Author: John Stone
Do I Have To Pay Taxes?
Tax obligations – And Your Online Business
( Do I Have To Pay Taxes?).
Probably one of the most typical mistaken beliefs regarding tax obligations and also.
your online organisation is that both are unrelated.
to every various other. The majority of people believe that online.
services are not actually strained that’s why even more as well as.
even more individuals are ending up being drew in to begin their really.
very own online organisation.
, if you are one of the several individuals that is interested in.
beginning your very own online service or if you currently.
have an on the internet service of your very own, after that for certain you.
have actually found out about the conflicts concerning online.
tax obligations as well as companies.
Most individuals that do not truly have a steady history.
regarding on the internet services and also tax obligations would certainly most likely.
hunch that proprietors of on the internet companies have the ability to be.
excused from paying tax obligations.
In truth, on the internet companies are still.
covered with tax obligation fees.
” But I Am Working At Home”.
And Also Other Lame Excuses Not To Pay Taxes.
One of the most usual reason of individuals that have online.
organisations that want to ditch paying tax obligations is that they.
are “operating at residence”. What most individuals do not recognize.
is that tax obligations are really based upon the resources as well as.
quantity of the earnings in addition to the kinds of solutions.
and also items offered; out the area of the.
Whether you are functioning at residence, in a shop or in a.
warehouseStorehouse you are still obliged required pay for whatever.
tax obligation is because of you.
Net Tax Is Just Like Any Business Tax Basically,.
on the internet organisations are strained much like any type of various other.
service. The federal government does not really accumulate.
Revenue tax obligations based on exactly how a company runs.
rather, it concentrates on the kind of business.
A service based upon the Internet still needs to sign up.
If relevant) simply like any type of various other, for GST and also PST (.
company. Whether your online service is a single.
proprietorship or included, you will certainly still require to.
fill out some vital types to make sure that your online.
service can be considered as lawful therefore that you can.
pay the correct tax obligations frequently.
There is in fact no large distinction in between the tax obligation.
duty of an on the internet organisation and also any kind of various other.
Online Businesses And Federal Taxes.
, if you have an on the internet organisation and also you are asking yourself.
The response is if you still require to pay government tax obligations.
of course. Prior to you go about as well as grumble regarding the.
unfairness of the globe, you may too discover more.
concerning the government tax obligations that you require to pay.
if you are a single owner of an on-line company.
any type of revenue you gain via your online company will.
be strained as revenue on your PTR or individual income tax return.
You are likewise required to pay your.
section of social safety as well as medicare tax obligations making use of.
If you have actually included your company, the.
method of paying tax obligations will certainly come to be a little various.
When you are the single owner of your, contrasted to.
Occasionally, the tax obligation you pay as a bundled online.
organisation will certainly additionally depend upon the type of company.
It’s either you will certainly pay tax obligation at a business degree or.
it will certainly be given to you as an earnings.
Managing a tax obligations as well as your online company can be.
If done alone so it would certainly be a lot, fairly an experience.
If you would certainly get in touch with specialists concerning this issue, much better.
such as a legal representative or a state-licensed accountant.
When I first got into the world of SEO, you could literally optimize your site for any term and rank at the top of Google within a month or two.
But of course, that was ages ago.
Now with Google’s ever-evolving algorithm, it takes more time and effort to get results.
But what happens if you don’t have the luxury of time? Or you don’t have the financial resources to put in the effort that is truly needed.
What should you do?
Just forget about SEO?
Of course not. Today, I want to call out 11 tools that will help you get an edge over your competition. But unlike most lists, I am going to get very specific on the feature I want you to use within each tool to make your life easier and help you get results faster with less effort.
Let’s dive right in.
Tool #1: Ubersuggest Projects
You probably already know about Ubersuggest, but do you really have time to spend hours and hours each week to do your SEO?
Chances are you don’t.
So how do you improve your traffic with the least amount of effort?
You set up a project in Ubersuggest.
As you can see, it shows your SEO traffic over time. It will let you know if your rankings are going up or down, your link growth, and your SEO issues.
With so many things going on in marketing, you don’t have time to manually check your rankings or if things are going up or down or even what you need to fix.
Ubersuggest will do it for you all automatically and even notify you of what needs to happen through email. That way you don’t have to constantly check your SEO. Ubersuggest will do it all automatically.
More so, you’ll get notified of what you need to focus on each week to maximize your traffic.
