Is that a hobby, or a business you have there? A business is not a hobby. If you engage in an activity and do not expect to profit from this activity, it is considered a hobby, and nothing may be deducted off of your personal tax returns as an expense to offset other income. However, [...][...]
Archive for the ‘General Info’ Category
March 5th, 2010 - 10:25 am § in business start up, General Info
What’s in a name?
One of the very first business start up processes is naming your company. Here are my guidelines to picking your company name.[...]
Hello and welcome to Bookkeeper’s Blog!
Greetings! I hope to bring help to small business owners who may be struggling with bookkeeping concepts, business start up procedures and tasks that may be foreign to them. I have seen over the years that business owners are creative individuals, typically very busy and not very detail-orientated[...]
