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Is the S**t about to hit the you tube fan
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MyHeadHz:
Here is an interesting development for monetization/advertising on Youtube.  It may or may not be a result of the union, but it is relevant to the idea.   The new details may offer insight into how youtube works now or how it may work in the future. 

(Note: This happens to be a 'gun channel', but it is mostly about what appears to be a new low-key monetization trial at Youtube. He does have a small rant a little about politics, so sorry about that.)

https://www.youtube.com/watch?v=Pid_RtqeC2c?t=0

edit: just noticed your second channel vid about it. Ohh, well :o  Below is the link for that:  https://www.youtube.com/watch?v=bHJGUTc43kg?t=0
SiliconWizard:

--- Quote from: EEVblog on August 08, 2019, 01:42:07 am ---
--- Quote from: SiliconWizard on August 07, 2019, 02:16:27 pm ---Now just an extra question for people owning a company and making money off Youtube (I have no Youtube channel): how is the revenue from Youtube considered from an accounting point of view? What category is it and how is Youtube considered relative to your company?

--- End quote ---

Depends on your country and circumstances.
Often the income can be classified under "hobby income" and no tax is payable.
For me being a Pty Ltd company obviously the Youtube income is now considered business revenue for tax purposes.

--- End quote ---

Yes that would depend a lot on countries. I am curious to see how it's handled in various countries.

Over here, "hobby income" is not really called that, and you're supposed to declare almost anything you make. In practice of course, the rule of thumb is that any source of revenue that is only a small fraction of your main income source doesn't have to be declared. Now if it becomes a significant part of your overall income and someone notices, it'll be considered professional practice and you will get in trouble if a/ you didn't declare it and b/ you don't have an established official pro status, which over here is always in the form of a company (even for freelancers). You can't freelance without creating a small company first.

That said, since it's very close to artistic work, I think over here, this income could be considered in the same category as artists' royalties, which have a very different status from other sources of income, and are easier to deal with.

As for an established company, I was curious about the exact category of revenue. "business revenue" is pretty vague. There's a myriad of accounting categories for revenue and expenses. I'm certainly no acocountant so that eludes me a little, but I know it's not that simple. For instance, what's the status of Youtube relative to the company? It's not a regular "customer" you can bill stuff to IMO. So what is it? How is revenue without bills accounted? Is VAT involved? Many questions. I guess this would depend on the country and would probably require an experienced accountant to answer those. ;D
EEVblog:

--- Quote from: SiliconWizard on August 09, 2019, 02:07:38 pm ---
--- Quote from: EEVblog on August 08, 2019, 01:42:07 am ---
--- Quote from: SiliconWizard on August 07, 2019, 02:16:27 pm ---Now just an extra question for people owning a company and making money off Youtube (I have no Youtube channel): how is the revenue from Youtube considered from an accounting point of view? What category is it and how is Youtube considered relative to your company?

--- End quote ---

Depends on your country and circumstances.
Often the income can be classified under "hobby income" and no tax is payable.
For me being a Pty Ltd company obviously the Youtube income is now considered business revenue for tax purposes.

--- End quote ---

Yes that would depend a lot on countries. I am curious to see how it's handled in various countries.

Over here, "hobby income" is not really called that, and you're supposed to declare almost anything you make. In practice of course, the rule of thumb is that any source of revenue that is only a small fraction of your main income source doesn't have to be declared. Now if it becomes a significant part of your overall income and someone notices, it'll be considered professional practice and you will get in trouble if a/ you didn't declare it and b/ you don't have an established official pro status, which over here is always in the form of a company (even for freelancers). You can't freelance without creating a small company first.

That said, since it's very close to artistic work, I think over here, this income could be considered in the same category as artists' royalties, which have a very different status from other sources of income, and are easier to deal with.

As for an established company, I was curious about the exact category of revenue. "business revenue" is pretty vague. There's a myriad of accounting categories for revenue and expenses. I'm certainly no acocountant so that eludes me a little, but I know it's not that simple. For instance, what's the status of Youtube relative to the company? It's not a regular "customer" you can bill stuff to IMO. So what is it? How is revenue without bills accounted? Is VAT involved? Many questions. I guess this would depend on the country and would probably require an experienced accountant to answer those. ;D

--- End quote ---

In Australia the definition of "hobby income" is whether or there is a "reasonable expectation to make a profit".
So not hard to argue that spending say 20 hours a week on making Youtube videos on some hobby oriented subject for say $10k income if you are professional that could charge your time at $50-$100/hr or whatever is "hobby income".
You could argue even more hours based on having to read and respond to comments and emails etc.
When it becomes you sole or primary source of income that's when it's no longer easy to argue that.
SparkyFX:

--- Quote from: EEVblog on August 08, 2019, 01:39:20 am ---In fact I kinda support Youtube's right to boot off anyone they see fit for whatever reason they want, all I ask is that they are consistent, the rules are crystal clear, and they have allowance for otherwise good long time creators.
--- End quote ---
I wonder how they might see channel sponsorships that bypass YT by being part of the video (e.g. Skillshare, NordVPN and whatnot), in the wake of the YT premium move. That directly affects their business model and kind of routes around it... i assume. Using Monetization as a moderation tool means problems and would be ineffective in such cases.

Then there is also: Some "influencers" have been cease-and-desist-ed in Germany for not declaring product placement, otoh the regulations for cease-and-desist have been hardened recently (how competitors have to prove their business being harmed by it before being able to ask for money or sue).


--- Quote ---Youtube isn't really the "public square" in the same way Twitter has become which I think has become a defacto free speech public platform because it's used by government services and politicians. Evene the US supreme court seem to be agreeing with that position now.
--- End quote ---
That´s kind of the point, no one stops them from seeing YT that way one day. And if so, which government´s platform it is... :D

MyHeadHz:
Well, it hit the fan big time...

At least one upset Google employee leaked ~300MB of internal documents detailing everything from bias, politics (election influence), policies, censorship, monetization, and so on.  The file served on the website keeps getting modified and continually shrinks for some reason (redactions?), but the original file is an active torrent atm called "Don't Be Evil.zip".  A great deal of it apparently involves censorship and monetization.

https://www.projectveritas.com/google-document-dump/
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