Wednesday, August 17, 2011

Keeping track of your Mystery Shopping Earnings

Think of Mystery Shopping as your own business--because it is! You are not employed by shopping companies, you are contracted to do a service for them and report back what you find. For tax purposes you MUST keep track of how much you are earning as a shopper.

One way that I have done this over the years is using a spreadsheet in Microsoft Excel. This spreadsheet has all of the items that you need in order to keep track of how much you are earning and spending while you are out shopping. Here are some things to remember:

  • Don't add reimbursements to your income. 
  • Keep track of your mileage and additional expenses when shopping
  • Keep receipts for paper/ink/phone bills etc. as all of these things count as tax write offs
If you are interested in using my spreadsheet, please click here to download the spreadsheet.


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