From side hustle to small business

As the creator economy expands into what industry estimates place at a $205 billion global market, many content creators are discovering that growth brings new business responsibilities alongside creative opportunity. That shift was a central focus of From Passion to Profit: What Creators Should Know for Tax Season 2026, a February 11 event in Greenpoint, Brooklyn, hosted by H&R Block, which brought together tax professionals and creators to discuss how quickly creative ventures can evolve into businesses facing tax, payroll, and compliance obligations.

Andy Phillips, Vice President of The Tax Institute at H&R Block, framed creators as part of a broader trend affecting small businesses. “Creators are just a microcosm of small business, of the broader small business community,” Phillips said, noting that creators often encounter tax and payroll issues earlier than many traditional entrepreneurs.

To dig deeper, visit the original article on the Thomson Reuters blog.