All you have do is head to the dashboard and click on “Add Your First Project.”
It’s as simple as adding in your URL.
Then select the locations you do business in and want traffic from.
Then add in the keywords you currently rank for or want to go after.
And of course, set up your traffic preferences.
And then you’ll be good to go.
Then when things go great, you’ll be notified. And when things are going wrong, you’ll also be notified. Ubersuggest will even tell you what to fix.
That way you get the maximum results in the least amount of time.
Tool #2: Google Analytics Alerts
You have Google Analytics set up on your site, but how often do you log in?
And when you do log in, do you know what to focus on or what to look at?
And if you do, do you know what to do with that data?
Google Analytics is a great tool, but you don’t want to waste hours and hours looking at reports. Instead, you want to spend your time doing and getting results.
But if you set up alerts in Google Analytics, you can save tons of time.
If you watch from the 6:33 mark, it will show you how to set up alerts. I added the whole video as it will teach you how to set up Google Analytics in general in case you don’t have goal tracking set in place.
Once you set up alerts, you’ll again get notified when anything good or bad happens. I usually have alerts set up for only when things go bad, so I know when I need to focus on fixing my marketing.
Tool #3: Trello
You’re probably thinking how the heck is Trello a marketing tool. It really isn’t, but it is a good project management tool.
And with your SEO, you may have a team helping you out and Trello will help streamline the process, make you more efficient, and get your results faster.
I keep my Trello board simple by breaking it into 3 sections.
- To do – what needs to be done over time.
- Prioritized – what I need to be done now (tasks at the top are the most important)
- Done – tasks that need to be double-checked to ensure they were done right.
It’s that simple. That way you don’t have to micromanage your team.
Some people have more complex Trello boards, but something simple like I have works too.
If you want to create a Trello board for your content marketing, assuming you want to write lots of content (such as 10 posts a week), this process works well.
The columns I use for content writers are:
- Topics – this is where writers add topics they want to write about.
- Outline review – writers submit their outline before they write for approval.
- Draft – writers submit their rough draft.
- Draft review – editors review each draft.
- Uploaded, prepared, and ready to review – this is where the editor adds the post to your CMS (like WordPress).
- Scheduled – this is where you schedule the content to go live.
- Done – the content is now live.
We’ve found it effective if you are managing dozens of writers at once.
Tool #4: Content Decay Tool
Can you guess how many articles I write each week?
Seriously, that’s it. 1 article a week which is roughly 4 to 5 per month (depending on how many weeks in the month).
And can you guess how many articles my team and I update each week?
That’s roughly 90 a month.
Just think about it… why would I have a team of 3 people updating 90 articles per month when I only write 1 a week.
It’s because updating old content is an easier way to get more SEO traffic than it is to create new content.
But what content should you update?
The content decay tool will tell you that.
It breaks down in order which articles you should update first, second, third… based on what will generate you the most traffic.
If you are wondering what is involved with updating content, just think of it this way:
- Is there anything outdated within your post – if so, either update the outdated information and make it relevant again. If you can’t, then delete that part from your article.
- Can you use media to improve the experience – do you need to embed videos, add more pictures, maybe even add an infographic? Use media to better tell your story and message.
- Are you including the right keywords – a simple way to get more traffic is to integrate other popular related keywords within your article. Whatever your article is about, insert it into Ubersuggest and head to the “Keyword Ideas” report in the left-hand navigation.
- Is there anything missing – try to poke holes within your content. What could you have done to make it better? What do your competitors talk about that you forgot to mention? What questions didn’t you answer that the reader might have? By asking yourself these simple questions, you’ll be able to make it better.
Tool #5: Ubersuggest Chrome Extension
If you haven’t installed the Ubersuggest Chrome extension, make sure you do so.
I’m not going to bore you with all of the features of the extension… instead, I am going to give you one thing that will save you time.
You know when you Google for information to learn more on any subject?
Chances are, sometimes you are Googling to learn something related to your space. And when you do, you’ll find that your site usually won’t be at the top of those search results.
And that’s ok.
But when you do a search, you’ll notice “monthly searches” in the Google search bar.
This shows you how often that keyword is searched.
So anytime you are looking up anything in your space, pay attention to that number. If you see a keyword with over 5,000 searches, it may be worth targeting.
And as you scroll down and start going through the sites that rank at the top, you’ll notice metrics under each site.
