Being an online personality is incredibly rewarding: not only do you have a platform to share your voice, you are able to build, connect and inspire a like-minded community – not to mention getting paid to do what you love. Our concierge-style financial services are geared towards making your life easier – requiring as little input (and hassle) from you as possible but offering peace of mind that the business-side is looked after, your finances are managed professionally, and opportunities are not missed.
From a strategic perspective, we structure your business and income streams in a coordinated manner while ensuring your tax affairs are planned optimally. Monitor the success of your business across any device in real-time as we utilize a package of industry leading cloud-based software.
What We Do
When you wait to do your books once a year, you lose the ability to instantaneously take advantage of and monetize opportunities. Real-time accounting allows you to focus on the present and understand exactly where you stand with your account balances, revenue, and profit.
Crowe Soberman’s business management services bring immediate insights and optimization, where the benefits include:
CRA Crackdown on Social Media Influencers
The cost of purchasing branded clothing that you bring to shows or sell online are deductible.
Should you need to purchase clothing or get embellished for a show, a portion of the glam expenses can be deducted.
Advertisements and paid posts on platforms like YouTube, Instagram, and TikTok to promote your brand are deductible.
For social media influencers, your phone and internet plans are essential for earning business income. The good news is that any business-related phone, internet, and data-usage bills are deductible.
Hang on to your dining receipts! Meals and entertainment may be 50 per cent deductible. This includes occasions like taking colleagues out for dinner or purchasing event tickets (i.e.: sports, concert, etc.) to promote your brand.
Bringing in a proactive team of professionals is essential to any influencer’s success. The good news is that your accounting, legal, and consulting fees are all deductible in the business.
If you travel in order to earn business income, your related expenses are likely deductible. Examples of related travel expenses may include lodging (hotel rooms, Airbnb rentals, etc.), transportation (flights, train tickets, public transit fare, ride sharing apps, car rentals, etc.), and meals (dining at a restaurant, ordering take out, etc.) If the expense is related to travel for earning business income, it is considered deductible.
If you work out of your home and have a dedicated space that you use to earn business income, you are allowed to claim a portion of your home expenses that included, but not limited to:
If you are an influencer that meets with people, or a food blogger that needs to drive to a restaurant, you can deduct a portion of your vehicle expenses for business purposes such as:
Tax Tips for Canadian Gig Workers
Cloud Accounting and Content Creators
Tax and Financial Planning for New Professional Athletes
Tax Obligations of Canadian Athletes with Green Cards
Tax Checklist for Social Media Influencers & Content Creators
The PGA Tour makes its long-awaited return to Canada
How can we help?
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Supporting clients from competitive, diverse and constantly evolving industries is part of our DNA - just ask any of the professional athletes, artists, performers and producers who fill our roster. Whether you are launching a new career or are already a seasoned veteran, our team of professionals can help you establish solutions for today's issues and take advantage of tomorrow's opportunities.