All Hokie, All the Time. Period. Presented by

The Lounge Board

Tafkam Hokie

Joined: 10/07/1999 Posts: 35179
Likes: 13640


I suppose technically I could/should. But if there is no profit


there is no tax. And profit is what would be reported as income.

I'd need about a hundred customers before showing a profit. I'm still in the single digits so far.

I'll likely track revenues and expenses just to be sure. It may be that this never really amounts to anything and just stays as a small-time, cash-only hobby that loses money, but provides a minor subsidy for my other hobbies.

(In response to this post by TomTurkey)

Posted: 08/14/2018 at 5:54PM



+0

Insert a Link

Enter the title of the link here:


Enter the full web address of the link here -- include the "http://" part:


Current Thread:
  Looks like it comes down to liability -- Tafkam Hokie 08/14/2018 8:47PM
  What Would Jesus Do? -- HokieGator 08/14/2018 6:09PM
  Put it in a basket and feed thousands. ** -- Hokie360 08/14/2018 6:49PM
  Using His lunch powers ** -- Baltimore Hokie 08/14/2018 6:54PM
  Where are you located ** -- Betabeachbum 08/14/2018 5:20PM
  NRV ** -- Tafkam Hokie 08/14/2018 5:41PM
  Is your plan to make money or is it just a hobby. -- Betabeachbum 08/14/2018 9:46PM
  I honestly don't know. For now, my only real goal -- Tafkam Hokie 08/14/2018 9:59PM
  Only a random audit will be a problem -- TomTurkey 08/15/2018 09:03AM
  Sounds like a fun hobby ** -- MEHOKIE 08/14/2018 5:16PM
  Won't happen. ** -- 48zip 08/14/2018 8:37PM

Tech Sideline is Presented By:

Our Sponsors

vm307