If you notice a web page with thousands of social shares and hundreds of links, it should reaffirm that you probably want to go after that term. And the listing that has thousands of social shares and hundreds of links is a good benchmark of a page that is high in quality and what people in your space prefer.
Ideally, you want to create something better than that one, as that is the main way you beat them over time.
Tool #6: Hello Bar
SEO is very different than paid traffic.
With paid traffic, you can drive people to a landing page with very little content, which makes it easier to generate sales or leads.
With SEO, Google prefers to rank content-rich sites.
But when someone lands on a page full of educational-based content, they are less likely to convert into a customer.
There’s a simple fix… Hello Bar.
Hello Bar has a lot of features, but I just want you to use the top bar like I do on NeilPatel.com.
And as you scroll it moves along with you.
That one little thing allows me to improve my conversion rate from my SEO traffic.
You can easily adjust what you show with a few simple clicks within Hello Bar or you can even show people different messages based on where they are coming from.
Although SEO traffic doesn’t convert as well as paid traffic, it is much cheaper in the long run and does have a better overall ROI. And that one little Hello Bar will improve your numbers.
It’s responsible for 9.4% of revenue from NeilPatel.com.
Every little bit adds up.
Tool #7: Mozcast
Google makes over 3,200 algorithm changes a year.
Are you really going to keep up to date with all of them?
If you followed the first tool and set up a project in Ubersuggest, you’ll get notified when your rankings go down.
And if you set up alerts in Google Analytics (tool number 2) you’ll also get notified when your traffic drops drastically.
What you’ll find is that it’s overwhelming to keep up with all of Google’s updates and it could be confusing to figure out what you need to fix to get your traffic back.
This report on Moz keeps track of all of the algorithm updates and gives you an overview of what has changed or what the update is about. On top of that, you’ll want to check out the Mozcast if you get a notification of ranking or traffic drops as this tool confirms if other people are also seeing changes from a Google update.
Keep in mind that Google doesn’t announce each update, hence you’ll want to cross-reference what you are seeing with the Mozcast.
That way you don’t have to spend hours researching each update.
Tool #8: Detailed
Link building is a pain. There are so many link tools like this one… but let’s not kid ourselves… you just don’t have the time to spend 10 to 20 hours a week doing link building.
So, each minute you spend, you have to make sure it counts.
There’s a tool called Detailed that breaks down the best links for every industry.
All you have to do is select an industry and a site and it shows you all of the good links that are going to your competition.
You can then focus your efforts on reaching out to those sites to get links.
Sure, you will still need to have amazing content or a good product or service in order to convince those sites to link to you, but hey, if you don’t have any of that it’s going to be hard to do well in the first place.
So, don’t waste your time trying to search for links when Detailed will give you a list of hundreds of amazing sites to get links from within your space.
Tool #9: Site Speed Audit
Speed impacts rankings.
Google doesn’t want to rank slow websites anymore.
It doesn’t matter that technology has become better and you can now purchase satellite Internet. Not every location has blazing fast Internet.
For that reason, Google has an Accelerated Mobile Pages framework that helps with mobile load time.
But that’s not enough, you also need your website to load fast.
So, go here and put in your URL.
You’ll then be taken to a report that looks like this:
What you’ll want to focus on is site speed. That Ubersuggest report pulls from Google Lighthouse.
So, send that to your developer and tell them to get you in the green mark for both mobile and desktop load times.
As your speed goes up, so will your SEO rankings and traffic over time.
Tool #10: Supermetrics
Are you tired of having your data everywhere?
Why would you want to log into four of five different apps to get your SEO and marketing data when you could log into one.
And no, I am not talking about Google Analytics. I am talking about Google Data Studio.
If you haven’t used it yet, sign up for it… it’s free.
Google Data Studio is a business intelligence tool that will show you all of your data in one place.
So how do you get all of your SEO data into Google Data Studio? You use Supermetrics.
It passes all of your SEO data from different sources into Data Studio, so you no longer have to log into multiple tools, including Google Analytics.
My favorite feature in Supermetrics is you can automate your marketing reporting, so you no longer have to create your reports manually.
Tool #11: VidIQ
Google is the most popular search engine.
But do you know what the second most popular search engine is?
It’s not Bing… it’s actually YouTube, which Google actually owns.
If you haven’t done YouTube SEO yet, you should reconsider. Just look at how much search traffic I get from YouTube each month.
This article will break down how to do YouTube SEO if you want to learn how it works.
