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For all my love of numbers, I hate taxes. Just the thought of gathering all that paperwork, trying to mess with software, and crossing my fingers that I did everything right and won’t owe a cent, makes me break out into a cold sweat — no joke!
As we’ve added a rental property in a different state, Joseph’s real estate gig, and my own blog-turned-business, the more complicated our taxes have become. I wish I could just hide under the covers until April 15, but Uncle Sam probably wouldn’t like that too much.
Despite every excuse known to mankind, I finally sat down and forced myself to do a ton of reading and research on all things small business and taxes this year, and while I am not a tax professional, I learned a lot. But rather than keep all this information to myself, I figured it might be helpful to share my findings with those of you who also work-from-home.
Because whether you own an Etsy shop, sell products through a direct sales company like Mary Kay or Pampered Chef, or even take on a few side jobs decorating birthday cakes for friends and friends of friends, you want to make sure your business is on the up-and-up, no matter how confusing the tax code might be. It’s not only ethical, it’s just smart!