Assumption is the mother of all mess ups, so they say. Iâ€™ll go out on a limb here and assume that you have an idea who John Chow is. After all, he has been making huge waves in the blogosphere in the past few months. Now, just to make sure I donâ€™t make wrong assumptions here, let me tell you a little bit about John Chow. He established The Tech Zone, which provides information on hardware news and reviews. He also established TTZ Media Network, which offers shopping and price comparison services for web publishers focused on technology. His site, John Chow dot com, gets an astronomical number of views each day as he offers a myriad of advice on how to make money online. Get the picture?
Just the other day, he posted an entry on his blog business structure. Though it is specific to his case (he lives in Canada), it could very well be useful for other bloggers who need advise on the matter of income through blogs and taxes. His main point is this: if you earn money through your blog, then you have to pay taxes on it. There is no doubt about that. He goes on to point out that in the eyes of the law, the person behind the blog is separate from the blog as a corporation itself. This, according to him, is the key to making some savings on taxes.
His entry does make a lot of sense and bloggers all over the world are realizing this. Though not everyone is a John Chow fan, you might be able to make use of the points he is presenting.