But to make things easier, install this Chrome extension.
Whenever you perform a search on YouTube it will show you what’s popular, what keywords are being searched that are related to each video, and which tags people are using to get more SEO traffic.
I wanted to end this post with VidIQ because it’s not competitive.
See, unlike traditional SEO, it doesn’t take months to see results. YouTube SEO is the opposite in which it isn’t as competitive (yet) and you can rank at the top within 24 to 48 hours of releasing a video (seriously!).
They say SEO is hard and time-consuming. And I am not going to lie, you won’t get results unless you put in some effort.
But who says it has to be as time-consuming?
By using some of the tools I mentioned above you’ll save time. It really is that simple.
I know there is a lot and it can be overwhelming. So if you don’t have time to use all of the tools it is fine… just start at the top and work your way down (I put them in order based on what will save you the most time).
What other ways do you save time on your SEO?
Side hustles are a great way to supplement your income or possibly start a new career.
Today I am interviewing Julie Berninger, who started a super interesting hustle of selling printables on Etsy.
Her story is very inspiring and she shares tips on how anyone can start this successful business.
Here are all the secrets on how to sell printables on Etsy.
Can you tell us about yourself and how you started selling printables on Etsy?
I’m Julie Berninger and I’m a mom with a full-time job in Seattle and also a blogger at Millennial Boss. I was listening to a podcast on my lunch break a few years back and was inspired to open my own Etsy shop. Now three years later I have a successful online business.
I actually had ideas spinning around in my head for years about starting an online business but I was either too overwhelmed or too afraid to go for it. I finally dove into starting an Etsy business and realized it was the perfect side job for me with the little time I have available. I also liked shopping on Etsy so it was a natural fit!
When I first opened my Etsy shop I was selling temporary tattoos but I switched to printables about one year in and never looked back!
Printables are digital files that someone can print out on their home printer like checklists, gift tags, labels, wall art, party decorations, invitations, etc. I sell printable games for bachelorette parties and other digital files that I make on my computer.
I love selling on Etsy because it allows me to be creative and also I like that this side hustle is very passive. The only thing I do after I make the printable is answer customer questions which I get maybe once per month. My Etsy shop, The Swag Elephant, has over 1,000 sales!
What is the process involved to sell printables on Etsy?
The first thing you have to do is actually make the printable on your computer. When I started I used the free online graphic design tool Canva which allows you to pick colors, fonts, and graphics to make up the printable. I also got inspired by what I already saw on Etsy and on Pinterest and tried to make printables that looked like the popular ones but maybe had 1 or 2 things different to make mine stand out.
I’m not a graphic designer so my first printable didn’t look great but the funny thing is that one of my first printables is my bestseller. I make printables in the bachelorette party niche and customers have very different expectations (lower) than in the wedding invitation niche!
I would recommend avoiding weddings and wall art until you get better at design since brides are very picky about the look of their wedding invitations!
I’m so glad I didn’t let the graphic design piece intimidate me into never starting! Over time, I read up on graphic design and learned to use more whitespace and pick colors that go together. There are some free websites like Canva’s color palette generator that I’ll use to find a picture I like from Pinterest and upload it to their tool to learn what specific colors are in the picture. Then I take those colors and use them in my printable as inspiration.
After you make the printable, you upload the file to Etsy along with listing pictures. Some people print them out on their home printer and take pictures with their phone or camera. Other people just “fake” the images by getting stock photos and applying their product over it.
For example, if you are selling nursery wall art, you can find a stock photo of a nursery where the wall art is a blank frame. Then you can put your printable you made on top of that image and it looks like it’s actually in the picture and not fake. I love that hack!
Do you have to be creative to start this hustle?
Definitely not! I like being creative but don’t consider myself a creative person. I actually use Pinterest to get inspiration for a lot of my printables and I just pin things I like to my boards.
I have boards for printables for all different events like Christmas, Halloween, Fourth of July, Mother’s Day and I just keep seeing all of these different ideas and pinning them throughout the year. That approach helps me think of new things to make and I don’t stress about having to be creative or come up with something genius!
Are there any costs involved?
You can get started with this side job for almost nothing. It costs 20 cents to list your first product on Etsy and you can find free fonts, graphics, and design tools to make the printable. That’s what I love about selling things on Etsy because it’s super inexpensive and there are no monthly fees like with other platforms such as Shopify. It felt low risk to get started.
