrative cost you are willing to carry. As a rough guide the math often starts working somewhere above roughly 80,000 to 100,000 dollars of consistent net profit. The important word is consistent. Electing S corp status on one good year and then dropping back is expensive and looks bad. We run the actual breakeven on your numbers before recommending it.
Payment settlement entities generally report gross transaction volume, before platform fees, refunds, chargebacks and shipping deductions. Your net deposit is smaller. Your return needs to report the gross figure and then deduct the differences as expenses so the reported total matches what the IRS already has. Reporting only the net is one of the most common triggers for an automated notice.
Potentially, under the Section 280A home office rules, but the space generally has to be used regularly and exclusively for the business. A spare bedroom that is also a guest room is a harder position than a dedicated studio. There is a simplified method and an actual expense method and they produce different numbers. We look at which applies and document it properly.
This is where creators get the most bad advice online. Clothing suitable for general wear is generally not deductible even if you only wear it on camera. Items purchased for review can raise questions about personal use and, if you keep them, about the value received. Genuine business equipment is a different matter. The distinction is fact-specific and worth getting right before an examiner asks.
Yes. We are Florida based and file in other states as needed. If you are considering moving to Florida, the timing and documentation of establishing residency is a conversation worth having before you move rather than after.
Most firms make you book a call before they will name a price. Answer a few questions and get a real starting number in about two minutes.
