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.
taxes
Letting go is the hardest thing
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
Child Care Expenses: Deductible?
Costs of day care are not considered “ordinary and necessary” expenses of running a business and are thus not deductible business expenses.
Advice from my accountant on keeping solid books
If there’s any possibility that you might ever sell your business, having solid financial records to document its value is essential.