747: How To Prepare For Tax Season Without Panic (+Top Deductions Food Bloggers Can Claim) With Amy Northard
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Megan chats with Amy Northard about how to treat your blog like a business, what expenses you can write off, and how to finally feel confident about finances as a food blogger.
Amy Northard is the Accountant for Creatives®. She is a Certified Public Accountant (CPA) who specializes in working with creative small business owners to make taxes and bookkeeping less stressful. She has a passion for helping small business owners navigate the financial aspects of starting and operating a business so they can focus on their craft.
Money can feel overwhelming, but the right systems and mindset will save you stress, time, and money. This episode covers the essential steps to separate hobby from business, make smart financial decisions, and prepare for tax season without panic.
Key points discussed include:
- Start with separation: Why opening a business bank account is the easiest first step.
- Bookkeeping basics: How to track income and expenses without overcomplicating it.
- Avoid hobby status: What the IRS looks at when deciding if you’re really running a business.
- LLC vs. S Corp: When it makes sense to take the leap and what benefits each structure offers.
- Top deductions to claim: From groceries and mileage to courses, masterminds, and retreats.
- Quarterly taxes explained: How to set aside the right amount without stress.
- Documentation made simple: The easiest way to track receipts and stay audit-ready.
- Hiring help wisely: What you need to know about contractors and 1099s.
If You Loved This Episode…
You’ll love Episode 632: How to Survive an IRS Audit and Which Red Flags to Look Out For with Ansley Beutler.
Connect with Amy Northard
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