Can a Craft Business Be Profitable?

If you treat a business as a hobby, you will make hobby income. If you treat a business as a business, you will position it to be profitable. What differentiates a hobby from a business is that a hobby has little to […]

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Tax Reporting Requirements for Hobbyists and Craft Businesses

Other than tax and accounting professionals, nobody gets excited about taxes. If you do crafts as a hobby or run a small craft business, it’s not only important that you have a good understanding of tax reporting requirements

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