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November 07, 2005

Of Adsense and Taxes

Sometime last week, Darren posted something about getting an account to do the dirty work for his blogging business.

As you grow your blog and earn significantly from it until such time that it has become your primary source of revenue, it also means that taxes are to be applied to it as well. True? Yes. But are bloggers likely to declare their real Adsense earnings? That I am not sure.

I once asked my accountant about it and he mentioned to me that such revenues could be placed under the category of “professional fees”. Well, I guess so too as one could very well say that I’m a professional blogger (meaning: blogging for profit).

As for me, my accountant takes care of that (with some sort of witchcraft or magic). :D

6 Responses to “Of Adsense and Taxes”

  1. alfie says:

    Anak ng…..

    OK lang sakin kung yong tax ko ay gagamitin para sa ikauunlad ng Pilipinas at ng kanyang mga mamamayan. Pero kung para sa bulsa ng mga P***** – **ang mga corrupt na opisyal ng gobyerno ni Gloria.

    Wag na!!!!

    Me and my websites will surely go underground.

  2. Marc says:

    Abe must you bring this topic up!? hehe :)

  3. yuga says:

    Marc, it only concerns those who are earning huge with AdSense, like you. :p

    Don’t worry, I won’t tell. :D

  4. Marc says:

    May blue spell card sa MTG dati…”Deflection” yata yung name nung card hehe :)

  5. yuga says:

    Marc, may white spell card din ako nilabas — Armageddon. hehehe

  6. I3DAnimation says:

    I agree, I bet you only have to pay taxes if you make a lot, right? This site says you do though.

    But I am assuming you are not in the US? I don’t want to have to file income taxes, this is my only income and I am a student.

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