Treat your activities like a business & deduct your expenses.
Take the first step and form an LLC.
Take the first step and form an LLC.
Equipment
Cars
Airplane tickets
Meals
Rental cars
Hotel Rooms
Trainers/Coaches
Conferences
and more!
With an LLC, you are officially a "business" and you can deduct your business expenses and reduce your taxable income by 10-40% or more!
For example: If you make $80,000 a year and have $15,000 worth of business expenses, you only pay taxes on $65,000.
With an LLC, your personal assets and family are protected from business debts and lawsuits.
With an LLC, your home is safe and won't be used to repay business debts or satisfy legal judgments.
An LLC is a business structure, not an individual, so it can be transferred or sold and can be managed by others.
We make it quick and easy!
It doesn't matter what activity you choose; it can be a business. The key is to try and monetize your social media. Monetize means you need to try and earn money by obtaining followers and getting paid for views/clicks and/or you can seek sponsorships from brands. So, no matter what your activity is, it can be a business.
First, we help you form a limited liability company or LLC.
Second, create content and post it to social media. You can use our Content Management Services to create and manage content. It's a fast and easy way to generate great content. It's a self-service platform, or we can do it for you! Read more in the "Content Management" section.
Content does not have to be complicated. Photos with simple captions is fine! Add some hashtags and link to brands! If you want more elaborate content, go for it!
You should post at least once a month. The more, the better. Our Content Management Services can help you generate content quickly and effortlessly!
Anyone can have an LLC and a business on social media, even your pets! You can even have as many LLC's as you like.
Everyone wants their business to succeed, but there is no requirement that it actually be profitable. So don't let the fact that you haven't earned money or gotten sponsorships yet get in your way!
Once you have an LLC, you can deduct your business's expenses and the losses, if any, offset your gains. For example: If you make $80,000 a year and have $15,000 worth of business expenses, you only pay tax on $65,000.
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EXpensit does not provide tax, legal or accounting services or advice. Nothing on this website should be construed as tax, legal or accounting advice or guidance and should not be relied upon. Remember that documentation is crucial for all expenses claimed. Keep detailed records, including receipts and invoices, to support your deductions in case of an audit. Additionally, tax laws can change, so it's important to stay informed or seek professional advice to ensure compliance with current regulations.