When you’re making money — even just scraps — from your creative work not as an employee of some other company, guess what: You’re running a business.
We had a stressful weekend of financial wrangling. We owe a bunch of taxes this year, mostly because I wasn’t on the ball with projecting our income over the year and should have upped the estimated taxes we were paying. There was a surge in income at the end of the year which was great, … Read More
Costs of day care are not considered “ordinary and necessary” expenses of running a business and are thus not deductible business expenses.
If there’s any possibility that you might ever sell your business, having solid financial records to document its value is essential.