Wednesday, December 6, 2023

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    Why some creators find navigating taxes so challenging as they establish their freelance businesses

    While some creators have typically disregarded taxes, the uptick in their paid opportunities has put a new spotlight on the matter.

    Ignoring tax responsibilities amidst the growing workload can result in severe repercussions, which underscores the importance of initiatives like the Creators Guild of America (CGA) which advocate on their behalf.

    Compounding the issue are tax and financial institutions, which frequently fail to recognize creators as contemporary small business owners. This means that workers in the burgeoning creator economy often find themselves squeezed into outdated tax regulations dating back to 1986, resulting in substantial tax liabilities and headaches.

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