That number sounds right. There is a big difference between the taxes you pay for a hobby and the taxes you pay for a business.
Type: Posts; User: DaveMac
That number sounds right. There is a big difference between the taxes you pay for a hobby and the taxes you pay for a business.
All very true concerns Gretchen, Thank you. I am not sure what the level of income is for a "hobby" vs "Business" so have a conversation with your tax person before you take the plunge. Also know...
For the new commercial tyer...Don't get discouraged worrying about what the shop is paying for their flies or what country they are coming from. If you are making the very best of whatever flies you...
Commercial tying takes a special individual and you will supplement your income, but few are successful at making it a career. First decide what you will be tying" Streamers, Dry Flies, Wet Flies,...