
Do you report your Newsvine earnings?
Total Votes: 7
tax form
So now I have done my annual tax report once again and it has been posted to my local tax authorities. All my web earnings, including Newsvine earnings were reported, and I'll have to pay some taxes. The final day was 15.5.2008, but I do not need deadlines to get something done. Actually I like to start doing tasks immediately.
Making the report is not that hard, if you have kept your accounting in order. For this year (2008), I changed my accounting a little, as I made an accounting program with OpenOffice. I also try to keep better archives.
However, there were some challenges with tax authorities like with bank, because web earnings are not that well known business industry yet. Authorities are not familiar with PayPal or different kinds of earning logics and payment buffers. Other thing is, that my earnings are in dollars and I'll have to report them in Euros. Well, we'll see if my report is accepted and I'll let you know.
But how about you? Please answer the poll, so we'll know, what average Newsviner does. Are we good citizens or does the tax evasion win.
I have not yet reported my earnings because I haven't cashed out to date.
I've never cashed out because I've only recently crossed the threshold for which I'd be able to cash out.
That part of the UA, I'm guessing, refers more to the checks that Newsvine no longer sends out than money sitting in an active account.
I haven't cashed out either. I figure I'll do it when I cross the $100 threshold or I might just let it ride until I have enough to pay for a 22" LCD monitor.
January's earnings seemed a lot lower than other months, even though I was consistently in single digits. Oh well, at least Newsvine pays for your constructive participation, though I had hoped for more, LOL!
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