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Working from home can seem glamorous at times to some people with not having to leave home and working the hours that you choose, however there’s one important factor that many people fail to consider when it comes to starting an Internet-based work from home job: Their tax.

Everywhere around the globe (save for a few special nations like Brunei) you’ll have to organise and pay your tax at some point and along the way this will mean notifying the government of what you’re earning.

When running an online based operation, it’s very easy for the authorities to lose track of your earnings and in most cases they’ll never pick up on them unless your tax organisation decides to run an audit on you.

In more than 7 years of myself doing business online, I’ve met a swag of poeople — a lot of them affiliate marketers — who pride themselves on the fact that they’re not paying any tax, which can be an extremely dangerous practice if you’re not careful.

The thing is that if you — or anyone else dodging tax — is caught, severe punishments can be dealt to you, which may include imprisonment in many nations.

It’s becasue of this that declaring your tax and paying it on time is extremely important. Sure you may be short of between 8%-60% of your money (depending on where in the world you live), though just ask yourself if the penalty of losing your freedom is really worth those extra dollars.

Anyway there are ways to reduce your tax legally from hiring a good accountant to even moving to another country where tax is much lower (which I’ve actually done myself, moving from the United States to Malaysia), which in my opinion is better than illegally dodging the matter.

In the end the only one who has the choice to decide your tax matter is you, however if you get caught for evading tax, don’t say nobody warned you!