Opening a business bank account, learning from profit and losses, and what the new US tax law means for you with Ben Sutton.

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Welcome to episode 161 of the Food Blogger Pro podcast! This week on the podcast, Bjork chats with Ben Sutton from Mazuma about bookkeeping and taxes for bloggers.

Blog Business 101: Understanding Your Accounting

I know. Accounting, bookkeeping, and taxes aren’t the most exciting topics.

That said, they’re necessary to understand if you’re running your own business. And Ben is here to make it all way more approachable.

By tracking your expenses, profits, and losses, you can understand more about what’s working for your business and alleviate stress come tax season. You’ll learn why having a separate bank account for your business is helpful, how to start separating your expenses, and more!

In this episode, Ben shares:

• Why he started his business
• When you should think about opening a separate bank account for your blog
• How specific should you be when categorizing your expenses
• How you should start tracking your expenses
• How you can use your profit and losses to help you understand your business
• How to start separating your expenses
• When you should start looking into forming an S-Corp
• What the new tax law means for you

Resources:

• Mixmax
• Boomerang
• Mazuma
• Quickbooks

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

Thanks to our Reviewer of the Week, Alicia from Daily Ration! If you’d like to be featured, leave a review for us on iTunes and include your name and blog name in the review.

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