Finance 101 for Bloggers

About the Session:

Janet LeBlanc, a CPA and founder of Paper + Spark, provides a Finance 101 guide for new bloggers, covering topics such as business classification, bookkeeping, taxes, and legal requirements.
Main takeaways:
– New bloggers should understand the basics of business classification, bookkeeping, taxes, and legal requirements.
– Setting up a separate business bank account and choosing a suitable bookkeeping system are essential for financial organization.
– Tracking income and expenses consistently allows for better decision-making and maximization of deductions.
– Bloggers need to be aware of their tax obligations, including income tax and potentially sales tax.
– Treating a blog as a business from the beginning and accessing available resources can help bloggers feel more confident and successful.