Paid To Travel: The UGC Podcast

53: Taxes 101: Advice From A Tax Expert That Will Save You THOUSANDS

Maddy Garrett

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0:00 | 42:21

If taxes make you want to close your laptop and pretend your bank account doesn’t exist… this episode is for you . 

In today’s episode, I’m sitting down with Tommy from Prime to break down all things taxes for UGC creators, freelancers, and content creators in a way that actually makes sense. We’re talking LLCs, write-offs, travel deductions, gifted collaborations, how much money you should actually be setting aside for taxes, and the biggest mistakes creators make that end up costing them thousands.

Whether you’re a brand new UGC creator or already making consistent income online, this episode will help you feel way more confident going into tax season and managing your money as a self-employed creator.

In this episode, we cover:

  •  The biggest tax mistakes UGC creators make 
  •  When to form an LLC as a content creator 
  •  How to track expenses as a freelancer 
  •  Tax tips for content creators and influencers 
  •  Common tax deductions for UGC creators 
  •  How travel write-offs actually work 
  •  What counts as a business expense 
  •  Taxes on gifted collaborations and PR packages 
  •  How to handle PayPal, Venmo, and multiple income streams 
  •  Why brands ask creators for W-9s 
  •  How much money to set aside for taxes as a freelancer 
  •  Business credit cards, points, and using credit strategically 
  •  Tax strategies creators can use to save money 

Resources Mentioned:

  •  Keeper Tax 
  •  QuickBooks 
  •  Xero 
  •  Prime Corporate Services 

Connect with Tommy + Prime:

Find them on Instagram at Prime Corporate Services for more tax tips for freelancers, business setup help, and creator finance resources.

Want more Travel Content Advice? Make sure to listen to the Travel Creator Podcast 


This podcast was produced by Your Girl Media.

Follow: @yourgirlmedia

Find us: www.yourgirlmedia.com 

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