Now, if you sell your printables you have to pay a small transaction fee but that fee is worth it because as a digital seller, you get to capture almost the whole sale price as profit. Etsy sellers of handmade items like knitted scarves have to account for their time and materials to make their items and shipping.
Digital sellers have the time to make the first item and then hundreds of customers can buy it by just downloading it. No shipping involved.
Why did you choose Etsy marketplace for selling?
I chose Etsy because I love buying things on Etsy. If I need to buy someone a gift, that’s where I look because everything is super trendy and personalized. For example, my best friend just closed on her first home so I sent her a housewarming gift from Etsy. There is a huge market for printables on Etsy and it’s a great place to sell printables because you can get them in front of Etsy’s 30 million+ customers!
How much money can you make with this side hustle?
I think it’s reasonable to make between $500-$1,000 per month on this side hustle if you find out you love it and really want to put time into it. There are some printable sellers who are making tens of thousands or six figures per year but they do it as a full-time job.
I do this as a side job so I’m looking to put in a few hours one weekend per month and get a few thousand dollars out of it. I don’t have any more time to invest in a side job right now because I have a 9 month old.
Please share any tips you have for someone who wants to start this hustle
Just do it! I talked myself out of starting an Etsy shop for a long time until a podcast inspired me to go for it. Maybe this is that light bulb moment for you.
So many people were asking me about how I got started and brainstorming ideas with me for printables they could make that I created a free e-Book that will give you 12 months of ideas of things you could sell on Etsy.
It also talks about free tools that I use to make sure I pick trending products and stuff that will sell on Etsy. Here is that e-Book if you want to download it for free and make your first move in creating your own Etsy printables business.
You can download the e-Book here.
I thank Julie for giving so much information about this unique side hustle and sharing her story with us.
Selling printables is a great choice for earning extra money online if you are looking for a flexible side gig.
The post How to Make Money on Etsy – A Beginner’s Guide to Selling Printables on Etsy appeared first on Crowd Work News.
A Guide To Offshore Banking
You may desire to maintain your financial constant if you are somebody whose profession as well as area of home transforms a great deal. One means to do this is by utilizing overseas financial, which permits you to maintain your cash in one nation, yet have accessibility to it anywhere you go. After that this overview has some info that could be beneficial, if you desire to recognize even more concerning overseas financial
Why obtain overseas financial?
Obtaining overseas financial can be beneficial if you are taking a trip around a great deal as well as aren’t actually situated in one particular location. Offshore financial can aid you to have accessibility to your accounts like you were in your residence nation any place you are in the globe.
Tax obligation exception
An additional reason overseas financial is preferred is for tax obligation exception. Relocating it to an overseas account may be beneficial if you have a big amount of cash that you do not desire to pay tax obligation on. Certainly, you require to see to it that you follow the tax obligation regulations of your nation, yet there are lawful means to conserve on your own cash with overseas financial
Advantages of overseas financial
Besides the tax obligation advantages, having your cash offshore suggests that you have equivalent accessibility to every one of the globe’s markets, and also this makes it simpler to buy a varied series of solutions and also items.
Offshore financial functions
You can utilize overseas financial just as an interest-bearing account, or you can utilize it as your primary ways of financial. You can have a bank account with a debit card, and also purchase and also make financial investments insurance policy as well as finances utilizing your overseas financial institution. The majority of the services and products that your conventional financial institution can use are readily available offshore, with the included perk of being offered around the globe.
Offshore financial does utilize the regulation to its maximum, and also so there are a number of dangers connected with it. You require to transfer a huge quantity of cash in order to obtain overseas financial, as well as that cash might be at danger if anything occurs in the nation you decide for. If you do this after that overseas financial can aid you conserve cash and also accessibility your funds any place you are in the globe.
One means to do this is by making use of overseas financial, which enables you to maintain your cash in one nation, yet have accessibility to it anywhere you go. Of training course, you require to make certain that you follow by the tax obligation legislations of your nation, however there are lawful means to conserve on your own cash via overseas financial
You can make use of overseas financial merely as a financial savings account, or you can utilize it as your primary ways of financial. You require to transfer a big quantity of cash in order to obtain overseas financial, and also that cash can be at danger if anything occurs in the nation you decide for. If you do this after that overseas financial can assist you conserve cash and also accessibility your funds anywhere you are in the globe.
Some investors view Facebook’s new Messenger Room, which allows users to host video calls of up to 50 people, as a threat to Zoom.