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2 in one day! - Random babblings of a fiber-obsessed nutcase — LiveJournal

About 2 in one day!

Previous Entry 2 in one day! Mar. 11th, 2010 @ 08:36 am Next Entry
spin a yarn
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From:oakenking
Date:March 11th, 2010 04:42 pm (UTC)
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I wonder the same thing - I know that I wasn't a great book-keeper with my business, so some of these folks, I have NO CLUE how they manage to get right with the tax man!

I wasn't talking about giving receipts to people - I meant, showing receipts of money, to make your profit. If you're showing all the expenses that you're shelling out, you'll have to have all that amount plus $500 to show that as a profit... and if you don't pay the taxes on the whole amount of your sales receipts, you'll run into the folks with the State. I'm not saying it's not doable - I'm just thinking it might be more trouble and cost than it nets.
(spin a yarn)
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