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Tips for Taxpayers Who Make Money From a Hobby

Posted by Scott Farnes on Feb 20, 2020 8:14:00 AM

Many people enjoy hobbies that are also a source of income. From soap making and pottery to calligraphy and designing jewelry, these activities can be sources of both fun and finances. However, taxpayers who make money from a hobby should know that they must report that income on their tax return.

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Topics: Business Ownership, Personal Finance, Taxes, Small Business, Tax Return

Reminder: Use Correct Forms to Pay Employment Taxes

Posted by Scott Farnes on Jan 29, 2020 8:03:00 AM
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Topics: Business Ownership, Taxes, Small Business

Employer Benefits of Using the EFTPS

Posted by Missy Dennis on Dec 19, 2019 8:11:00 AM
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Topics: Business Ownership, Taxes, Small Business

Recordkeeping Tips for Small Business Owners

Posted by Taylor Bennett on Dec 12, 2019 8:18:00 AM
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Topics: Business Ownership, Record Keeping, Small Business

The Home Office Tax Deduction for Small Business

Posted by Taylor Bennett on Oct 4, 2019 12:20:09 PM

If you're a small business owner who uses your home for business you may be eligible to claim the home office deduction, which allows you to deduct certain home expenses on your tax return. The benefit to this, of course, is that it can reduce the amount of your taxable income.

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Topics: Business Ownership, Tax Deduction, Small Business