Consider our vast experience advising successful YouTube entertainers. Semaphore currently works with many rising stars on YouTube, including several of the top talent according to Social Blade. We offer worry-free accounting, bookkeeping and payroll services for ventures of all sizes — no matter how large or small, business is business.
Whether you’re a veteran YouTube entertainer or just starting out, managing taxes correctly is crucial to avoiding major headaches down the road.
The sooner you call us, the sooner we can help you put a plan into motion to keep more money in your pocket. Our experts review your entire financial picture and design tax strategies in order to allow you to keep as much as possible.
If you have 100,000+ subscribers, call or text today.
Let’s face it, even if you didn’t expect your hobby to become a sensation, once revenue is generated, you’re in business! We have service packages specifically tailored to Tubers. We offer Business and Individual tax solutions to make your life easier. Once your bookkeeping is in order, payroll is the next critical area to consider.
You deserve a team of business and tax experts that can manage your finances for you. Let Semaphore provide a personal solution that integrates with the rest of your financial records. We know how to position your finances to allow you to prosper and thrive.
For most new YouTubers, content and creativity usually forefronts the priority list over business management and finance. However, as a self-employed person, business should for sure be on your mind! Nobody wants those stressful IRS notices come May. If you’re eager to get your YouTube career on the fast track to financial success, keep in mind these big mistakes YouTubers can make.
Not Withholding Taxes
If you are an employee of any company, that company conveniently withholds taxes from each paycheck you are issued. As a digital influencer, you get to hold the title of “sole-proprietor”. In other words, you are your business. Because of this, you are responsible for withholding your own taxes. Make sure you are making quarterly estimated payments to the IRS to avoid a huge tax bill and penalties!
Not Saving for Retirement
Even if your income comes in sporadically, it’s still important to save what you can for the future. Setting up a 401(k) or an IRA is easier than you think! Always remember that you’re in charge of your future, so take the necessary steps to stay secure.
Not Separating Business and Personal Expenses
This can become a major issue – especially if you wait until the last minute to organize all of your expenses. Even if you don’t have a formal business in place, you still need to keep track of where your money is going. Set up a separate business credit card or checking account that is only used for business. This way, at the end of the year, you don’t have to sort through business and personal transactions.