The determination affects how to report income and whether deductions are allowed. The IRS has a landing page (Know the Difference Between a Hobby and a Business) to help in making this determination. Here you’ll find questions to consider as well as links to other resources. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
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It's important to take care of ourselves and take steps to nourish ourselves--body, mind and soul. We may have to do this in different and creative ways now that many of us are staying at home. It's still important that we take time for ourselves. #selfcare #Health