104: How Bloggers Should Handle Their Taxes and Accounting with Cathy Derus

Jun 27, 2017

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How to track expenses, pay yourself, and set up bank account for your business with Cathy Derus.

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Welcome to episode 104 of the Food Blogger Pro podcast! This week on the podcast, Bjork talks to Cathy Derus about tax advice for bloggers.

How Bloggers Should Handle Their Taxes and Accounting

Photographing, cooking, connecting, writing…these are typically the aspects of blogging we all love. Cathy, on the other hand, loves spreadsheets, tracking expenses, and talking to other bloggers about taxes.

Cathy started her businesses, Brightwater Financial and Brightwater Accounting, as a way to help small business owners like bloggers navigate the confusing tax side of their businesses. It’s a topic that is incredibly important for all bloggers to understand, and Cathy’s goal is to make the process a little easier. From setting up a bank account for your business to tracking expenses, this episode is a crash-course to understanding taxes and accounting.

In this episode, Cathy shares:

How her diverse knowledge helped her launch her own practice
How her blog helped her explore her interests and experiences
The difference between accounting and financials
When you should start expensing blog purchases
Why you should have a separate business bank account for your blog
How to pay yourself from your business’ money
How to put aside money for the IRS
What an EIN is and why you should get one
What quarterly taxes are and why they’re important for businesses

Resources:

If you have any comments, questions, or suggestions for interviews, be sure to email them to podcast@foodbloggerpro.com.

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