Hobby vs Business: What You Need to Know

You wouldn’t call your business a hobby, right? The IRS has specific parameters for whether an operation is considered a business or a hobby. This is especially if your industry is mainly a hobby, such as equestrianism. What helps you to distinguish yourself as a business? For starters, you have to treat your operation like […]

A Succinct List of the Most Common Business Taxes

Taxes…they’re basically a guaranteed part of life, whether you like it or not. But taxes as a business owner is something else. You have your sales tax, both retail and wholesale, your wage withholding, oh and don’t forget your quarterly! What do all of these mean and how do you calculate them? [Just a disclaimer: […]