The Yoga Teachers’ Guidebook To Income Taxes

Getting it together financially is really just a vehicle for being able to show up more fully in your purpose. - Kate Northrup


Every year yoga teachers around the U.S. overpay in taxes due to a lack of knowledge around beneficial tax deductions they can take as independent contractors. This indispensable guide will teach you what those deductions are, which forms to fill out and how to get organized.

There’s some false and inaccurate tax advice circulating the teaching community, but you can trust this guidebook. Written by a yoga teacher and based on years of experience, this guidebook combines expert advice from a licensed EA tax professional with proof directly from the IRS. Nowhere else will you find such a comprehensive and reliable source of tax advice specifically for yoga teachers. This is truly a one-of-a-kind resource.

Guidebook based on United States tax code.




What's In The Book

table of contents tax guide

Hi! I’m Michelle,

A few years ago I got into the yoga business out of love for the practice, but I had no idea what I was doing when it came to bookkeeping. As the founder and sole operator of a donation-based studio, it was up to me to figure it all out using as little resources as possible.

I spent endless nights scouring the internet for guidance and way too many hours trying to navigate Quickbooks that I eventually gave up and pushed my accounting aside. Of course, when tax season snuck up on me, I was completely unprepared and stressed.


I enrolled myself in a few accounting and tax preparation workshops with my local Small Business Association, which I highly recommend to you. I ditched Quickbooks and began using a simple Excel spreadsheet at the suggestion of an accountant. Overtime, I refined my spreadsheets to reflect my unique situations and those of the yoga industry.

Once I learned how to organize my accounting, preparing my business and personal income tax became a whole lot easier, and I figured out how to do it all on my own (ok, with a little help from TurboTax).

Now, I’m no legal expert or tax professional (although I consulted with a licensed EA tax professional in the making of this guide), but I know how hard it can be to get quality information and advice that specifically relates to the unique dynamics of the yoga industry, especially when your resources are limited.

That’s why I’ve created this guidebook and downloadable Excel spreadsheets, because there’s a lack of affordable and easy to understand guidance on the subjects of bookkeeping and taxes. I hope that you can learn from my experience, so we can save you time, money and energy when it comes to taking charge of your income.

I truly believe the more yoga teachers learn to think and act like the small businesses we are, the greater the impact we’ll have on the world because we’re better equipped with sustainable incomes and the business savvy skills needed to grow our classes and spread the message of yoga.

free bonus

To help you save time and get organized, I’m giving you 2 easy to use Excel spreadsheets with instructions to get started.

Class Log Sheet

  • Record your class attendance & growth
  • Easily track the income you need to pay taxes on
  • Log your teaching hours for Yoga Alliance

Sample image (full spreadsheet not shown) 

Income & Expense Sheet

  • Monitor your business & career progress
  • Keep track of your deductible expenses
  • Prepare your tax return with ease

Sample image (full spreadsheet not shown) 


Join the community of teachers taking control of their finances and showing up fully in their purpose.

thank you

Thanks for taking the time to check out The Yoga Teachers’ Guidebook To Income Taxes.

Whether you are someone who just reads our posts, listens to the podcast or buys this guidebook, I appreciate your involvement with Love Teaching Yoga and your commitment to teaching yoga. I wish the best in your endeavors and I’m so proud to be part of such a compassionate community. Namaste.