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Posted

You are right about the paperwork.  I used to do all of my own paperwork when filing sales tax reports to the state of Georgia, but since they kept penalizing me for incorrectly filling out forms, I finally decided to have my accountant do it all for me.  They don't make it easy for a small business.  

One thing to keep in mind - if you don't generate much in sales, you are likely only going to have to file sales tax once a year.  Of course you will have to do it monthly or quarterly for a while before they decide to change your filing frequency.  I have another business that only sells wholesale and mostly out of state, and they finally changed me to yearly filing.

Cowboy 4500, Consew 206RB-4

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Posted

Until I hit $500, it is a hobby. That is my story, and I'm sticking to it.

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Posted
1 hour ago, CaptQuirk said:

Until I hit $500, it is a hobby. That is my story, and I'm sticking to it.

And that is 500 profit. Every hide you buy to make into gifts and make no money from goes against the profit.....and it is really hard to keep track of the value of the home grown carrots you traded for that wallet......

"If nobody shares what they know, we will eventually all know nothing."

"There is no adventure in letting fear and common sense be your guide"

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