The City of Philadelphia is chasing down local bloggers and telling them they have to (1) fork over 300 bucks for a business privilege license plus (2) pay back taxes on their earnings. And if they can’t afford that lifetime license fee, they’re supposed to spend 50 bucks every year that they operate their blogs.
Many of the bloggers have made little or no money and consider their blogs to be hobbies instead of businesses. That makes hiring a Web lawyer or tax attorney to fight the government difficult.
Why is this issue important to you?
With the U.S. federal government being insolvent (liabilities exceed assets) and many state (including California, New York, and Illinois) and local governments in the same capsized boat, the Internet looks like a fat pig to roast for new taxes to feed the public sector.
Be sure you’re complying with applicable laws when running your blogs and websites in general.
One of the biggest mistakes online entrepreneurs make is operating their businesses the wrong way from an asset protection and tax standpoint. Talk with your Web lawyer about how to avoid this deadly trap that could cost you everything.
To your online success!
-Mike the Web lawyer