The rise of social media

Jon Elphick explains the best ways to manage tax planning for internet influencers

February 2019 celebrated the 15 year anniversary of the launch of Facebook, a US based social media and social networking service that initially launched online before being developed into a mobile application. It is estimated that by its 15th anniversary, Facebook had more than 2.3 billion active users each month. Since the launch of Facebook, other social media platforms have been developed, including (amongst others) YouTube and Instagram, which boast estimated users of 1.9 billion and 1 billion respectively.