There’s an old saying “in this world nothing can be said to be certain, except death and taxes”. While the former can be put off with exercise and a healthy diet, the latter can’t be avoided quite as easily. The United States has a number of tax laws on the Federal, State, and Local levels that WordPress theme and plugin developers need to be aware of. This post will talk about the tax implications of things like outsourcing work, incorporating your business, and sales taxes. As a former accountant who has made the transition into WordPress plugin development, I’m familiar with how complicated the tax issues that developers face can be. I’ve even developed a plugin to assist with 1099-MISC reporting for affiliates and multi-vendor marketplaces called WP1099. As a freelancer, and small business owner, I know how difficult it is to keep track of ever-changing tax laws, so this cheat sheet was written to help you understand what you need to do to stay compliant with the tax authorities.
Incorporating Your Business
Many people with a WordPress theme or plugin business consider the job a “side-job” and tend to treat it as such. Unfortunately,
Source: https://managewp.org/articles/17540/a-complete-us-based-taxes-cheat-sheet-for-wordpress-developers
source https://williechiu40.wordpress.com/2018/06/20/a-complete-us-based-taxes-cheat-sheet-for-wordpress-developers/
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